GOLDPAPERBASEDvs

"All the gold in the world would form a cube of 67 feet (20 meters)

on each side."

Warren Buffett

20 METER

20 METER

USELESS HUNK OF METAL

In doing so, he was attempting to argue that there was no point in owning gold since all the gold in the world would be an unproductive,

What's ironic and completely lost on the venerable Mr. Buffett is that you could make the same argument about the paper-based financial system.

It's a similar story with government debt, which exceeds

$56 TRILLIONWORLDWIDENow, it may be a cute thought experiment to blast gold as a useless hunk of metal.

FINANCIAL SYSTEMBut the reality is that gold will never require a taxpayer-funded bailout. It won't crash the financial system.

And it won't enslave future generations to higher taxes and inflation.

At least as a means of preserving assets over the long-run, 'useless' certainly beats 'destructive'.

ON THE BALANCE

It's estimated that the derivatives market now exceeds

in notional value.$1 QUADRILLION

$1,000,000,000,000,000

If you were to somehow accumulate and stack up $1 quadrillion.

The pile would be thousands of feet high and hundreds of yards long... much bigger than the cube of gold."

20 METER

20 METER