Warren Buffett once said that gold “has no utility.” “(Gold) gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. In this video, Warren Buffett explains why he’d bet against Gold. He elaborates that gold is an unproductive asset that doesn’t generate anything. He much prefers productive assets that are growing in cash flow year in year out. Do you believe gold is the best hedge in times of uncertainty and doubt to prep for a recession?
Speaker:
Warren E. Buffett is an American long-term investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.
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Warren Buffett: Why You Should NEVER Invest In Gold (WORST Investment)
#warrenbuffett #buffett #gold
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6 Comments
gold is not an investment it is a store of value against inflation. He is comparing a commodity to an actual business is beyond comical. Yes gold does produce stuff, they have to use to gold plate stuff, for jewelry, it goes into phones and other products as well. It part of stuff that is produced. It is used. But its not an actual business. You can't compare it. its like comparing a apple to an orange. Its 2 complete different things. And he bought silver before.
Despite the current state of crypto currency I still made £15,000, I think investing now is major thing everybody should do now.
You can make many valuable things out of gold
Where is the rest of the comments?
These interviews were all filmed BEFORE warren buffet just invested into a gold company 😂
Your showing videos from 2002 and earlier when market was steady going up. It’s 2022 and the Dow Jones industrial average hasn’t seen a losing streak like this since 1932! Ntm warren buffet just did one of the things he said he wouldn’t ever do “sell bank stocks and buy gold” he literally just did that exact thing lmao (he bought into barreck gold which is still a business but it is a gold business. So he obviously sees the value in gold)