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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 | Link to Comment Grinder74
Grinder74's picture

But what would a tungsten cube look like?

Wed, 09/26/2012 - 13:46 | Link to Comment Pladizow
Pladizow's picture

Looks like the Borg Mother Ship - Resistance is futile!

Wed, 09/26/2012 - 13:46 | Link to Comment 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 | Link to Comment Pladizow
Pladizow's picture

DONT FEED THE TROLL!

No positive, No negative, No comments!

Wed, 09/26/2012 - 13:53 | Link to Comment 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 | Link to Comment BaBaBouy
BaBaBouy's picture

GOLD $50K Bitchezzz...

AND ... SILVER IS Up Today...

Wed, 09/26/2012 - 14:01 | Link to Comment BaBaBouy
BaBaBouy's picture

Repeat To Fiat MillionDallor ... GOLD $50K

Wed, 09/26/2012 - 14:27 | Link to Comment 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 | Link to Comment 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 | Link to Comment JonNadler
JonNadler's picture

me, disingenuous? come on!

 

Wed, 09/26/2012 - 15:48 | Link to Comment 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 | Link to Comment 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 | Link to Comment flacon
flacon's picture

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

Wed, 09/26/2012 - 23:01 | Link to Comment Thomas
Thomas's picture

I Buffetted through my nostriles.

Wed, 09/26/2012 - 14:51 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment silverserfer
silverserfer's picture

Sweet, Icant wait for $.13 gas again!

Wed, 09/26/2012 - 15:06 | Link to Comment 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 | Link to Comment Black Forest
Black Forest's picture

gold will soon trade at 250 a pound

K, I guess

Wed, 09/26/2012 - 19:22 | Link to Comment goldfreak
goldfreak's picture

.

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

 

 

 

zirp = malignant

krugman / bernanke = malignant  narcism

Wed, 09/26/2012 - 14:02 | Link to Comment kito
kito's picture

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

Wed, 09/26/2012 - 14:13 | Link to Comment 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 | Link to Comment akak
akak's picture

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

Wed, 09/26/2012 - 14:50 | Link to Comment 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 | Link to Comment 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 | Link to Comment Brother Sebastian
Brother Sebastian's picture

Becky likes Warren's "gold finger."

Wed, 09/26/2012 - 16:06 | Link to Comment johnnymustardseed
johnnymustardseed's picture

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

Wed, 09/26/2012 - 14:11 | Link to Comment azzhatter
azzhatter's picture

does squicky respond when senile warren fondles her?

Wed, 09/26/2012 - 14:40 | Link to Comment 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 | Link to Comment 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 | Link to Comment MsCreant
MsCreant's picture

We like our troll! He funny! 

Wed, 09/26/2012 - 14:00 | Link to Comment 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 | Link to Comment Grinder74
Grinder74's picture

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

Wed, 09/26/2012 - 14:53 | Link to Comment JonNadler
JonNadler's picture

thank you for your support MScreant!

Wed, 09/26/2012 - 16:18 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment lasvegaspersona
lasvegaspersona's picture

ok Plad

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

Wed, 09/26/2012 - 14:28 | Link to Comment 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 | Link to Comment 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 | Link to Comment Bringin It
Bringin It's picture

Avoid Malinvestment.

Wed, 09/26/2012 - 13:50 | Link to Comment 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 | Link to Comment mick68
mick68's picture

That's it?

Wed, 09/26/2012 - 13:58 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

I believe Jesus added, "bitchez"

Wed, 09/26/2012 - 14:03 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

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

Wed, 09/26/2012 - 14:29 | Link to Comment Midas
Midas's picture

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

Wed, 09/26/2012 - 15:29 | Link to Comment 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 | Link to Comment 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 | Link to Comment RichardP
RichardP's picture

Nice.

Wed, 09/26/2012 - 15:43 | Link to Comment buckethead
buckethead's picture

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

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

Bizarro!

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

Still laughing. Loved it!!!

Wed, 09/26/2012 - 14:47 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Random_Robert
Random_Robert's picture

Fucking awesome.

Wed, 09/26/2012 - 14:05 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment grid-b-gone
grid-b-gone's picture

Yep, gold can't be TARPed.

Wed, 09/26/2012 - 13:57 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment fuu
fuu's picture

I miss Rubber Balls.

Wed, 09/26/2012 - 15:18 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Crisismode
Crisismode's picture

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

 

Wed, 09/26/2012 - 22:55 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment HeliBen
HeliBen's picture

Greatness.

Wed, 09/26/2012 - 16:55 | Link to Comment 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 | Link to Comment 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 | Link to Comment RichardP
RichardP's picture

You don't have children, do you.

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

Society has been raped, and gold is the judge.

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

source: douche

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

FA Q ES OL

Wed, 09/26/2012 - 14:49 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment ilovefreedom
ilovefreedom's picture

So HFT are superhuman patriot heroes?

Wed, 09/26/2012 - 14:58 | Link to Comment silverserfer
silverserfer's picture

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

Wed, 09/26/2012 - 15:04 | Link to Comment KingTut
KingTut's picture

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

Wed, 09/26/2012 - 15:08 | Link to Comment bmwm395
bmwm395's picture

Sounds like your talking about Obama

Wed, 09/26/2012 - 15:13 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment jomama
jomama's picture

2/10

Wed, 09/26/2012 - 15:38 | Link to Comment 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 | Link to Comment CCanuck
CCanuck's picture

The "Real Investors" did not build that economy!

 

Wed, 09/26/2012 - 16:14 | Link to Comment 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 | Link to Comment hapless
hapless's picture

.

Wed, 09/26/2012 - 16:53 | Link to Comment hapless
hapless's picture

.

Wed, 09/26/2012 - 16:53 | Link to Comment hapless
hapless's picture

?

Wed, 09/26/2012 - 17:03 | Link to Comment 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 | Link to Comment 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 | Link to Comment GoinFawr
GoinFawr's picture

so they persevere at preserving, but not perversely?

Wed, 09/26/2012 - 18:50 | Link to Comment 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 | Link to Comment deKevelioc
deKevelioc's picture

Hey everyone, all together now: And justice for all

Wed, 09/26/2012 - 21:30 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment SafelyGraze
SafelyGraze's picture

you can't eat farmland

Wed, 09/26/2012 - 13:50 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Karlus
Karlus's picture

Uhhh, "What is Becky Quick," Alex?

Wed, 09/26/2012 - 13:46 | Link to Comment Pladizow
Pladizow's picture

Doop

Wed, 09/26/2012 - 13:55 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment NoTTD
NoTTD's picture

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

Wed, 09/26/2012 - 15:50 | Link to Comment akak
akak's picture

No they ain't.

Wed, 09/26/2012 - 19:56 | Link to Comment putaipan
putaipan's picture

'aiight.

Wed, 09/26/2012 - 13:48 | Link to Comment 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 | Link to Comment 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 | Link to Comment LongSoupLine
LongSoupLine's picture

Gold?!...phhttt...

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

Wed, 09/26/2012 - 13:42 | Link to Comment fuu
fuu's picture

We're going to need a bigger garment.

Wed, 09/26/2012 - 14:58 | Link to Comment krispkritter
krispkritter's picture

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

Wed, 09/26/2012 - 15:41 | Link to Comment NoTTD
NoTTD's picture

I'm going to need a bigger backyard.

Wed, 09/26/2012 - 16:26 | Link to Comment fuu
fuu's picture

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

Wed, 09/26/2012 - 23:47 | Link to Comment 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 | Link to Comment 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!