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.
Buffett’s Bank of America deal, dreamed up in the tub – The Term Sheet: Fortune’s deals blog Term Sheet.
This is very common. The best ideas are always popping up away from work and in an environment that has nothing to do with work and is recommended as a place to leave work where it is, at work.
Another reason why he is what he is, he is not only thinking about it, he actually does what he thinks. I’ve been thinking of buying Bank of America, but I didn’t do it. Already missed a chance. BofA stock is good for $12.00 until the end of January 2012, possibly earlier. Too good of a bank, outstanding footprint to take advantage of when things get better and now Warren Buffet is in. I can’t help it, BofA is a buy. Make sure you read the disclaimer in the tab on top of this page.