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Presenting Warren Buffett's "Gold Cube"

Tyler Durden's picture




 

Recall from Warren Buffett's 2011 letter to investors:

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 $9.6 trillion....You can fondle the cube, but it will not respond.

Below is what said gold cube containing all the world's gold would look like, with distinctions for the various types of gold currently in existence:

source: Deutsche

 

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Wed, 09/26/2012 - 13:38 | 2832750 Grinder74
Grinder74's picture

But what would a tungsten cube look like?

Wed, 09/26/2012 - 13:46 | 2832787 Pladizow
Pladizow's picture

Looks like the Borg Mother Ship - Resistance is futile!

Wed, 09/26/2012 - 13:46 | 2832788 MillionDollarBonus_
MillionDollarBonus_'s picture

Gold “investors” do absolutely nothing for this country whatsoever.  Hoarding gold instead of investing in bonds and equities demonstrates a sick narcissism and complete disregard for building the economy. Real investors actually help people by investing in blue chip companies employing thousands of Americans, or buying US treasuries and enabling the government to do its job. What do gold investors do to help the economy? Absolutely nothing. Unlike real investors Gold hoarders are purely in it for themselves, and serve no purpose to society whatsoever.

Wed, 09/26/2012 - 13:48 | 2832796 Pladizow
Pladizow's picture

DONT FEED THE TROLL!

No positive, No negative, No comments!

Wed, 09/26/2012 - 13:53 | 2832804 Pinto Currency
Pinto Currency's picture

 

Buffett invests in things that respond when he "fondles" them.

Hmmm.

Question for Becky Quick....

Wed, 09/26/2012 - 13:58 | 2832841 BaBaBouy
BaBaBouy's picture

GOLD $50K Bitchezzz...

AND ... SILVER IS Up Today...

Wed, 09/26/2012 - 14:01 | 2832849 BaBaBouy
BaBaBouy's picture

Repeat To Fiat MillionDallor ... GOLD $50K

Wed, 09/26/2012 - 14:27 | 2832924 nope-1004
nope-1004's picture

Idiot central banks intent on devaluing to save their buddies asses.  Gold and silver will always be their nemesis, and my priority.  Could give a shit about how productive my savings are when General Ben is intent on raping savers of the world.

Buffets archaic investment strategies, based on Keynesian insanity, is showing its true colors since 2009 in a world that has changed drastically, while he hasn't.  Munger may as well die.  The garbage he spews is a gross disservice to the young trying to understand how to manoeuvre in this ponzi.

 

Wed, 09/26/2012 - 14:41 | 2832982 akak
akak's picture

I am also sick to death of the central bankster bullshit propaganda (so lovingly and incessantly repeated by the execrably disingenuous Jon Nadler of Shitco) that half of all the world's gold stock is held as "jewelry".  This is a flat-out lie!

While the physical form of so much gold may be fashioned into jewelry, the bulk of all that jewelry is NOT worn or intended as a fashion statement or bauble, but is actually an INVESTMENT or alternate and traditional form of SAVINGS.  The vast bulk of all the gold "jewelry" in India or the Middle East is actually investment gold, and should be included in that category.

The fucking central banksters and their corrupt financial system lackies will go to ANY length to try to distort and minimize the importance, and functionality, of gold as a savings and investment medium.  They might just as (dishonestly) try to separate out of the "investment" category all of the world's gold bullion coins, and put all that gold in a separate category of "numismatics".  That would be idiotic, yet they do the equivalent with so-called "jewelry" with nary of peep of protest.

Wed, 09/26/2012 - 14:46 | 2833007 JonNadler
JonNadler's picture

me, disingenuous? come on!

 

Wed, 09/26/2012 - 15:48 | 2833122 CrockettAlmanac.com
CrockettAlmanac.com's picture

I first saw the gold cube story in a Johnny Wonder comic in the Sunday paper sometime in the 1970s. At that time the cube measured 17 yards. That fact really struck me and I have thought about it every so often for the past thirty five years.

Wed, 09/26/2012 - 17:00 | 2833566 Pinch
Pinch's picture

The real shocker would be the size of the total above ground silver cube. It'd be tiny. Most is lost and not recycleable.

Wed, 09/26/2012 - 22:50 | 2834398 flacon
flacon's picture

I nearly MUNGERED in my pants after I read Warren Buffet's gold story. 

Wed, 09/26/2012 - 23:01 | 2834410 Thomas
Thomas's picture

I Buffetted through my nostriles.

Wed, 09/26/2012 - 14:51 | 2833017 anarchitect
anarchitect's picture

How true. Furthermore, the article refers to the various types of gold in existence. The illustrated cube should therefore be contained within a far larger one, 4.65 times as long on each axis, labeled "Paper Gold Instruments".

Wed, 09/26/2012 - 16:42 | 2833489 Dr Benway
Dr Benway's picture

The cube should show all forms of paper money folding out of it like a black swan origami ponzi towering thousands of meters over the tiny cube of tangible wealth.

Wed, 09/26/2012 - 14:51 | 2833025 JonNadler
JonNadler's picture

I agree with MDB, gold will soon trade at 250 a pound and you still won't be able to eat it

Wed, 09/26/2012 - 14:59 | 2833052 silverserfer
silverserfer's picture

Sweet, Icant wait for $.13 gas again!

Wed, 09/26/2012 - 15:06 | 2833071 cynicalskeptic
cynicalskeptic's picture

That would be priced in  the 'new' $US - like in Zimbabwe after the lopped 12 zeros off making 100,000,000,000 Old $Zim equal to 1 $Zim NEW..... sort of like the Retenmark compared to the DM under Weimar.

So we'll be having bread priced at a few hundred million in the old $US before a magic revaluation  which will bring the price down to one cent in the new $US

 

PRICES ARE MEANINGLESS - It's the BUYING POWER that matters - and the $US is buying less and less over the course of my life, a trend that only seems to be accelerating.

Wed, 09/26/2012 - 17:02 | 2833572 Black Forest
Black Forest's picture

gold will soon trade at 250 a pound

K, I guess

Wed, 09/26/2012 - 19:22 | 2834012 goldfreak
goldfreak's picture

.

Wed, 09/26/2012 - 23:05 | 2834415 vast-dom
vast-dom's picture

 

 

 

zirp = malignant

krugman / bernanke = malignant  narcism

Wed, 09/26/2012 - 14:02 | 2832856 kito
kito's picture

......and...cue the $8 egg

Wed, 09/26/2012 - 14:13 | 2832903 Bay of Pigs
Bay of Pigs's picture

Give it up on the gold threads kito. Quit embarrassing yourself.

And btw, a gallon of milk in Maui is $8 now at some grocery stores.

Wed, 09/26/2012 - 14:24 | 2832929 akak
akak's picture

For the deflationists, gold is both their Pandora's box and their kryptonite.

Wed, 09/26/2012 - 14:50 | 2833016 Grinder74
Grinder74's picture

What if their Pandora's box was made of lead and there was kryptonite inside it?

Wed, 09/26/2012 - 15:14 | 2833070 akak
akak's picture

What if WonderDog finally succumbed to carnal desire and had pure animal sex with Polly Purebread --- would he still be genitally locked to her for 30 minutes afterward like a normal canine?

Deep mysteries.

Wed, 09/26/2012 - 14:06 | 2832877 Brother Sebastian
Brother Sebastian's picture

Becky likes Warren's "gold finger."

Wed, 09/26/2012 - 16:06 | 2833330 johnnymustardseed
johnnymustardseed's picture

68 feet squared.... the size of Becky's vagina?

Wed, 09/26/2012 - 14:11 | 2832896 azzhatter
azzhatter's picture

does squicky respond when senile warren fondles her?

Wed, 09/26/2012 - 14:40 | 2832989 Canadian Dirtlump
Canadian Dirtlump's picture

Fondling has long been a passion of his, along with a great percentage of the rich and ruling class - by that I mean paedopilia.

 

http://educate-yourself.org/cn/franklincoverupexcerpt.shtml

 

in the franklin cover up from the 80s featuring sexual abuse of children - mr buffett's name came up in some measure.

Wed, 09/26/2012 - 15:05 | 2833068 12ToothAssassin
12ToothAssassin's picture

Thats how you create the sociopaths that will run the world... And keep your family in power.

Wed, 09/26/2012 - 13:52 | 2832808 MsCreant
MsCreant's picture

We like our troll! He funny! 

Wed, 09/26/2012 - 14:00 | 2832850 strannick
strannick's picture

At least you dont have to pay him in gold/silver to do his dance, just stuff his maw with paper. Dance Monkey!

http://www.youtube.com/watch?v=IlQjTEeW51I

Wed, 09/26/2012 - 14:51 | 2833019 Grinder74
Grinder74's picture

I wonder if Kristen Stewart can stare him down and make him go away.

Wed, 09/26/2012 - 14:53 | 2833031 JonNadler
JonNadler's picture

thank you for your support MScreant!

Wed, 09/26/2012 - 16:18 | 2833396 TomJoad
TomJoad's picture

Hey MsC, good to see you. I haven't posted in forever, had to take a ZH sabattical.  The signal/noise ratio exceeded my personal limits. All is well.

 

Wed, 09/26/2012 - 19:44 | 2834061 MsCreant
MsCreant's picture

Glad to know it. I went through a major crisis, lost my home to a tree and tornado. I am rebuilt now and working out the finer details, but I am good too! I come and go myself.

Wed, 09/26/2012 - 14:22 | 2832928 TheCanadianAustrian
TheCanadianAustrian's picture

Pladizow, would you shut up already? You're like the goodie two shoes in a house party that scolds people for laughing at holocaust / dead baby / pedophilia jokes. Don't annoy the rest of us just because you're too thick to understand the style of humor.

Wed, 09/26/2012 - 14:26 | 2832939 lasvegaspersona
lasvegaspersona's picture

ok Plad

but you must know how much will power it is taking...

Wed, 09/26/2012 - 14:28 | 2832944 Meremortal
Meremortal's picture

I would think you would refute the troll's statement with facts.

 

I'll wait....

Wed, 09/26/2012 - 15:16 | 2833094 buckethead
buckethead's picture

I like this particular troll. With that in mind, there is actual truth in his post, so he falls a bit short today.

 

Gold is not a productive asset. The problem he fails to recognize within this post, which is basically his entire schtick, (his trolling serves as a mirror) is prudence dictates retaining value. The Fed will confiscate your currency, and banks/brokers/hedgies will eat you alive, unless you are among them, and even then you better be on your game.

 

I'm not in the junking business, except this once.

Thu, 09/27/2012 - 03:21 | 2834662 Bringin It
Bringin It's picture

Avoid Malinvestment.

Wed, 09/26/2012 - 13:50 | 2832802 Pure Evil
Pure Evil's picture

It's like Jesus said, Gold helps those that help themselves by investing in gold.

Wed, 09/26/2012 - 13:52 | 2832806 mick68
mick68's picture

That's it?

Wed, 09/26/2012 - 13:58 | 2832843 ParkAveFlasher
ParkAveFlasher's picture

I believe Jesus added, "bitchez"

Wed, 09/26/2012 - 14:03 | 2832859 hedgeless_horseman
hedgeless_horseman's picture

 

 

"You said it, man. Nobody fucks with the Jesus."

Wed, 09/26/2012 - 14:29 | 2832947 Midas
Midas's picture

I'd appreciate it if he would bring me back my hubcaps...

Wed, 09/26/2012 - 15:29 | 2833138 CrockettAlmanac.com
CrockettAlmanac.com's picture

The phrase "God helps those who help themselves" is a popular motto that emphasizes the importance of self-initiative. The phrase originated in ancient Greece, occurring in approximately equivalent form as the moral to one of Aesop's Fables, Hercules and the Waggoner, and later in the great tragedy authors of ancient Greek drama. Although it has been commonly attributed to Benjamin Franklin, the modern English wording appears earlier in Algernon Sidney's work. The phrase is often mistaken for a Bible quote, but it appears nowhere in the Bible. Some Christians have criticized the expression as being contrary to the Bible's message of God's grace.

 

http://en.wikipedia.org/wiki/God_helps_those_who_help_themselves

Wed, 09/26/2012 - 15:41 | 2833198 akak
akak's picture

 

I'd appreciate it if he would bring me back my hubcaps...

Since they were engraved with the name "Cesar", Jesus rendered unto Cesar accordingly.

Wed, 09/26/2012 - 16:58 | 2833559 RichardP
RichardP's picture

Nice.

Wed, 09/26/2012 - 15:43 | 2833205 buckethead
buckethead's picture

Is there still a market for hub caps? Well, I suppose spinning hubcaps...

Wed, 09/26/2012 - 14:00 | 2832848 Pure Evil
Pure Evil's picture

Bizarro!

Wed, 09/26/2012 - 13:56 | 2832826 What is The Hedge
What is The Hedge's picture

Still laughing. Loved it!!!

Wed, 09/26/2012 - 14:47 | 2833006 mick_richfield
mick_richfield's picture

If I recall correctly, Jesus said:

Render unto Caesar what is Caesar's.  But it looks like this American Gold Eagle says 'Liberty' on the front.  So there you go.

Wed, 09/26/2012 - 17:12 | 2833603 RichardP
RichardP's picture

 

And this also:

And Jesus said unto them, "And whom do you say that I am?"

They replied, "You are the eschatological manifestation of the ground of our being, the ontological foundation of the context of our very selfhood revealed."

And Jesus replied, "Wha ... ?"

 

Wed, 09/26/2012 - 14:53 | 2833029 Grinder74
Grinder74's picture

Jesus didn't say that.  But Mohammed did say, "An ounce of gold is worth a dozen 9-year old brides."

Wed, 09/26/2012 - 15:22 | 2833119 are we there yet
are we there yet's picture

He Also married one of his own biological daughters as part of his harem.  Not a secret. So many creepy things from that guy.

Wed, 09/26/2012 - 15:33 | 2833150 CrockettAlmanac.com
CrockettAlmanac.com's picture

Abraham married his sister. Mary was likely about twelve years old when she became pregnant and married Joseph.

Wed, 09/26/2012 - 17:22 | 2833653 RichardP
RichardP's picture

Sarah was Abraham's half-sister.  Same father; different mothers.  Around that time it was acceptable to take half-sister as first wife and cousin as later, second wife.

Wed, 09/26/2012 - 17:29 | 2833684 CrockettAlmanac.com
CrockettAlmanac.com's picture

If the "it was acceptable at that time" excuse works for Abraham then it ought to work for Mohammed as well.

Wed, 09/26/2012 - 20:51 | 2834201 RichardP
RichardP's picture

Whatever you are refering to, was it acceptable at the time of Mohammed?

My point of acceptability includes the fact that there were other kings/leaders of people at the time of Abraham who had a half-sister as first wife and in later years a cousin as other wife.  Whatever you are refering to with Mohammed, can you point to other notables at his level doing the same thing at that time?

Thu, 09/27/2012 - 04:43 | 2834691 CrockettAlmanac.com
CrockettAlmanac.com's picture

The betrothal of girls to adult males has been common in many times and places including the Middle East in the 7th century.

Wed, 09/26/2012 - 13:53 | 2832814 CPL
CPL's picture

It started strong but lost the usual twist in the end.

 

Maybe something like.

 

Sock “investors” do absolutely nothing for this country whatsoever.  Hoarding socks instead of investing in hoserie and stockings demonstrates a sick narcissism and complete disregard for building the economy. Real investors actually help people by investing in blue sock companies employing thousands of Americans, or buying US Socks and enabling the government to do its job. What do sock investors do to help the economy? Absolutely nothing. Unlike real investors sock hoarders are purely in it for themselves, and serve no purpose to society whatsoever.

I think it needs a rewrite though.. 

Wed, 09/26/2012 - 13:59 | 2832846 zendome
zendome's picture

How about:

 

Lemon wedge “investors” do absolutely nothing for this country whatsoever.  Hoarding lemon wedges instead of investing in highballs and sparkling water demonstrates a sick narcissism and complete disregard for building the economy. Real investors actually help people by investing in yellow lemons employing thousands of Americans, or buying US Lemons and enabling the government to do its job. What do lemon wedge investors do to help the economy? Absolutely nothing. Unlike real investors lemon wedge hoarders are purely in it for themselves, and serve no purpose to society whatsoever.

Wed, 09/26/2012 - 14:10 | 2832894 Random_Robert
Random_Robert's picture

Fucking awesome.

Wed, 09/26/2012 - 14:05 | 2832868 Leopold B. Scotch
Leopold B. Scotch's picture

Maybe we all need to give savers more props, but that always falls on deaf ears among the consumption is resurection crowd.

You can't blame a saver for trying to protect his past sacrifice reflected in savings.  Unless you're looking to loot from that there saver.

Wed, 09/26/2012 - 14:11 | 2832878 RSBriggs
RSBriggs's picture

Maybe substitute "Lingerie" for socks?  Or, maybe, combine with the lemon post, and use an underwear themed "lemon wedgies"?  Or lemon flavored Lingerie?  Sorry - I really suck at doing re-writes.

Wed, 09/26/2012 - 14:34 | 2832960 EvlTheCat
EvlTheCat's picture

Sorry, I disagree. Anyone suggesting lingerie and/or women's underwear as a suitable substitute for stocks is an astute rewriter in my book.  If you make them edible then cover the female performers in gold leaf we can submit a preview screening to the high end adult entertainment market. We'll call it "Buffett The Bullion Slayer Versus The Glistening Gold Cube".

Wed, 09/26/2012 - 13:55 | 2832819 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Gold is not an "investment".  Gold is "insurance" against the malevolence of governments and the ignorance of individuals such as you.  Have a nice day playing with your paper assets!

Tuco

Wed, 09/26/2012 - 15:05 | 2833067 silverserfer
silverserfer's picture

Gold is a physical manifestation of truth and endurance. Cream rises to the top and gold has over 1000's of years proven itself to be the perfect store of value for a man's labors. Seek truth and rightousness  in what you do and you will find silver and gold set you free.

Wed, 09/26/2012 - 13:57 | 2832831 A82EBA
A82EBA's picture

It's how you say '..take your TARP, bailouts. endless QE and central planning..and SHOVE IT'

Wed, 09/26/2012 - 16:22 | 2833411 grid-b-gone
grid-b-gone's picture

Yep, gold can't be TARPed.

Wed, 09/26/2012 - 13:57 | 2832833 Elmer Fudd
Elmer Fudd's picture

MDB, just to be clear, you realize that secondary market purchasers of bonds and equities aren't really putting money into companies or govt coffers, right?   Just trying to understand your level of knowledge about how the capital markets work.

Wed, 09/26/2012 - 16:45 | 2833511 hapless
hapless's picture

"Just trying to understand your level of knowledge about how the capital markets work."

Really? I thought his/her/its level of understanding is fairly obvious.

Wed, 09/26/2012 - 17:34 | 2833708 RichardP
RichardP's picture

Elmer, I get your larger point.  But, for those who may not be clear on this - assume you have equity in Company A and have a desparate need to exchange the equity for money.  If nobody will buy those securities from you and Company A buys them, Company A will have less cash.  If I buy those securities from you, Company A gets to keep its cash.  So - the secondary market doesn't put more money into the companies coffers, but it acts in a way that allows companies to keep the money they have.

It is not too much of a stretch to think that, without a secondary market, companies would have a difficult time selling bonds or equities without some sort of promise to buy them back under defined circumstances such as emergencies.  That creates a level of financial uncertainty for the company that the secondary  market serves to take away.

Wed, 09/26/2012 - 19:13 | 2833985 Elmer Fudd
Elmer Fudd's picture

RP, sure, the secondary market (used to?) exists as a pricing mechanism where we all (used to?) try and put a valuation on a business entity, and sure, I'll agree that as a pricing mechanism, it serves the function of putting a value on the equity-issuing or debt capacity of said entity.  

But so many people confuse the primary market functions with secondary market functions I had to raise the point.  

 

 

Wed, 09/26/2012 - 23:06 | 2834420 RichardP
RichardP's picture

Yes.  I was adding to what you were saying, rather than taking issue with it.

Wed, 09/26/2012 - 13:57 | 2832835 MsCreant
MsCreant's picture

MDB,

I'll bite. Let's see if you can stay in character. Let's see if you can respond to a genuine question.

Is there not a time to withdraw support from the system? If investors cannot trust the market place (because of market manipulation and outright theft and vaporization), is it not time to shut down the market place and withdraw participation? And if one seeks to do that, doesn't gold and silver and the like serve a very important market function by storing value until such a time as the sytem is permitted to fail, and be reborn? 

Wed, 09/26/2012 - 14:36 | 2832936 Solon the Destroyer
Solon the Destroyer's picture

Hi MsCreant,

Love MDB's spooferino posts as do you, but I think his sarcasm makes the point your response misses:

How is investing in gold removing it from the marketplace?  It is in fact preserving capital for the marketplace.  We are actually doing the world a duty and by acting in our self-interest, also acting selflessly (is that the invisible reach-around??).

We may be removing that capital from the present financial system, but we are not removing it from the greater economy or the world in general. In fact we are preserving it so that our economies may rise once again.

Wed, 09/26/2012 - 14:37 | 2832968 MillionDollarBonus_
MillionDollarBonus_'s picture

You know, I don't entirely disagree with your central point. There have been times where I've been frustrated with my equity portfolio performance, and I've thought: "wouldn't it be great to just put everything into US Treasuries and just go off the grid?". I understand that feeling - I really do.

But then I realized something important. Pessimistic negative thinking is a self-fulfilling prophecy. If everyone piled into gold and silver, then credit would collapse and everything would crash, just as you feared. Storing value as dollars in the bank however, allows the bank to create credit to finance growth and spending. Investing in stocks and bonds produces real tangible value and reduces the chance of your apocalyptic scenario. I choose to be part of the solution, not the problem, and if I go down with the ship, at least I’ll be remembered as hero, and not a selfish goldbug trying to profit from the misery of others.

Wed, 09/26/2012 - 14:38 | 2832984 Bay of Pigs
Bay of Pigs's picture

LOL, the ultimate ZH sock puppet.

Sorry, you're not fooling me MDB.

Wed, 09/26/2012 - 14:55 | 2833038 akak
akak's picture

Well, Tyler needed somebody as the obligatory bad guy and lightning rod for indignation here, after the ZH demise of JohnnyBravo, RedNeckRepugnicants (and assorted sockpuppets), Leo Kolinasskiss, RobotLemming and Robert Bruschetta.

To paraphrase a famous quote, "If the trolls did not exist, ZeroHedge would have to create them".

Wed, 09/26/2012 - 15:07 | 2833073 fuu
fuu's picture

I miss Rubber Balls.

Wed, 09/26/2012 - 15:18 | 2833106 akak
akak's picture

Leo was much more fun to mock in his Keynesian and statist insanity, though.

His self-indulgent pity fests, however, were squalid and embarrassing in the extreme.

Wed, 09/26/2012 - 15:32 | 2833145 Bay of Pigs
Bay of Pigs's picture

And what ever became of Spaulding Smailes and William the Bastard?

Wed, 09/26/2012 - 15:57 | 2833219 akak
akak's picture

Somewhere, on a basement computer, an unshaven, pajama-clad, gold-hating troll checks the prices of silver and gold on Kitco and howls at the moon ....

"But, but, but, the shit is everywhere
And it only costs $5 to dig from the ground!"

Wed, 09/26/2012 - 21:01 | 2834216 Crisismode
Crisismode's picture

Ah, you would be referring to Jon Nadler, no doubt?

 

Wed, 09/26/2012 - 22:55 | 2834404 Bay of Pigs
Bay of Pigs's picture

No, that was a Math Man quote. Hes long gone too.

Thu, 09/27/2012 - 01:17 | 2834564 Burnbright
Burnbright's picture

You know it is funny that you guys mention it, what did ever happen to robotrader? That guy was around since zerohedge was a blog. I am a little shocked that I do not see him around more.

Thu, 09/27/2012 - 12:31 | 2835742 akak
akak's picture

His user account no longer exists, which indicates that he has been banned.

But honestly, was "he" ever anything more than the shallow, kneejerk stocks pimp and troll that I remember him to be?  I always assumed that RobotTrader was just a sockpuppet which Tyler(s) used to antagonize us just for fun.

Wed, 09/26/2012 - 14:40 | 2832986 Solon the Destroyer
Solon the Destroyer's picture

LOL.

Well the system is going to go down anyways, whether you leave your capital in it or not -- this is a mathematical certainty.  You can come to grips with that certainty and be a hero and preserve your capital for your family and your community, or you can succumb to the grand confidence game and participate in the crash.

We call those people suckers.

Wed, 09/26/2012 - 14:55 | 2833035 Abitdodgie
Abitdodgie's picture

MDB how is your Facebook stock working out , your spawn most be real proud of daddy.

Wed, 09/26/2012 - 15:42 | 2833194 Temporalist
Temporalist's picture

MDB already has an alterego that is a Super Hero in his own mind and his name is MarketDunceBagholder.  His motto is "Holding the bag till the very end!"

Wed, 09/26/2012 - 16:12 | 2833363 CCanuck
CCanuck's picture

I now understand your solution, does your facebook investment count as a charitable donation to the economy and country?

So you help the economy with your investments?

MDB you are a swell guy, giving till it hurts eh?

 

Wed, 09/26/2012 - 16:33 | 2833457 HeliBen
HeliBen's picture

Greatness.

Wed, 09/26/2012 - 16:55 | 2833552 KingTut
KingTut's picture

Fine.  Be the solution!  I'll be sure to drop a $100 bill into your tin cup when I see you begging on the street. Too bad it won't buy you a cup of coffee.  

Wed, 09/26/2012 - 17:34 | 2833710 enoch_root
enoch_root's picture

Actually it is very selfish to presume you as an individual can somehow change the direction of massive economic forces, not to mention arrogant, narcissistic and delusionary.

 

The end has already been written with mathematics long ago, by others, when they made greedy, hasty choices like Fed. Res. 'banking systems', 'elastic money' and Social Security 'safety nets'. Don't be fearful of the future, feel the universal force washing over you, cleansing through you (like an enema).

 

Embrace the collapse.

 

 

Wed, 09/26/2012 - 17:39 | 2833735 RichardP
RichardP's picture

You don't have children, do you.

Wed, 09/26/2012 - 14:04 | 2832863 debtor of last ...
debtor of last resort's picture

Society has been raped, and gold is the judge.

Wed, 09/26/2012 - 14:05 | 2832866 Robert-Paulson
Robert-Paulson's picture

source: douche

Wed, 09/26/2012 - 14:08 | 2832883 Dickweed Wang
Dickweed Wang's picture

FA Q ES OL

Wed, 09/26/2012 - 14:49 | 2833014 Beam Me Up Scotty
Beam Me Up Scotty's picture

"Gold “investors” do absolutely nothing for this country whatsoever.  Hoarding gold instead of investing in bonds and equities demonstrates a sick narcissism and complete disregard for building the economy. Real investors actually help people by investing in blue chip companies employing thousands of Americans, or buying US treasuries and enabling the government to do its job. What do gold investors do to help the economy? Absolutely nothing. Unlike real investors Gold hoarders are purely in it for themselves, and serve no purpose to society whatsoever."

So I suppose savers would fit into this category as well?  Are you calling out the people who are trying to save?  Whether someone saves their "money" which is nothing more than a representation of their labor in a bank account, in a coffee can, in gold or silver, or dog turds, what business of it of yours to tell them how to save their money?  Perhaps they are saving for a college education, or for a rainy day, so they don't have to beggar the government/fellow taxpayer.

Fuck off MDB.  I don't care if you are posting your shit for real, or sarcasm.  You are a dick.

Wed, 09/26/2012 - 18:24 | 2833855 Oldrepublic
Oldrepublic's picture

Maybe some of the readers here are not familiar with the name of Howard Buffet, the father of Warren Buffet, if not not they should read he said  about gold and freedom:

http://www.lewrockwell.com/orig12/buffett1.1.1.html

Wed, 09/26/2012 - 14:51 | 2833021 Gold N Glocks
Gold N Glocks's picture

Let's see...I help the gold/silver dealer keep his employees employed and if he also pays rent, I'm helping his/her landlord.  He uses lights which keeps the local utility running and probably feeds his family which helps the local grocers, restaruants etc.  Same for his employees.  If I buy a safe to "hoard" my gold/silver, I've just helped that business too.

I suppose I could go on and on and on, or, you could just pick up a copy of a wonderful book written many years ago by a Mr. A. Smith, titled Wealth of Nations and educate your dumb ass.

BTW, if the government were really doing it's job, it wouldn't need any help as it already has an excess of funds for it's true and LIMITED powers/duties.  Dumb ass.

 

Wed, 09/26/2012 - 14:52 | 2833027 ilovefreedom
ilovefreedom's picture

So HFT are superhuman patriot heroes?

Wed, 09/26/2012 - 14:58 | 2833046 silverserfer
silverserfer's picture

so are you saying that we should get rid of central banks?

Wed, 09/26/2012 - 15:04 | 2833064 KingTut
KingTut's picture

Well put.  You have to save your own ass, because nobody else will!

Wed, 09/26/2012 - 15:08 | 2833078 bmwm395
bmwm395's picture

Sounds like your talking about Obama

Wed, 09/26/2012 - 15:13 | 2833090 Againstthelie
Againstthelie's picture

Yeah, and the workers profit the most, because the profit of thier company is tranferred to the shareholders.

If 50% or 75% of the profits of a company would be given to those, who really made th eprofit with their work and labor, then i could follow this argumentation.

But in this system the profits are almost completely transferred from the hard-working to the non-working parasites.

Wed, 09/26/2012 - 15:20 | 2833109 techstrategy
techstrategy's picture

You delude yourself into thinking that investing in the capital markets helps companies.  It doesn't.  All of the "value" is captured in the form of HFT taxes and fund manager fees.  

 

If you want to "invest" and add value, invest in private startups developing solutions to the more intractable problems of today.  I know a few hundred private nano companies that could use some investment right now, but our capital markets have killed LT investment in game changing scientific innovation...  

Wed, 09/26/2012 - 15:20 | 2833111 holgerdanske
holgerdanske's picture

What a lot of nonsense. What I do with my money is my choice. And if I don't trust the government, the fiat system and the reservebank, then I buy gold. And I don't, and I don't and I don't and I did!!!

 

Wed, 09/26/2012 - 15:21 | 2833115 jomama
jomama's picture

2/10

Wed, 09/26/2012 - 15:38 | 2833134 EvlTheCat
EvlTheCat's picture

Again, you miss the purpose of gold investment.  The purpose is so we are not a further burden on the current stumbling bureaucracy.  You fail to realize we are already willing patriots by paying our taxes for past State burdens, while procreating future generations to pay for the current government promises to Wall Street and the poor.  We see the necessity, for us, to remove ourselves because we are the problem, through our responsible consumption and savings.  What you cannot understand is we are allowing the current malfeasance and malinvestment to continue unchecked, so The Bureaucracy can reach its full potential.  Why hate us, when we remove the barriers to progressive central planning?  Print all the fiat you want!  We will continue to help stimulate the economy by purchasing our assets from small businesses and making a it a growth industry.  This in turn will make small business loans for similar business necessary.  This way Wall Street can receive its corporate welfare, the poor theirs, and we will continue to provide for our family welfare without being a burden on The Bureaucracy.  I think its a win win win situation, and you are being negative and condescending to true American heroes.

Wed, 09/26/2012 - 16:07 | 2833335 CCanuck
CCanuck's picture

The "Real Investors" did not build that economy!

 

Wed, 09/26/2012 - 16:14 | 2833370 Vuke
Vuke's picture

Gold "investors", by investing in gold equities, create thousands of jobs for geologists and technicians while advancing knowledge of the earth's geological structure.  They also create hundreds of thousands of diffferent jobs, from mining to jewelery.

Best of all, these jobs instill a sense of what a dollar is really worth.  Instead of creating dollars by a few clicks of a keyboard gold pins the value of that dollar against the effort to create its true underlying value; that being the work required to back it by gold.

Wed, 09/26/2012 - 16:51 | 2833528 hapless
hapless's picture

.

Wed, 09/26/2012 - 16:53 | 2833541 hapless
hapless's picture

.

Wed, 09/26/2012 - 16:53 | 2833544 hapless
hapless's picture

?

Wed, 09/26/2012 - 17:03 | 2833576 Sovereignbeing
Sovereignbeing's picture

I guess I could always invest in banksters. I'm sure they would "actually help people." And they will probably "help the economy" too.

Wed, 09/26/2012 - 17:14 | 2833628 Pumpkin
Pumpkin's picture

Real investors actually help people

 

It seems you have investors confused with a philamperist.  Investors want to make money, or at the very least perserve money.  

Wed, 09/26/2012 - 23:13 | 2834425 GoinFawr
GoinFawr's picture

so they persevere at preserving, but not perversely?

Wed, 09/26/2012 - 18:50 | 2833927 prodigious_idea
prodigious_idea's picture

We don't usually see a reply to questions posed to MDB, but perhaps this one:  If the static nature of gold impedes growth in the economy, what is the impact of holding cash?  And if "hoarding" cash impedes economic growth, then shouldn't your criticism be harshest for the $1.7 trillion held by domestic corporations (http://www.federalreserve.gov/releases/z1/Current/)?

Wed, 09/26/2012 - 19:21 | 2834009 deKevelioc
deKevelioc's picture

Hey everyone, all together now: And justice for all

Wed, 09/26/2012 - 21:30 | 2834264 steelrules
steelrules's picture

"Unlike real investors"

Do you mean like Blankfein and Diamon when they say "we're doing Gods work"

Wed, 09/26/2012 - 21:32 | 2834272 Paul Bogdanich
Paul Bogdanich's picture

Whomever did the below ground reserves part is a propagandist.  That figure is lower than proven reserves for western financial statement purposes let alone all the unmined reserves in Russia, South Africa, Mexico and other reserves to be found elsewhere.  It's like all these people screaming peak oil based solely on Arabian oil output right before we hit the shale reserves.  There is a lot of gold especially in Russia which is also why the gold standard will never happen.  All those headlines about Russia adding gold to their reserves.  Yes they do but they don;t buy and ounce off of world supply.  That's the excess of their production on top of what they add to world supply 

Wed, 09/26/2012 - 22:55 | 2834402 Bansters-in-my-...
Bansters-in-my- feces's picture

Wow...! 44 trolls signed in with MDB.

Goverment employees hard at it.

Make me puke.

Thu, 09/27/2012 - 00:56 | 2834547 SafelyGraze
SafelyGraze's picture

you can't eat farmland

Wed, 09/26/2012 - 13:50 | 2832803 AlaricBalth
AlaricBalth's picture

This guy really loves gold!!! Beware of Dutch evildoers who love gold so much they lose their genitalia in unfortunate "schmelting" accidents.

http://www.youtube.com/watch?v=sr0gNJ090JA

Wed, 09/26/2012 - 13:45 | 2832780 Stackers
Stackers's picture

I cant imagine who or what would or could respond to Buffet's geriatric fondling

Wed, 09/26/2012 - 13:59 | 2832821 franzpick
franzpick's picture

Yes, the Oriface of Omaha fondled a silver cube much bigger than this, and in the short span from $6 to $7.50 the cube disappeared.  PM to this man means time to go to sleep.

Wed, 09/26/2012 - 14:20 | 2832925 Karlus
Karlus's picture

Uhhh, "What is Becky Quick," Alex?

Wed, 09/26/2012 - 13:46 | 2832784 Pladizow
Pladizow's picture

Doop

Wed, 09/26/2012 - 13:55 | 2832820 CPL
CPL's picture

While at Zero Hedge please enjoy you complimentry duplicate post.  This is part of the guest services here at ZH.  Thank you and enjoy your stay.

Wed, 09/26/2012 - 14:21 | 2832930 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Enjoy your complimentary spelling error.  But you do alright without eyes.

Wed, 09/26/2012 - 14:30 | 2832956 akak
akak's picture

Actually, it is "all right", not "alright", which is not a word.

Good grammar: Yes we can!

Wed, 09/26/2012 - 15:28 | 2833129 bank guy in Brussels
bank guy in Brussels's picture

Actually, 'alright' is indeed a proper English word, of quite well-established lineage for more than a century, since at least 1887, according to Webster's, quoting Gertrude Stein on the subject:

« The one-word spelling alright appeared some 75 years after all right itself had reappeared from a 400-year-long absence. Since the early 20th century some critics have insisted alright is wrong, but it has its defenders and its users. It is less frequent than all right but remains in common use especially in journalistic and business publications. It is quite common in fictional dialogue, and is used occasionally in other writing »

Wed, 09/26/2012 - 15:40 | 2833192 NoTTD
NoTTD's picture

Also, "spelling" and "grammar" are two different things.

Wed, 09/26/2012 - 15:50 | 2833245 akak
akak's picture

No they ain't.

Wed, 09/26/2012 - 19:56 | 2834083 putaipan
putaipan's picture

'aiight.

Wed, 09/26/2012 - 13:48 | 2832792 Stoploss
Stoploss's picture

That's a confiscation cube. See, the official sector only has 30% of the gold, after they seize the "other" assets.

Private sector gots 70% of the gold, and the official sector is pissed.

Wed, 09/26/2012 - 13:57 | 2832830 strannick
strannick's picture

Buffet needs to find a recipe book for what sauces and side dishes go with Dollars.

Wed, 09/26/2012 - 15:28 | 2833135 LongSoupLine
LongSoupLine's picture

Gold?!...phhttt...

Gimme some of them awesome Camden, NJ muni bonds...cha-ching baby.

Wed, 09/26/2012 - 13:42 | 2832751 fuu
fuu's picture

We're going to need a bigger garment.

Wed, 09/26/2012 - 14:58 | 2833049 krispkritter
krispkritter's picture

I'm going to need a bigger canoe...

Wed, 09/26/2012 - 15:41 | 2833197 NoTTD
NoTTD's picture

I'm going to need a bigger backyard.

Wed, 09/26/2012 - 16:26 | 2833429 fuu
fuu's picture

The 3 of us should form some sort of Simian Salvage Services company...

Wed, 09/26/2012 - 23:47 | 2834492 MsCreant
MsCreant's picture

Monkey shines!

I was trying to think of three gold monkeys and what they would do.

See evil,

Hear evil,

Buy gold?

Needs work.

Thu, 09/27/2012 - 09:18 | 2835073 fuu
fuu's picture

See the beast, starve the beast, buy gold?

Do NOT follow this link or you will be banned from the site!