DislikedI wanted to say something about Buffet's quote on Gold. Though I am a great admirer of him, and I can understand his perspective, I am inclined not to agree with his opinion of Gold. What he says about Gold can be said about any asset class. The question is of entropy that has gone into producing the asset that gives its fundamental value. Gold is rare, hard to mine, and finite until we get off the planet. The amount of work that goes into mining, and refining gold has a bottom limit of $1000. Now say if I have $100,000 and i wanted to buy something...Ignored
Good post and agreed.
My take is that once the correction is over, we start a 3rd wave of a larger degree.... that's when the real gains will be made. The journey so far will look like a walk in the park.