Cryptocurrency Q&A
What does Warren Buffett say about precious metals?
What does Warren Buffett say about precious metals?
AltcoinExplorer
Tue Sep 17 2024
|
7 answers
1923
I'm curious to know what renowned investor Warren Buffett thinks about precious metals like gold and silver. Does he see them as a SAFE haven for investors during times of uncertainty, or does he have a more skeptical view? It would be interesting to hear his perspective on the role of precious metals in a diversified portfolio, and whether he believes they offer a solid return on investment over the long term. Given his track record of successful investments, I'm eager to understand his rationale behind any stance he may have on precious metals.
7 answers
KatanaSwordsmanshipSkill
Thu Sep 19 2024
Warren Buffett, a renowned investor, has long held a dim view of gold as an investment asset. In his own words, he once expressed his disdain for the precious metal, stating that it merely sits there and stares at you.
Was this helpful?
197
45
Alessandra
Thu Sep 19 2024
Buffett's sentiment towards gold stems from his belief that it lacks intrinsic value or the ability to generate income. In his 2011 shareholder letter, he went as far as to criticize gold for being both unproductive and unproductive in terms of creating value.
Was this helpful?
398
54
SkylitEnchantment
Wed Sep 18 2024
For Buffett, investments should be judged based on their ability to generate cash flows and contribute to the overall growth of a business. Gold, on the other hand, fails to meet these criteria, as it does not produce any income or contribute to the growth of the economy.
Was this helpful?
214
97
Pietro
Wed Sep 18 2024
The rise of cryptocurrency exchanges like BTCC has made it easier for investors to access the crypto market and take advantage of its growth potential. By offering a secure and user-friendly platform, these exchanges have helped to democratize access to the crypto market and made it more accessible to a wider range of investors.
Was this helpful?
173
77
Riccardo
Wed Sep 18 2024
Despite the fact that gold has traditionally been viewed as a safe haven asset, Buffett believes that it is not a suitable investment for long-term wealth creation. Instead, he advocates for investing in businesses that have strong fundamentals and the potential to grow over time.
Was this helpful?
357
97
Load 5 more related questions
