In the same interview

回答: Buffett correct or wrong?天下无马2011-03-07 14:13:21

WB presented another arguement against gold, which to me is much more convincing one, if validated: All the gold reserve around the world can be piled into a 20mX20mX20m cube. For that cube of gold, is currently valued at 7 - 8 trillion USD, which is more than all the farming land in US, plus 10 XOMs, and more.

I found that number is in conflict with other numbers. Would love to see if any one can shed more lights on them.

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人类所有开采过的黄金就30万吨,也就是300,000,000,000克或者9.646 x 10^9盎司 -dividend_growth- 给 dividend_growth 发送悄悄话 dividend_growth 的博客首页 (334 bytes) () 03/07/2011 postreply 15:12:19

俺的数字搞错了,不是300000吨,而是160000吨 -dividend_growth- 给 dividend_growth 发送悄悄话 dividend_growth 的博客首页 (0 bytes) () 03/07/2011 postreply 15:28:01

Why not, if you use 8 trillion to buy all or even partial worldw -天下无马- 给 天下无马 发送悄悄话 天下无马 的博客首页 (410 bytes) () 03/07/2011 postreply 15:16:12

If you spend time to understand it, -天下无马- 给 天下无马 发送悄悄话 天下无马 的博客首页 (389 bytes) () 03/07/2011 postreply 15:43:04

It can barely cover US deficit for next 5 years -大猪头-- 给 大猪头- 发送悄悄话 大猪头- 的博客首页 (196 bytes) () 03/07/2011 postreply 16:13:53

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