Warren Buffett, CEO of Berkshire Hathaway and legendary value investor, describes why he doesn’t invest in gold and other commodities. Buffett and Charlie Munger prefer to invest in productive assets that produce cash flow such as stocks and privately owned business. They argue that gold investing is speculative because the only way to make money is if someone wants to pay more for it in the future than you did. This question took place at the 2011 Berkshire Hathaway Annual Meeting.
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OTHER VIDEOS YOU MAY LIKE:
▪️Warren Buffett & Charlie Munger Describe Their Investment Strategy: https://www.youtube.com/watch?v=DY0gngQOGtE
▪️Bill Ackman Asks Warren Buffett & Charlie Munger About Stock Buybacks: https://www.youtube.com/watch?v=DY0gngQOGtE
▪️7 Best Questions at the 2020 Berkshire Hathaway Annual Meeting: https://www.youtube.com/watch?v=A5lQbkqlJro
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38 Comments
in 2025, exon mobile is still a 400b company
at 8:08 did he say that he doesn't care if the stock exchange is closed for a few years?
😂
Buffet was a buffoon when it came to gold. He was told to aid in the misdirection away from gold. Gold been a solid investment since Nixon "temporarily" took the USA off the gold standard. It is up 30% during the past year (2024). Look at the gold price charts since 1973 and then decide if it was a wise investment. Him holding cash tells us that he is losing millions every year due to inflation. He knows this so why cash? Gold would as a minimum prevent losses to inflation. No, he is a tool to keep people away from gold and silver.
Gold now at 2700
Gold and silver will prove him wrong
Well the old Fuddy duddy just can’t escape his mindset which enabled him to become one of the richest ppl in the galaxy.
Stocks and paper equities is always where it’s at to him. Which mind you have always failed for thousands of years.
Buffett likes gold shares rather than coin or bars.
I will always invest in GOLD.
I don’t get the argument that fiat is being devalued by printing, well Gold is being devalued by mining which essentially inflates the supply much more than the dollar is printed. There is approx $60 trillion worth of gold being mined or inflating the supply each year. Gold’s value is built on fear and distrust, not intrinsic value.
barrick gold is a company that mines gold, even if you don’t see the value in gold there are real companies businesses that mine it.
Gold is only a store of value as long as there is a functioning government, in a total economic collapse no farmer who is producing food will take any amount of gold for his land.
The only problem with Warren is that he belives in keynes.
Really? I think you want to buy your assets not the pure money gold. Look at graphics and don't fool people to not buy gold and silver. The only money that are 100% money are gold.
When given the ultimatum
In God we Trust
or
In Government we Trust
Atheism dies
This two men are extremely good
Observation one he never buys gold if you ever see that observation
If a nuclear war erupts all money and investments are worthless but Gold is the ultimate money.
HE DOES HE DID
It’s really hard to grasp that the gold supply is truly that limited
Don't but gold says Warren and Charlie. Let US buy it so when the fiat system collapses, me and my boyfriend will continue be the elite.
Just listen to us idiots!
I am actually surprised that he did not want to invest in gold. I mean I get his argument that gold will not produce anything. At the same time, he did his career during cold war times and there were many instances when the cold war might have turned into actual nuclear war. And gold would have been the only thing that would have retained at least some value had nuclear war actually occurred.
Gold is a store of value. In the future someone will definitely want to pay more for your gold, since they will have more money, since the amount of money printed will be double what was around when you had bought the gold. Could you have bought farmland instead of the gold? Yes, but it takes energy on your part to make productive use of the farmland and there's a limited amount of farmland you can manage. You'd need a much bigger army to defend an extensive holding in farmland than in gold. You could own farmland but let other people operate it, but then do you really own it? At the moment you are earning cash from it, but if the system changes you may end up losing it. Same with investing in businesses. Gold you can hide somewhere and it lasts forever. It's a store of value for money you currently don't have anything better to spend on, and it's a way to preserve wealth in the event of a catastrophe (in which case all the land and businesses you "own" can sudden vanish). Gold is certainly a step above having a cube of fiat currency which is being actively devalued as time goes on.
Different logic but i dont agree. I think gold miners in 6 years from now will be at a value such that he will eat his hands for the missed opportunities.
Warren doesn’t invest in gold. But he definitely saves in it.
gold has industrial usage as well tho, but indeed its popularity as a value holding asset does drive up its price a little bit compare to its industrial value. it makes sense to buy gold when u think the global financial system is at risk as it is now.
This should be watched by every person criticizing him now for Bitcoin.
Everyone is saying things such as “he is just too old to understand ”, “he doesn’t see what we see”, etc.
I am really surprised and disappointed by all these comments looking down a man who has proven right time after time.
At 3:03 , charlie: ahh yes i should resume my 5 minute nap
I'm pretty sure Warren Buffett has a gold reserve.. He just not letting government know because of taxes.. Probably has a gold reserve in Switzerland or some other country…
100% logic. I agree with him.
I’m not warren buffet when it comes to investing but a lot of electronics use gold and silver
🤔 when the US doller fall gold go up and Also the other way arround…
Investing in a Gold mining company that "mines" gold and pays a dividend is not the same as investing in Gold.
Berkshire Hathaway BRK.A, -1.64% bought about 21 million shares of gold miner Barrick Gold GOLD, -1.18%, spending about $563 million. That’s according to a filing released Aug. 14.
-Things change
Except that gold is actually money. Gold is not an investement, it's savings. Gold has no value per say, things have a value in gold, including fiat
FRN: In government we trust
Gold: No we don't
3:14 If you lived in Zimbabwe and bought gold, your family would be happy right now.
Great example about the beautiful woman….
… even better example about leaving the country! 😂