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Warren Buffett on Gold

by Jason Hommel, Gold Seek:

Warren Buffet explained why he does not see the value in gold in his annual report from 2011.
http://www.berkshirehathaway.com/letters/2011ltr.pdf

http://ivanhoff.com/2013/04/15/warren-buffett-on-gold/
It was republished by ivanhoff, and came to my attention last week, which gave me this occasion to respond. Here I go.

Buffett:
The second major category of investments involves assets that will never produce anything, but that are purchased in the buyer’s hope that someone else – who also knows that the assets will be forever unproductive – will pay more for them in the future. Tulips, of all things, briefly became a favorite of such buyers in the 17th century.

Read More @ GoldSeek.com

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