#warrenbuffett #charliemunger #gold #berkshirehathaway #investments
Billionaires Warren Buffett and Charlie Munger are well-known for not investing in GOLD. This video explains the fundamentals and the reasons. The main reasons are: 1. Gold is an unproductive asset and not good investment in the long term. 2. Stocks are way better. 3. Gold may not do as well as stocks in protecting investors from declining purchasing power. 4. Gold doesn’t hold a candle to farms or apartments which are productive assets.
Warren Edward Buffett is an American business billionaire tycoon, investor, and philanthropist. He is presently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors of all time with a net worth of over $100 billion, which would be even more counting the billions he already donated to various charities and foundations.
Charles Thomas Munger is a wise, perspicacious American billionaire investor, businessman, and lawyer who gets to the core of complex matters in seconds. He cuts to the chase, and often which his unique sense of humor. He is the Vice-Chairman of Berkshire Hathaway and business partner of Warren Buffett. Their friendship is legendary and worthy of emulation.
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