In the global market for commodities and precious metals, gold gets all the attention. And for good reason: the price has skyrocketed in 2011. It's the 'media darling' yet there's a drawback: gold has limited practical uses. Yes-there's a big demand in China and India for gold: according to the world gold council, India bought 540 tons of gold in the first half of 2011, an increase of nearly 20%.
However, noted investor Warren Buffett said this about gold.
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