Gold doesn't buy derivatives it doesn't understand. Gold doesn't depend upon AAA ratings from government-sponsored cartels; gold can't be destroyed by gamblers or liars or cheats. 2000 years from now, it is highly unlikely that Buffet's empire will still exist in any form. Gold, however, will exist 2 billion years from now, just as it is today.
I have no positions one way or the other. Mainly because I don't plan on living 2 billion years. If I did though...
Gold doesn't buy derivatives it doesn't understand. Gold doesn't depend upon AAA ratings from government-sponsored cartels; gold can't be destroyed by gamblers or liars or cheats. 2000 years from now, it is highly unlikely that Buffet's empire will still exist in any form. Gold, however, will exist 2 billion years from now, just as it is today.
I have no positions one way or the other. Mainly because I don't plan on living 2 billion years. If I did though...