• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

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


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.


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.




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!


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.



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