Jul 29, 2015

Paul Brodsky on the value of gold: "It's intrinsically worthless" (2015)

It’s intrinsically worthless or intrinsically priceless.  You can build a financial model to value it, but every input is going to be your imagination.

~ Paul Brodsky, a former hedge-fund manager who now is a strategist at Macro Allocation, an investment-research and consulting firm in New York, quoted in "Let's Be Honest About Gold: It's a Pet Rock," WSJ, July 17, 2015

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