MarketWatch reported that in a letter to shareholders, Warren Buffett said gold doesn’t belong in one’s investment portfolio, despite the market seemingly thinking otherwise.
As quoted in the market news:
Corporations produce revenue and therefore have an inherent net present value of returns. This can be calculated, priced and employed in making a reliable investment decision. Gold, on the other hand, sits there and glistens. It doesn’t produce income, just oohs and aahs. This makes its value hard to price, and according to Buffett, reduces it to a mere speculative vehicle.
Click here to read the full MarketWatch report.
