Quote:
Originally Posted by Crowbob
Buffett is not trading cash for gold.
He is trading high risk of eventual worthlessness (USD) for demonstrated history of value (Gold). This is not an income-generating decision. It’s a wealth-preservation decision.
If the dollar collapses, he has the gold. If the dollar doesn’t collapse, he has the gold.
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He bought no physical gold. He bought gold producer stock.