Warren Buffett and Charlie Munger explain why gold is a really bad investment and asset class. Even as a hedge against inflation.
The question goes: “Mr. Buffett, given your past essays concerning the U.S. dollar and foreign exchange forward contract holdings that you have, and many countries’ economic policies that have a tendency to debase their currencies, do you think that gold can be considered a viable investment alternative to paper currencies?”
From Berkshire Hathaway Annual Shareholders Meeting. (2005)
Warren E. Buffett is an American long-term investor, philanthropist, business tycoon, and the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.
Share this video with a friend if you found it useful! Consider subscribing to the channel for videos about investing, business, stock market, building wealth, passive income, and other finance-related content!
Warren Buffett: Why Gold Is A DUMB Investment
