Warren Buffett: What I HATE GOLD

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Gold doesn't make you rich. It'll just preserve your wealth in case if inflation.

galanoth
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An ounce of gold didn't change, the value of the dollar changed.

taylorsessions
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"Back in my day you could buy a candy bar for less than a nickel."

casual
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You buy gold and silver because you don't trust the dollar

jricherts
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He lowkey had a bunch of silver. Dint be fooled by him. For ppm that truly know him thru his books knows that his interviews is where he just keeps it simple and doesn't reveal his hand

hamonrye
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That is why now he invested into digging up gold. Something changed.

kingbear
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Gold is actually a fairly good investment since, as it stands today, there is only a finite amount on earth and its not like a company in that it can’t go bankrupt or disappear following some financial difficulties

sweeperbot
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Not the best time to talk about stocks or w.e the attitudes I see from time to time is justified also . Much needed

afellowc
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Says the man pulling most his assets out of stocks.

johnman
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OMG! Let's take last 20 years (2001-2021)
S&P500 is up 195%
GOLD is up 590%
Go figure...

darmacusa
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Sadly there aren’t many undervalued productive assets to buy now. So I am good with gold

howetan
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Yep, but when economy's collapse, like America's is close too, then that gold is what will give you the upper hand when everything else is worthless. I guarentee that Buffett owns tons of gold.

mitchellhomestead
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A not so subtle tactic to get everyone to sell their gold so he can buy it 🤣

tardif
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Warren Buffet says as he buys Barett Gold.

If you ask me if I wanted 10000 10 years ago or 300 ounces of gold, I would choose gold every time. it might not be as profitable as spotting out Coke or Apple, but its not bad.

first step is to understand money, then you will understand why Gold isn't just a pretty metal.

gamania
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It's a good time for gold. When "they" say it's not a good time for xyz, it's definitely a good time for xyz.

anagramconfirmed
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Him and his shifty mates have been manipulating the precious metal markets for decades. Buy physical silver now.

Finkelstein
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The idea of investing in gold is to diversify your portfolio, its not one or the other, you should be investing in both.

Harkness
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This guy is part of the club who wants to own everything and rent it to the rent of us...

godgivesyouyourpotential
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Stock are riskier. Gold always holds value. More diversified risk, more return (in the long run). But gold can historically demolish stocks in short periods if you know when to buy. Don’t buy gold to hold for the long run to get rich, buy it to preserve wealth, or buy it for a short-term period. Gold’s killed stocks since 2000

garretttjordan
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Gold doesn't change, imaginary currency does (anything that has a value that is made up). Gold, silver platinum, titanium, etc. Will always be valuable

niistaggthefreeddevotee