Tag Archives: Speculation

Warren Buffett Rebuffs Gold – Does nothing for any Economy

Warren Buffett hit the nail on the head. Gold is a useless investment. It just does nothing for anyone and does not produce anything. If everyone would invest in gold rather than in the economy, we all would still throw stones at each other. If it ever comes down to it that gold becomes a currency, we will all wish it would go away. Until then, it is a speculation tool and helps those with an “me first” attitude to sleep better.

Buffett rebuffs gold, but inflation says ‘buy’ – ETF Adviser – MarketWatch.

 

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