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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST

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To: TobagoJack who wrote (44033)12/17/2008 2:49:53 PM
From: Joe S Pack   of 219056
 
Warren should've listened to Daddy Buffett

321gold.com

Warren:
The "Oracle of Omaha," Warren Buffett, once said this
about gold (thanks to Hubert Moolman for this Buffett quote):

"It gets dug out in Africa or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

But his dad said:
Human Freedom Rests on Gold Redeemable Money
- by Hon. Howard Buffett
U.S. Congressman from Nebraska

Reprinted from The Commercial and Financial Chronicle 5/6/1948

"Congressman Buffett stresses relation between money and freedom and contends without a redeemablecurrency, individual's freedom to sustain himself or move his property is dependent on goodwill of politicians. Says paper money systems generally collapse and result in economic chaos.
Points out gold standard would restrict government spending and give people greater power over public purse. Holds present is propitious time to restore gold standard."
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