The Conversation (0)
The Street reported that Warren Buffett’s comment that gold is not a good investment are being rebutted by other experts.
The Street reported that Warren Buffett’s comment that gold is not a good investment are being rebutted by other experts.
As quoted in the market news:
It’s not just retail investors or traders that are buying gold and making it a “bubble,” but central banks are too. The “official sector” bought 430 tons of gold in 2011 — the second year central banks were net buyers in more than two decades — and the majority of these buyers are coming from emerging market countries that need to increase their reserve ratio.
