Warren Buffett doesn't invest in gold. Berkshire's original purchase of Barrick surprised many, as Buffett is known for his negative view of gold. Because stock price growth is driven by the growth of the world economy, Buffett says, you're much more likely to generate long-term compound interest by investing in a diversified stock portfolio than by speculating on the prices of gold or cryptocurrency. When information about the Warrens Berkshire investment spread, the ABX stock rose to the highest price in the last 7 years and its value rose by 62%.
Between investing in stocks and speculating, Buffett wrote that, over an extended period, the former will prove to be the big winner. So, are the headlines and tweets correct? Did Warren Buffett, at 90, change his lifelong investment strategy and shorten the United States? Don't bet on it. However, for investors, the scene may be reminiscent of a famous metaphor used by Warren Buffett to explain why investing in gold could be unwise. Buffett is confident that investments in leading companies will continue to pay off in the long term.
Warren Buffett has warned against selling stocks, hoarding cash and buying gold or bitcoins when a war breaks out, since he believes that investing in companies is the best way to generate wealth over time.