Here we go with WB again. LOL

来源: 2012-02-09 07:48:16 [旧帖] [给我悄悄话] 本文已被阅读:

http://www.businessinsider.com/warren-buffett-explains-why-stocks-are-obviously-better-than-gold-2012-2

Today the world's gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce -- gold's price as I write this -- its value would be about $9.6 trillion. Call this cube pile A.

Let's now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world's most profitable company, one earning more than $40 billion annually). After these purchases, we would have about $1 trillion left over for walking-around money (no sense feeling strapped after this buying binge). Can you imagine an investor with $9.6 trillion selecting pile A over pile B?



Read more: http://www.businessinsider.com/warren-buffett-explains-why-stocks-are-obviously-better-than-gold-2012-2#ixzz1ltr9S2X4

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LOL. That is what credit expansion does to all asset class and when credit contraction comes (as we are in the cycle now) we will see how those assets goes down.