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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21 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!