Chapter 1120 Golden Cube

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The three of them sat down, all the servants stepped back, and Carson stood guard not far from the living room, waiting for them at any time.

Joe Lewis drank the fragrant black tea, opened his mouth and said, "Jason, how did you think about the plan I mentioned to you last time?"

Yang Cheng smiled indifferently. Compared with Joe Lewis' haste, he looked extremely calm. He sipped the tea soup unhurriedly, then glanced at Price, who was sitting upright, and then said, "Very Sorry, my funds are relatively tight, and I recently acquired a national brand company from country Z, which took up a large amount of my liquidity, and it is difficult to have spare energy to exert strength in the financial market."

Anyone can tell that this is clearly a polite refusal.

But Joe Lewis ran so far, came to Shao Desen from London, not to listen to Yang Cheng's rejection.

Anyway, he was already mentally prepared, no matter what Yang Cheng said, he had to show the greatest sincerity or bait to lure Yang Cheng to board the boat together.

But Yang Cheng is an ordinary person, how could he fail to guess what Joe Lewis was thinking?

So he didn't give him a chance to speak at all, instead he looked at Price and asked, "Mr. Price, compared to foreign exchange, what do you think of me buying gold?"

His question not only caught Lewis by surprise, but also made Price stunned for a moment. Then he looked at the two of them playfully, thought for a while and said, "I was originally a university teacher, and I was valued by Warren. I am proud to join his team, so any of my ideas must be based on being responsible for the company and Warren

From what I know of Warren, he has no interest in gold. "

There was no change on Yang Cheng's face, as if the answer had been expected.

Buffett is undoubtedly the only investment guru who has become the richest man through investment, but he is not interested in the profiteering gold, and he must be surprised to change it to other people.

But Yang Cheng's calmness made Price elusive. Could it be that Yang Cheng also knows Buffett very well?

Yang Cheng doesn't know much about Buffett, but when he was bored, he often read biographies of famous people and forcibly instilled chicken soup for his soul. Among them, Buffett's legendary life was the most he read.

The old stock god has said more than once in public or private occasions: Investors should not invest in gold blindly. Buying gold is worse than buying stocks.

Being a member of Buffett's think tank would naturally not deviate from the purpose of the boss, so Yang Cheng was not surprised by Price at all.

With doubts, Price asked back, "Mr. Yang is going to speculate in gold?"

Yang Cheng neither admitted nor denied, "It's just some discussions. I like to study problems with a master like you."

Price couldn't help smiling. The greatest wish of an academic expert in his life is to be famous in history. Otherwise, why would he give up his school job and join Buffett's team? money? Perhaps it is on the one hand, but the professor level of the Ivy League University in the United States can earn a lot. If it is only for money, he has more ways, why follow Buffett? Isn't it aimed at the name of other people's stock gods?

Fortunately, he is also a person who often spreads knowledge to the world's richest man, so he won't get dizzy because of Yang Cheng's little flattery.

However, looking at Yang Cheng's good attitude, Price is going to say a few more words, "I admit that the performance of gold has been very eye-catching recently. In view of the major events that may occur in the next few months, gold will become the most shining in the eyes of global investment. bright items.

But if it’s me, I’m more inclined to choose a farm, a stock or an apartment or similar assets. If you have studied economics, you should know that these are the real interest-bearing assets.

To paraphrase Warren's example: If aliens see that people on earth value gold so much, they may want to break their heads but can't figure out why. Gold is dug out from the ground in Africa or other places, then melted and shaped, and then drilled. In the end, it was placed in the vault underground, and people had to spend money to protect it around the vault.

But it has no purpose at all, and it may be regarded as a function if it looks good when piled up together? "

Price's joke amused Joe Lewis, who was a little depressed, and Yang Cheng laughed a few times.

Seeing that the atmosphere was good, Price also opened up the conversation, "You know, the value of gold or precious metals is unpredictable. No one can guarantee that gold will always make money, but from now to the future, I can guarantee that Coca-Cola will definitely make money, and Warren will be in charge. Wells Fargo also makes a lot of money. The stocks of these excellent companies are like owning a hen that keeps laying eggs. Gold is like a hen that doesn't lay eggs and just sits there. And keep eating."

Yang Cheng smiled, and Price said that gold needs to eat, meaning that guarding a huge amount of gold requires insurance costs, storage costs, and so on.

Price added, "You can melt all the gold mined in the world together, that is, a golden cube with a length, width and height of nearly 21 meters, and then you have two choices, one is to own this golden cube, and the other is to At the current price of gold, sell this cube of gold for money that will allow you to buy all, hey listen, I'm talking all, not a portion of arable land in America, oh, plus 10 more A stake in ExonMobil, and another $1 trillion in cash flow.

Dear Jason, and Joe, which one would you choose for yourself? Which one will generate more value in the future? "

Price seemed to be back in the university classroom. He was giving a vivid financial class to his students, but the two students he faced could kill him even if it was a fraction of his entire net worth.

But this does not prevent him from continuing this unique financial class with his own humorous language.

"Anyway, I will definitely not choose to ask for the golden cube, I will choose to ask for all the arable land in the United States plus EssenMobil, plus one trillion in cash.

Why? Let's do some calculations. This golden cube with a length, width, and height of nearly 21 meters, according to the current gold price, has a market value of about $7 trillion, which is almost one-third of the market value of all U.S. stocks.

Such a choice is easy to make, right? After all, not everyone knows about EssenMobil. One option is to own one-third of the US stock market. The other option is to own a huge golden cube that can do nothing but shine golden and make you It felt like I owned a vault that was hard to move.

What else? Every time you want to buy something else, you have to cut off a piece of gold with a cutter knife and go to the store and throw it at the person: 'Hey, here, I'm going to buy your store. '

Then you will be sent to the hospital as a neuropathy. "

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