Buiter on gold, Bitcoin and subjective value

Someone once wisely said, “if you love something, let it go. If it returns, it’s yours; if it doesn’t, it never was.”

But as Willem Buiter, chief economist at Citi, points out on Thursday, that’s not the message those with a tendency for passion investments seem to have ever received. They want to imprison the thing they love most and keep them in a dark dingy basement.

Buiter on gold, Bitcoin and subjective value