Many people always wanted to know about the legendary world investors or investment saint, as he is also known, Warren Buffett’s views on gold.
Warren Buffet on gold: Recently Warren Buffett has given some controversial views on gold. Buffett, in his latest remarks, has said gold is inferior to stocks and bonds and more of a speculative item than investment instrument.
In his annual letter to Berkshire Hathaway shareholders, published Feb. 25, Buffett states:
“Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce — gold’s price as I write this — its value would be about $9.6 trillion. Call this cube pile A.
