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You Can't Eat It...But You Sure Can Trade It

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"Listening to the hoopleheads debate the intrinsic value of Gold or lack thereof is like watching professional soccer - there will only be one point made for every 27 hours or so worth of back-and-forth tedium," writes soccer-hater, or perhaps closeted Manchester United fan, Joshua Brown. "Ya can't eat it! Buffett says it's worthless! Crowded trade! Earns no interest! No proof that GLD owns the physical bullion!".

"To which I say who cares? Are you a trader or are you a central banker?"