Why warren buffett hates gold




















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Main Menu Search financialpost. Therefore, silver meets Buffett's requirement of having a real and identifiable value. Even better, from the point of view of an investor , silver is almost uniquely suited to a number of the uses it serves as an industrial metal and would be difficult to replace with any substitute material. Gold does not meet Buffett's usefulness requirement.

Although it has some industrial applications, it is not virtually irreplaceable as silver so often is. Gold makes pretty jewelry, but it is by and large without practical uses. In Buffett's opinion, since it has virtually no inherent value, it is not a good financial asset.

The metal commodity that glitters for Buffett is silver, not gold. Warren Buffett. Metals Trading. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.

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