Warren Buffett and his View on Gold
Warren Buffett has famously stated that gold is not an investment, he says that you can take gold, melt it into a cube, open it up many years later and it will be unchanged in size and will not produce anything. I claim that the same thing can be said for money. You could take a hundred dollar bill, fold it up, put it away and open it up several years later and it had not changed in form or produced anything.
History has shown that the purchasing power of the gold was and is way stronger than the paper currency.
Ironically, Warren Buffett’s father was a four term congressman with a clear understanding of why gold should be used as money.
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