Warren Buffet : DO NOT BUY GOLD as a hedge for war

EwaDawg

Specifically, he said that he bought his first stock at age 11 in the spring of 1942, when the US was suffering heavy losses in World War II. He recalled this in his shareholder letter for 2018.

He swapped his $115 in savings for three shares of Cities Service. If he'd invested that sum in a no-fee S&P 500 index fund and reinvested all the dividends, he said, it would have been worth $607,000 by 2019 — a 5,288-fold gain.

In contrast, he said, if he had panicked and bought $115 worth of gold, its value would have grown to only $4,200.



So despite gold SUPPOSEDLY being in short supply one of the greatest investors in the history of the US says "NO THANKS". Gee, I wish I had thought to forgo Gold.


FYI, Gold indexes are down about 2% from their high during the last year DESPITE some goofball claiming there is a shortage that is not driving up prices.




https://www.msn.com/en-us/money/savingandinvesting/warren-buffett-has-warned-against-hoarding-cash-gold-or-bitcoin-during-wars-and-touted-stocks-as-the-safest-long-term-bet/ar-AAUftS7?ocid=msedgntp

HFNY

Better to buy gold miners, they pay a dividend and if you can handle the greater volatility, then wait until they shoot higher. I like AEM right now because they had a subpar Q4 so their relative value is better than NEM.

I never hurts to have 5% of your taxable portfolio in PM miners and raising cash to be at least 5% of your portfolio too:

https://multpl.com/shiller-pe