Billionaire investor Warren Buffett has dismissed gold as a valueless asset saying that it has no inherent value. In an article for Fortune magazine, Buffett said that gold investors were pinning their hopes on future demand.
Read More Here From The Telegraph
This all proves that sometimes the apple does fall far from the tree!
Human Freedom Rests on Gold
By HON. HOWARD BUFFETT
U. S. Congressman from Nebraska
Reprinted from The Commercial and
Financial Chronicle 5/6/48
Congressman Buffett stresses relation between
money and freedom and contends without a
redeemable currency, individual's freedom to
sustain himself or move his property is
dependent on goodwill of politicians. Says
paper money systems generally collapse and
result in economic chaos. Points out gold
standard would restrict government spending
and give people greater power over public
purse. Holds present is propitious time to
restore gold standard.
Read Howard's famous 1948 Essay On Human Freedom Rests On Gold