The Truth About Warren Buffett’s Investment In Gold

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Berkshire recently revealed an investment in a gold mining company while it trimmed some bank investments. Does this signal a change in Warren Buffett's investment philosophy? Don't count on it.

In addition, it mines more than gold. It also mines copper. It's certainly true that the price of gold and copper affects its profitability. But that's true of any business tied to a commodity. Warren Buffett has in the past invested in oil companies affected by the price of oil and Deere & Co., which is affected by the price of crops. But that's a far cry from investing directly in commodities.

Mr. Buffett is not a fan of gold as an investment. Here are a few of his comments about the precious metal: Referring to gold, “it’s a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.”

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This an example of the main sream media hating gold,because gold holds true value and is the freedom of the mases from they being robbed by the FED and the government by printing trillions and debasement of their hard earned savings

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