Warren Buffett - 'Why I hate GOLD'

Warren Buffett - "Why I hate GOLD"

[kelemen]

He proved why gold is amazing. Not as an investment but as money. Everything else is currency

[jeffmahoney]

Gold isn't an investment, but it is a store of wealth. Mr. Buffet himself admits this. Sitting on cash during times inflation is much worse. You will never go wrong buying gold.

[boldpredictionssports]

He's invested in gold since this lmao.

[afoolishdreamer]

"you only buy gold if you don't know what to do with your money, and you don't want it to rot in your matress" - probably some guy with a phd working at mcdonalds

[georgeosprey]

Never have all your eggs in one basket applies here. Notice all the failing banks lately ?

[josephfogle]

Yeah but if they had stocks in the time of Christ they would be worthless today. Companies do go out of business snd when they do the stock becomes worthless. Ask millions of people who owned Chrysler or United airlines stocks. They went bankrupt and restructured and people lost everything. Ask people who owned bank stocks in 3008. Every car company except for Ford has went bankrupt. Buffets father was a major proponent of gold. Buy some stocks for dividends yes but buy some gold to hedge inflation and have something if your stock goes to zero. Stock go to zero all the time. Gold will always have some value.

[tktimber]

Warren is talking about two completely different things. Money and investments.

[dontjustbeanotherbrickinthewal]

Gold works best when all the paper money in the world is going to 0 in Australia gold is almost 3000 a once.

[StuartHollingsead]

The goose that layed a golden egg?
The philosophy of eat the eggs not the chickens, compared to a chicken that lays an egg you cant eat. And it doent grow into a chicken to lay more eggs. Though its valuable, how useful is it?

[TheFarCobra]

Thanks to this guy’s interference, oil is still transported by rail instead of pipelines.

[justincole]

Yeah, crypto and Christ finally mentioned in the same paragraph…I seriously mean absolutely…Nothing…his words.

[josephfogle]

He is a billionaire good for him. He does not tell you not how many hours but how many months most people would have to work for one share a Berkshire Hathaway stock. He also fails to talk about just like stocks Gold depends on when you bought if. If you buy it now it may just hold value. If you bought back when it was 20 100 or even 300 dollars not too long ago it is 1800 now. Get the full story. There are stick guys real estate guys gold guys all can do well. Most people do it know Buffet did not make his money buying just a stock. He buys companies puts in good management snd makes most of his profit that way. Few have the resources or smarts to do this.

[justincole]

No, no, you don’t have significant gains because it’s farming farming, farming farming unless you buy 10, 000/hector acres. You can’t be successful as a large farm and a global market as a billionaire!!

[karlmarx]

"Productive assets" is just a fancy way of saying you steal value produced by others because you have the capacity to own when others dont.

[Gregdogz]

There's crypto staking up to 30% apy