Buffett Prefers Investing in Companies to Buying Gold

Business Insider reported that Warren Buffett still maintains that stocks are a better investment than gold.

Warren Buffett said:

Beyond the staggering valuation given the existing stock of gold, current prices make today’s annual production of gold command about $160 billion. Buyers — whether jewelry and industrial users, frightened individuals, or speculators — must continually absorb this additional supply to merely maintain an equilibrium at present prices.

Click here to read the full Business Insider report.