steel_ag
25th May 2011, 10:24 AM
http://www.youtube.com/watch?v=FB0NeglLwVI&feature=related
"Well I have a sense of humor for gold, because I consider it to be a store of wealth and a form of insurance, rather than a commodity that you use to build things out of. I sleep nights and stay calm, better, owning gold. I'm in the odd position of owning a fair bit of gold and hoping it doesn't go up in price. [Why so?] The set of circumstances that would cause gold to go to $2000 an ounce would be so unsettling, that it would change my way of life, and my way of life is very good. Gold is catastrophe insurance. And, I don't have any policy that I know of in the world that I want to get paid off on. Life insurance assumes someone died, auto insurance assumes that you've had a traffic accident, house insurance assumes that your house burnt down. You want to make sure that you get paid if something goes wrong, but you would prefer, not to collect on the policy. Gold for me is catastrophe insurance and I would really prefer to avoid catastrophe."
"Well I have a sense of humor for gold, because I consider it to be a store of wealth and a form of insurance, rather than a commodity that you use to build things out of. I sleep nights and stay calm, better, owning gold. I'm in the odd position of owning a fair bit of gold and hoping it doesn't go up in price. [Why so?] The set of circumstances that would cause gold to go to $2000 an ounce would be so unsettling, that it would change my way of life, and my way of life is very good. Gold is catastrophe insurance. And, I don't have any policy that I know of in the world that I want to get paid off on. Life insurance assumes someone died, auto insurance assumes that you've had a traffic accident, house insurance assumes that your house burnt down. You want to make sure that you get paid if something goes wrong, but you would prefer, not to collect on the policy. Gold for me is catastrophe insurance and I would really prefer to avoid catastrophe."