Berkshire Is All Wrong About Gold
I don't know about you, but I am tired of the Berkshire Hathaway (BRK.B) team's endless trashing of gold. We heard all morning about how Warren Buffett simply doesn't believe gold is an investible asset. He only wants to invest in what he calls productive assets.
But the killer statement against gold came from his right-hand man, Charlie Munger: "I think gold is a great thing to sew into your garment if you're a Jewish family in Vienna in 1939, but civilized people don't buy gold, they invest in productive businesses."...230 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.