Interesting feature from the Daily Mail here about investing in gold:
It has often come up in conversation but no one is ever sure quite how to do it.
And where would you keep it, under the mattress ? No thanks !!
The two amusing things I know about investing in gold:
- I've already heard the story of Gordon Brown selling off half of the UK gold reserves at $275 an ounce. By the time he left office gold was selling at $1,414 an ounce. So he had cost the country billions of £'s
- Warren Buffett is not a great lover of investing in gold, he described it as:
“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
Lol, I think he's trying to say, Gold has no intrinsic value ....
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