Warren Buffett: Why I HATE Gold?
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- Опубликовано: 13 апр 2021
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Warren Buffett: Why I HATE Gold?
#shorts
Gold doesn't go up, money goes down
@@yws4645 Furry: Why not? Not keeping your money durable can make it devalue or get wiped out by inflation.
He doesn't "hate gold", he just hates people saving money (or equivalent value such as gold), and watching it sit there, instead of investing in something
People who buy gold don’t want to invest to make money that’s the whole point. It’s a safety net in case shit hits the fan. Look at 2020. A lot of people of invested in real estate got absolutely screwed.
@@nicolasbocchino3761 wtf do u mean people in real estate got screwed? Home prices have now doubled in like 4 years in most southeastern and southwestern cities? Real estate investors in nashville, miami, tampa, phoenix, austin, dallas, houston, atlanta, orlando metro areas are doing fine rn.
@@nicolasbocchino3761 my man you are completely wrong. 90% of stocks have already rebound and increased during COVID.
He should know not every one knows how to make investment for those people it is better to keep gold until they are ready to make investment or have confidence to take that step .
@@astillia6073 you’re wrong, gold is a safe have reserve asset, the us stock market is a bubble.
Warren has a huge silver stack don't let him fool you
He bought 3,500 tons in the 90s.
Does he?
Well technically he was talking about good, not silver here. They’re similarly but still.
Bet he has a huge stack of gold, talks shit to keep it cheap so he can get more...
PMs are for insurance in a portfolio, rather than investment per se. I don’t think he’d downplay the insurance role, but he definitely won’t say go buy 50% gold.
Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.
Gold is seen as a safe bet during economic ups and downs. But investing in it can be tricky. Some people lose money because they don't understand how it works. So, it's wise to be careful. I suggest talking to a financial advisor who can help you figure out when to buy and sell.
Either way, if you don't hold it, you don't own it
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
Sharon Marissa Wolfe is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Gold is not for investing
Gold is for surviving
When the govt goes crazy and
Borrows $30 Trillion and can’t re pay
It, which I know would never happen
But
You sure that would never happen?...seems more like it is happening. Current U.S national debt is over 30 trillion with no signs of slowing down..
@@user-nt4kc5ot7h sarcasm
Still goin now Biden payin cash and rent(free for two years) for migrating military aged men
@@user-nt4kc5ot7hI think that was his point buddy ;)
Never say never!
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
SHARON LEE PEOPLES, one of the finest portfolio managers in the field. You should take a look at her work.
Thanks for the advice. The search for your coach was simple. I researched her well before arranging a call with her. Considering her resume, she appears knowledgeable.
Have 1.5 year of emergency funds in gold and 6 months in liquidity. Gold is for insurance against inflation.
Good bro
you're a smart guy, gold has only gone up since you made this comment lol
I'm still working on it ,I like silver because it's cheap realitive to gold
@@simonmiddleton4487that means nothing really. Oz of gold or roughly 87 oz of silver cost you the same to buy and return you the same amount when you sell (assuming neither hits a big run up, which is just gambling).
Really? Inflation in 15%. Has your gold gone up over 15%?
I will say buy gold until you have enough to invest it into some thing you want .instead of keeping currency keep gold
Well, this didn’t age well. 2k in gold year ago you’d be down $400
@@MrYolo777 Not exactly. Premiums are insane right, so the buy back rate is higher than spot. Gold and silver eagles in particular, are trading well above spot. Regardless, gold should not be your immediate savings or emergency fund. It is meant to provide you with some insurance. Ever heard the term “don’t have all your eggs in one basket”? That applies to the US dollar as well. Gold can be sold for any other currency and this is the main reason it has “fallen”. It has only fallen in terms of US dollars. This is a direct result of the US dollar gaining strength against other worldwide fiat currencies, most notably, the euro and the pound.
@@jakeschlachter3104 lol they really aren’t but keep buying gold while crypto is the future. The use for gold is getting smaller
@@MrYolo777 it really isnt. I dont actually own any gold at the moment but something Im looking to invest in. Crypto is great, however highly volatile. Gold increases with inflation over time. Your comment about $400 down since last year… How much is crypto down right now since last year? As long as gold is in the hands of the wealthy - it will never be a dying currency!
@@MrYolo777 your comment aged even worse
He’s been around since Christ? Damn son, how old is he?
43 actually
90
Infinity
More than 2022 years ago 🤣🤣🤣
Over 2000 years old
Interesting video I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Sharon Lee Peoples is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Normally Gold isn't bought as an investment. It's just that people want to protect their belongings against currency depreciation and hyperinflation. Everybody should own some gold shares in his portfolio, very important
I think it'd be better actually own the physical metal instead of the stock
@@katwilliams2950 both
At this point cryptocurrency achieves many of the requirements gold fulfills as money.
@@katwilliams2950idk dude the stock has dividends
@@richardshipe4576crypto is dead move on
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are very crucial.
That is why I work with John Desmond Heppolette, who introduced me to a better financial community, a validated organization where I learned how investing works and how to invest proficiently, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..
Yeah for real, John Desmond Heppolette, is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..
The secret to being successful from an investing perspective is to have an indefatigable, undying and unquenchable thirst for information and knowledge. Invest with a certified financial advisor and watch things turn around for good. I've learnt so much while investing with John Desmond Heppolette, and i must say it's the best thing to do.
This was written by chatgpt
Sometimes he sounds more like a high profile Fed Agent ...
When you have as many financial options as he has, it's easy to dismiss gold.
He has way less than every normal person
Because for him to make a meanigfull investment he has to Invest billions.
And there arent that many things worth tens of billions
@@Idontknow-yj8pspretty nice problem to have there bud
How did he get there ? Enjoy being middle class buddy. Keep giving your money to bullion scammers. They are laughing at you
@@Kane6676 He was facilitated.
@@Kane6676 He got there largely the same way most investors did, they got lucky in one major investment. From there it is easy.
But the world Buffet grew up in no longer exists. Equities are a TERRIBLE place for capital from 2020-2035. Liquidity is going to dry up like a sponge. The only reason the world grew so insanely fast between 1950-2008 is due to a perfect storm of circumstances that no longer exist. It was a complete and utter historical anomaly.
Demographics are destiny. The age of insane growth is over. It is economically impossible until the problems with demographics resolve themselves. Which will take until near the end of the century.
Its the first day i bought gold today i realized during pandemic before i dont have emergency fund ,you can pawn it when pandemic over you can redeem it if you get back to work.And i realize you can preserve your money than spending it on shopping if you collect more in future it will give you big a mount of money with the tendency it will become expensive.And i regret not knowing it earlier
can you pawn gold? lmao
@@vicerichter1163she probably meant gold jewellery.
Gold is a hedge its not supposed to bring a return so to speak. Everyone should have some gold and silver in their possession and close by in case shit happens. I'd bet Warren and everyone else at Berkshire Hathaway has some gold or silver or both.
If the world goes to hell no one wants your gold, they want food and shelter. And if gold is going to be so valuable why are there so many people selling it? You see money is made with gold by buying it below its value and selling it for more than you paid. You are the mark, the sucker the scared gullible fool. Think about it.
Used to be we built an entire currency on its sound value, Warren. But who cares about any of that.
Literally noone because no major currency isn't fiat
@@abitamimbharmal1498 and thats why the FED can fuck the entire world over
@@PTS156 You stay safe. I plan on getting a well paying job in tech and FIRE retiring by 32-35. Meaning I won't be a debt slave.
@@abitamimbharmal1498 say u have the job now, how would u invest
I’d bet a hundred bucks, more if I was a gambler. He’d choose gold over bit coin. Silver over any crypto. You can make phones computers and cool space equipment with gold.
And silver! You're correct 😊
We cant all buy a farm
Also farms cost a lot in taxes which you pay when you buy and also pay property tax every year you own it as well as other expenses and bills, then pay tax when you sell it. On the other hand, Gold is tax free
But you can buy a fraction of a farm, or a fraction of another company. It costs $181 to buy a fraction of Apple.
I'd recommend investing in VT (the Vanguard Total World Stock Index ETF). They invest your money in every company around the world based on their market cap.
You can sign up for Vanguard to invest in their funds (which is what I'd recommend starting out with), and then you can sign up for Interactive Brokers if you want to invest in individual companies.
Exactly.
But you can buy a portion of a farm on the stock market.
He’s right about farms. Those bitcoin farms are making a killing! There’s also crypto staking.
It won’t last forever though, crypto will but not the high interest staking. It’s high volatility which enables it; once crypto become widely accepted and adopted and whales distribute their coins, it will stabilise and become similar to gold or silver
@@trap187gh nobody’s going to use bitcoin unless they’re seeking ransom, buying child pornography or laundering money.
Please can someone tell me why everyone always says “gold is a store of value, not an investment, and is there in case S#!t hits the fan” when it has literally out performed the S&P over the past 20 years??
When you factor in dividends from the S&P 500 and reinvesting those dividends, gold doesn't even come close to the returns of the S&P 500.
Why these billionaires expect people to invest in equities? Just make people poor and tell the commons how big fools are they.
if you just invest in an index, that will give higher returns than gold
@pavan if you think this then you don't know anything about investing, crysis are a part of investing, if you invest for 30 years you are likely to go through 3-6 market crashes but since beginning of market it has always recovered, your so called crysis is the best time to invest even greater wealth, the lower the market goes the greater it bounces back, i was just talking about index fund not individual companies as they can go bankrupt but an index will only go up in long term until and unless your country goes bankrupt
What you’re saying has been true in recent history. Doesn’t mean it’s going to happen in the future. Gold is not an investment… It’s just financial insurance and in case the system collapses. it will increase exponentially if that happens and will allow you to buy into the new system that’s put into place.
@@vjbhatia77 Nothing is an investment. The government forces people to spend money in order to live a languish life using social media, advertisements etc., Buying gold is the same as equity. When you need and want to sell, the gold rate might be cheaper or heavy capital gain taxes etc., Living with moderate needs is the only solution.
He wasn't born a billionaire, he became one buying companies (part or full) and people like to ask him how he did it, so, he talks about it and shares his experience and points of view.
He really doesn't expect YOU or anyone else to do what he did/does and doesn't think you're a fool if you don't.
IF you want to do what he did, well... then and only then, he might think you are a fool only if you do it in a foolish way.
Ah the Buffet, always taking a huge shit on real money.
Of course a famous money manager is not going to back gold. Funny enough though, when the markets begin tanking, Berkshire subsidiaries begin investing in commodities including metals. What’s the deal Warren? The public has to go all into the stock markets but you don’t?
No, it's because he knows that gold appreciates during a crash because everyone thinks it's a safe haven, so he wants to profit off the appreciation.
However, people are starting to realise gold isn't a safe haven, so it's unlikely to appreciate during a crash anymore. People are starting to keep their money in stocks during a crash.
All money/gold is useless. You know what gives things value? A piece of lead flying at 2,700 fps. And that’s what big brother does to enforce value.
Which is why i love staking & defi lending solutions :)
3.7k apy yes please
Hah or %3.7mil for 60 secs then rug
How's that working out 2 years later?😢
@@truth.speakerrugpulled😂
Celsius’d
Link to the original video, please?
I bought gold in 2002. A bunch of people frantically bought gold in 1999 fearing Y2K would crash the system. When it didn't, they waited a year to make sure and then sold their gold for cash. This glut of gold on the market dropped the price and I bought gold at bargain prices. Today that gold is approaching 10 times the price I paid for it, which is about twice what it would be worth if I stuck it into the S&P 500 - after factoring in 2008 and 2020.
Gold is a productive asset
how
gold value never change! money from the bank is degenerate
Currency will always go down but gold will stay the same or go up
Gold depends on other productive forces producing growth.
Seeing as we have negative saving rates and the ECB is planning on removing the cash currency for a government regulated digital one, this is a huge tip thanks!
A farm can go bankrupt. Losing everything.
Gold will never lose its value.
gold was 30 bucks an ounce in the 1970s. Right around usd 2000 bucks an ounce these days. Massive gains and it's about to leg up again.
@ACloudyDay22Can you both explain this to me in layman's terms? I want to get into gold but weighing pros & cons against types: physical, etf, mutual funds.
Uh huh and berkshire hathway was 15 bucks nows it's 560,000
You forgot inflation. Gold just keeps up with inflation it doesn’t give you more buying power down the road. If gold was going to be so valuable down the road there would not be countless people selling it. Think about it.
@@Randy58-zn4ez People are selling it because times are tough financially. Central banks have bought incredible amounts of gold in the last couple of years. A tremendous amount. Why are central banks all of a sudden increasing their gold holding in a dramatic way?
The S&P 500 was $70 in the 1970s, and is $5064.20 now. That's an increase of 8% per year.
Meanwhile, according to your figures, gold has appreciated 8% per year.
But gold is far more volatile.
He's part of the builderberg group. He likes to see people poor
And Warren is my favorite investor but I came across information and seen his name on the list of attending the bilderberg meeting every year . Idk if it’s true but I always tell people your goal should be just meeting the right people to make it out here , that is why they extremely rich because it’s what they know , alot of private and underground businesses which cannot be expose to the public .
You can stake your coins and earn interest
Don’t fall for the gold scam, you can’t get your value back the same day you bought it and if things go horribly wrong with economy, nobody want your gold coins, it’s a rich man’s game to sit in it for 20 years
when the glorified paper you're chasing quickly begins to resemble its constituent parts in value, you may understand gold.
I'd love to live in a world where people don't toy with the money for short-term, concentrated gain, but that's the case and should be for some time, so we need gold and crypto...there's no real debate on this.
LOL man you’ve got a lot to learn. This “glorified paper” makes everything he is saying possible. Stop watching the news and read a book
Everyone wants to be the person to predict and escape the next depression with gold stocks. You'll still be poor with your gold investments when the next big crash happens.
@@jackbrown5184 fiat is no longer ... gold will be the past as well ... money is in the “clouds “ now looking at an app to see what is on your debit card ... crypto has a function what does gold do? Ezpass so you don’t need change ... PayPal Venmo ... the fiat currency is on its way out ... but don’t listen to me my boss is an algorithm ... quit my job and Doordash full time now 🤓🤷🏻♂️and let’s go amc lol
@@johnrekatsinas551 crypto to the moon
@@jackbrown5184 this glorified paper is also the reason for such a massive amount of wealth inequality. The average joe does not know how to invest it properly.
Guns and ammo and cooperation is a better hedge than gold… “in case something happens”
Not guns and ammo. Your buyers will kill you with what you sold them to get it all. Alcohol and cigarettes
God is never wrong. HE'S GOD
Not true. If you put your Bitcoin into blockfi you get 5% interest per year.
that’s not his meaning of productive asset, you can lend money out and get few percent interest.
🤦♂️
He wants you broken an living on credit.
Its not one or the other. Comparing apples and oranges. One is an investment, the other is insurance.
You buy gold as a hedge against hyperinflation. No other reason to hold it long term.
Cryptocurrencies are good to trade. Time will tell if they'll be a hyperinflation hedge like gold.
Stocks are the best Hedge against Inflation
@@makra2604 I said hyperinflation.
This didn’t age well ...
@@anikmistry3446 What do you mean? High inflation and hyperinflation aren't the same thing. We are nowhere even close to hyperinflation.
@@anikmistry3446 hyperinflation is the worst of the worst we are just high inflation
People like buying gold because of its inverse relationship with the stock market. I personally buy gold for my emergency fund.
Gold and silver is the only real money
👍🏼👍🏼
There is no “real money” any more real than the next thing. Whatever there’s a market for. That’s all. Fiat, gold, btc, bullets or grain
YOU are the only money… think about it
Stocks are the only real money.
God's money
So he's that old.
😂😂😂
😂😂😂
😂😂😂
I don't think anyone should be buying gold as an investment, but it sure makes a great store of value over time. Won't be eroded away by inflation like cash. I think of holding gold like another way of saving.
Gold is for everyone who wants to keep their asset (money) safe. It's the only asset that is unfreezable. Even governments can easily freeze crypto asset, but (assuming you know how to keep it safe) governments can never freeze gold asset. I heard many stories even rich people can suddenly loose their access to their own assets (money in the banks, stocks, etf, crypto, etc.) just because someone (with authority) doesn't like them. So, gold never grow, but once you have it, you own it 100%.
Governments can't freeze Bitcoin if you store it properly, although they can prevent you from selling it for cash very easily. But there are ways around that, such as Bisq.
Gold can easily be frozen because if you have it stored in a vault, they can prevent you from withdrawing it, and if you have it stored at home, they can send a SWAT team.
If you bought gold at $1200 a few years ago ,now its $2400 ,what's not to like about that.😂
No disrespect his not telling truth always these guys are very wealthy people they don’t like to see people like us getting rich. Actually gold and bitcoin are good future investments . Do your own research 🧐
He bought a crap ton of silver and gold not too long ago. Gold and silver are for protection, not for growth.
But he LOVES SILVER AS IT'S AN UNDERVALUED ASSET.
Hardly anyone wants to buy a farm though. Breaking your back and mucking out stables. So you gain from it, but it's a hard life. What's wrong with standing still (which essentially is what gold is about)?
There is no inside info he can trade
if I'm already busy with a occupation,how can I buy a farm? while all world is holding paper money,it's wiser to buy gold silver and platinum.this guy does not want people to buy gold, thats why he speaks like this.
Buffet v Musk debate would be epic... gloves off
If physical gold is such a bad idea : then WHY WOULD CENTRAL BANKS GLOBALLY BE STOCKPILING PHYSICAL GOLD THESE LAST SEVERAL YEARS ?
It's an insurance for the stability of your currency. It basicaly says to investors that the currency they use is insured by X tons of gold and as a result it won't go too much down or else the central bank will sell gold to decrease potentially catastrophic inflation.
It's not there to make any money. It's solely insurance to say to investors that it's safe ton invest in your currency/your economy.
@@abcdefgh-db1to
Ok - have you read about a thing called
The Bretton Woods Agreement ?
Perhaps the “ world “ doesn’t want the USA to continue to print worthless fiat and wants to go back to the gold standard or at least have a tier 1 asset on their balance sheet .
I respect Mr . Buffet and all his accomplishments . But to bash gold because it doesn’t fit in HIS portfolio is in my opinion - wrong . EVERYONE can’t go and “ buy a farm “ of invest in Berkshire Hathaway …
@@rudeawakening3833 I do know about the Bretton Woods agreement and the fact that it's no longer in place. The fact is still that gold reserves are solely for insurance and liquidity purposes and not investements for Central banks.
Now you may think that stacking gold is a good investement for individuals but gold reserves have nothing to do with speculative investements of the sort.
And Buffet is completely right when saying gold just sits there and doesn't produce anything, juste like bitcoin, gold investing is solely a speculative investment.
I own a few 1/4 ounce gold American eagles and a few 1/10 ounce gold eagles that’s all the gold that I’m ever buying. Premiums for fractional gold coins are just way too high. With all the money I spent on premiums I could’ve bought one share of VOO.
Buying gold or silver is the lazyman's way of investing. Still way better than hoarding paper money
Bet he is a secret stacker with a ton of gold
The insurance he's talking about is the actual Fiat we use til this day... The "stealing" he's talking about is the Bait and Switch they "mandated" for Gold. The wealth he created is by the Labor that his farm "produces" to supply the demand... Listen closely to his Double Speak 🤫
Migrant workers from his old farming days still waiting for fair wages...all of these BASTARDS are WARLOCK'S 🤨🤨🤨
Gold is for protecting value. It is not meant for generating cashflows. It is scarce and will always slightly beat inflation if not protect you from it. God’s Money.. I love it 😃
Tell that to the 20k I made
Its not income.
It’s gambling but fuck it I got the winning ticket 😂
@Nothing if you say so
Gold and silver is not meant to increase, but a safe. To store value. Silly!
Gold doesn't go up in price but gold was meant to be Financial stability when inflation hit.
Well gold preserves the wealth over time. It's like salting meat
Yet he owns more gold than a bank
How do these people live with themselves... easy they dont
As a gold miner I am glad to see by these comments that you all are not stupid…the very media outlet he’s speaking on to say these things is because of gold in the technology…someone sent this to me to do a reaction video but its too much of a lure to promote what he wants you to buy from him today…he will be promoting gold tomorrow like he always does…
Don't believe this. When equities are down, you think he leaves his money in there for it to lose value? No, he puts it in safe havens like gold, the Japanese Yen, silver, etc.
Gold does produce stability. But other than that. However, in times of great inflation stability is a tremendous asset.
When you buy this investment farm what happens when they jack up your property taxes sky high. What happens when fertilizer prices become unsustainable. What about when theres a drought. The point im making is not to never buy productive assets. The point is to acquire a strong safety net in precious metals before you start taking those risks.
In the book "Black Elk Speaks", Black Elk is quoted as saying: "Gold is the yellow metal that makes the wasichu crazy." [Wasichu = "white people" in the Lakota Sioux language.]
He’s right in the aspect that it doesn’t produce anything. This is true. It’s a piece of rare matter. However, I’d rather have 1 ounce of gold stored away in a vault vs 2,400USD.
This dude is a huge silver bull. Dont get it twisted people.
Gold is money, so one must compare it to the Dollar, Yen, Euro, etc..
You’re half right gold is money, but all those other things you mentioned are just currency that people are using to exchange goods and services. It’s not gonna last unlike gold.
Gold is good for defensive investing, but bad for offensive investing.
Buffet always wants to go on the offensive, on the attack. He wants investments that make big returns.
Gold does not do that, so he does not invest in it. But for investors who are defensive, gold is very important.
How did he go from Gold to Crypto Currencies? At this point someone had to have educated him about crypto to know that his statements are false. There's no other reason to keep saying this other than to deceive the masses which will just blindly listen to every word he says without verification.
Oh shit we all better sell and buy a farm and shares in Facebook and Twitter 💀💀💀
No Warren, the crypto currencies are not gonna just “sit there”. What’s this guy talking about?
Probably talking about income not just growth.
He is saying that currencies don't make anything, whereas companies do.
Made zero sense
You could make the same argument for real estate, perfume, oil, pearls, etc. None of them generate income via direct ownership either. I respect Buffett but his bunghole is closed tighter than wet size M underwear on Chris Christie when it comes to gold.
dont forget he bought a jewelry shop to be able to buy huge amt of precious metals
The only investment better than gold right now is silver. With the world’s biggest economy crisis just around the next corner, people’s spending priorities will be food and rent. Big companies, especially American ones, will be taking a nose dive, and stocks and bonds will be the worst investment anyone has ever made.
People are already flocking to precious metals. Countries, governments and the average Joe are stacking hard, and the real panic buying hasn’t even started.
Price manipulation is the only reason we’re not paying 10-30k for an ounce of gold and several grand for silver.
But the manipulation stops when supplies get low and there’s no real backup supply to back up the imaginary claims.
Precious metals will earn more profit than anything else right now.
Maybe take some profits from it and put it in crypto when the crypto market crashes to its record low. That will earn more profit when it happens, but crypto is only good money until the power goes out.
You can bet Warren Buffet has silver and gold stacked up but wants to keep people away from that real investment. Stocks, Bonds, and Crypto is okay to make a quick profit plus he needs more people in it to dilute or inflate the values of his.
Diversify your portfolio, don’t put all your eggs in one basket.
Just know that when it gets more expensive to print money than it’s worth we switching to crypto may not be bitcoin but mark my words word
Most transactions are digital.
How much extra money do you think was printed for the 6 trillion cov19 .
@@cristinafultz4572 so true. The unemployment rate lowered the inflation of money.
Digital currency doesnt necessarily mean crypto
I used to think only JP Morgan and Blackrock CEO's would lie about Cryptos... I was wrong.
50 years ago 1 oz of gold could be bought for ~ $134
today ~ $2,300
Id say thats a damn good investment
For those people. To recognize the same gain today~ $2200 tomorrow~ $33,000
there is always someone who controls the transactions and sits on the data traffic, someone has built and created these.
What he purposefully omits is that gold is money and not an investment.
Looks like Grandpa forgot to take his medicine today.
Gold value goes up only when people get scared and go rushing to buy it. That means it is a very poor investment.
gold is the key to turning the human body into a quantum computer which does not die, since gold is the only biocompatible metal that does not oxidize in the human body.
Rich People talk as if they got a Safety Blanket. Regular people do not got Back-Up. Family is not gonna save me when I'm broke.
he is right about productive assets, yes crypto is a productive asset
I bet he has 1,000s of ounces of gold in his safe
Gold. 32$ an ounce 1972. Today about 2400$ Anyone interested? I know Berkshire did way better, but this stuff was already called GOLD and didn’t pretty damn well
Gold comes from blown up stars and was flung across the universe and hit earth...gold is literally a dead sun. So badass
Almost the entire planet was formed from dead stars. Only part of the planet which wasn't is the hydrogen, but there's not much of that.
Warren Buffet doesn’t need gold, hes very rich.
Im not very rich, I need gold
$1000 each month. 300 to your bank account, 350 into ETF’s, 350 in gold/silver.
As an example depending on your costs.
Gold and silver are savings, not investments. They don't go up in value, just price to match inflation. However he's wrong about crypto, there are also productive assets in that space.
Gold has increased in value more than the S&P over the past 20 years.
That’s why he owns tons of gold himself 👀 just another greedy billionaire trying to hog it all for himself.