Buffett doesn't buy gold, just like you don't often write with a brush now, or you don't build yourself a carriage if you have money. From the monetary point of view, gold is a product of the past. The reason why it was eliminated by human beings must be that there are better substitutes, and the former must have some defects. From the point of view of metal, the industrial value of gold is not great, and what is more frightening is that it will always exist and will not be oxidized, which is one of the important reasons why human beings chose gold as currency from thousands of commodities in the past. Buffett doesn't invest in gold as you or people think, but he doesn't earn interest. In essence, it can't create real wealth, which means that Buffett may not like investing in antiques, which is related to his being a realist. Say something simple.
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