[Answer] Legendary investor Warren Buffett said “Gold gets dug out of the ground….. 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.” Based on this quotation what quality of gold is he referring to?

Answer: Its storage costs
Legendary investor Warren Buffett said “Gold gets dug out of the ground….. 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.” Based on this quotation what quality of gold is he referring to?

Peter Ferdinand Drucker (/ ˈ d r ʌ k ər /; German: ; November 19 1909 – November 11 2005) was an Austrian management consultant educator and author whose writings contributed to the philosophical and practical foundations of the modern bus…

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