Warren Buffett, CEO of Berkshire Hathaway and legendary value investor, describes why he doesn’t invest in gold and other commodities. Buffett and Charlie Munger prefer to invest in productive assets that produce cash flow such as stocks and privately owned business. They argue that gold investing is speculative because the only way to make money is if someone wants to pay more for it in the future than you did. This question took place at the 2011 Berkshire Hathaway Annual Meeting.

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The Intelligent Investor - [ Ссылка ]
The Warren Buffett Way - [ Ссылка ]
Common Stocks and Uncommon Profits - [ Ссылка ]
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