Warren Buffett is an investing icon, and when he talks about the stock market, individual investors and Wall Street insiders alike take notice. But perhaps Buffett’s most controversial investment advice regards gold prices. Gold bullion, gold miners and gold ETFs simply have no place in Warren Buffett’s portfolio. And to hear Buffett tell it, gold should have no place in yours, either.
So why does Warren Buffett hate gold so much? Well, the famous value investor has been pretty clear on this. In a word, gold is useless.
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