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Information Overloader
Join Date: Mar 2003
Location: NW Lower Michigan
Posts: 29,801
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Buffett is not trading cash for gold.
He is trading high risk of eventual worthlessness (USD) for demonstrated history of value (Gold). This is not an income-generating decision. It’s a wealth-preservation decision.
If the dollar collapses, he has the gold. If the dollar doesn’t collapse, he has the gold.
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