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Re: umiak post# 267

Saturday, 10/08/2011 12:05:26 AM

Saturday, October 08, 2011 12:05:26 AM

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"Now, for $7 trillion, there are roughly a billion of farm- acres of farmland in the United States. They're valued at about $2 1/2 trillion. It's about half the continental United States, this farmland. You could have all the farmland in the United States, you could have about seven ExxonMobiles, and you could have $1 trillion of walking around money. And if you offered me the choice of looking at some 67-foot cube of gold and looking at it all day, you know, I mean touching it and fondling it occasionally, you know, and then saying, you know, 'Do something for me,' and it says, 'I don't do anything. I just stand here and look pretty.' And the alternative to that was to have all the farmland of the country, everything, cotton, corn, soybeans, seven ExxonMobiles. Just think of that. Add $1 trillion of walking around money. I, you know, maybe call me crazy but I'll take the farmland and the ExxonMobiles."

~~Warren Buffett

http://www.moneyweb.co.za/mw/view/mw/en/page292681?oid=532605&sn=2009+Detail&pid=287226

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