Warren Buffett's quote on gold?
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Warren Buffett has shared his views on gold multiple times, emphasizing its lack of utility and productive value. A notable quote from Buffett, often cited, expresses this sentiment strongly: "I have no views as to where it will be [gold], but the one thing I can tell you is it won't do anything between now and then except look at you. It'll basically just sit there. Whereas, you know, Coca Cola will be making money" [1].
Another classic Buffett analogy contrasts the value of gold with productive assets: "At current gold prices, you could buy all of the farmland in the United States, plus ten ExxonMobils, plus have a trillion dollars of walking around money, or you could have a big cube of metal. Which would you take?" [2].
Buffett's perspective consistently highlights the preference for assets that produce income and have practical uses, over ones like gold which simply act as a static store of value.
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