WebWarren Buffett made an unusual move in 1997 when he bought 111 million ounces, or nearly 3,500 tons, of silver. The famed investor's purchase helped make Thomas Kaplan a billionaire. WebFeb 7, 2013 · Over time, Buffett says, the total return from the productive assets must exceed any increase in the value of the gold. Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.)
Why Warren Buffett Is Selling Gold The Motley Fool Canada
WebSep 13, 2014 · Warren Buffett didn't become one of the greatest investors of our generation by investing in gold. In fact, he pretty much hates the shiny metal. Just take a look at part of a speech Buffett gave ... WebSep 28, 2024 · Warren Buffett is not a fan of gold. But since 2001 gold has outperformed the stock market by more than 360%. More recently, gold has been on a great run while gold stocks have performed even better. lit af 2020 hosted by martin lawrence
Why Buffett thinks investing in gold is stupid - MarketWatch
WebWarren Buffett explains the investment value of gold. Investors must buy productive assets. Gold bugs mistake the monetary value of gold as an investment. Gold value: 2011, $1750, 2024 $1419, 2024 #1843. Gold trades but does not produce any return. Productive farmland is a far better value than gold. WebApr 15, 2013 · Buffett: Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion. WebDec 19, 2024 · Buffett’s gold cube analogy. To get his point across about gold in that shareholder letter, Buffett imagined owning all of the world’s gold — at the time 170,000 … imperal city prision set