Warren Buffett is one of the most successful investors of all time, and his views on gold are well-known. In a letter to shareholders, Buffett made it clear that he does not invest in gold. To illustrate his point of view, he imagined owning all the gold in the world at that time, which was 170,000 metric tons merged into a cube of about 68 feet per side. Buffett's argument against investing in gold is that it does not produce anything.
He believes that gold is a speculative asset and that it does not generate any income or dividends. He also believes that gold is not a good hedge against inflation because its price can be volatile and unpredictable. Buffett's views on gold have been echoed by other successful investors such as Bill Gross and Ray Dalio. They both believe that gold is a speculative asset and should not be used as an investment.
They also believe that gold is not a good hedge against inflation because its price can be volatile and unpredictable. In addition to these views, there are other reasons why Warren Buffett does not invest in gold. One of the main reasons is that he believes that gold does not have any intrinsic value. He believes that the only value of gold is what people are willing to pay for it, which can be highly speculative and unpredictable.
Another reason why Warren Buffett does not invest in gold is because he believes that it is too risky. He believes that investing in gold can be very risky because its price can be volatile and unpredictable. He also believes that investing in gold can be a gamble because its price can go up or down quickly without warning.Overall, Warren Buffett's views on gold are clear: he does not invest in it because it does not produce anything and it is too risky. Other successful investors such as Bill Gross and Ray Dalio agree with him and believe that gold should not be used as an investment.
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