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ranbotrader
Member since May 2012
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Warren Buffett on gold

- James Turk - Goldmoney

Interesting table James. You need to go back at least another 20 to 30 years though is you want to make a valid point as a 10 year period cannot be used to draw the sort of conclusion you draw.

Commented 3984 days ago

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Beginning of the headline :Wall Street legend Warren Buffett has famously declared that gold is not an investment. He is correct, but he stopped halfway. He did not go on to say what gold really is, perhaps purposefully intending for people to draw their own conclusions. In my view, there is only one conclusion possible, because there are only two alternatives when it comes to allocating assets in any portfolio, whether that of an individual or an institution. Your assets are either an investment, which gold is not; or m... Read More

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