21 Oct 2016
Warren Buffett, The Oracle of Omaha: Gold
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Gold has been one of the best performing investments in calendar year 2016 rising from US$1,075 on 1st January to a high of US$1,367 in July and falling back to the current price of US$1,266 per ounce.
That represents a 17.8% return in 10 months.
Before everyone suffers a bout of gold fever we pulled this out of the archive from Warren Buffett’s playbook as a timely reminder about why business enterprise has been and will continue to be the best performing asset class over the long term.
Enjoy and it is just so simple when you focus on buying quality assets at reasonable or better still discounted prices.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.