by Jason Hommel, Gold Seek:
Warren Buffet explained why he does not see the value in gold in his annual report from 2011.
It was republished by ivanhoff, and came to my attention last week, which gave me this occasion to respond. Here I go.
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.
Please follow SGT Report on Twitter & help share the message.