22 May 2019
Warren Buffett, The Oracle of Omaha
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Gold is a store of wealth.
This is undisputed and has been the case for millennia and is the case today.
However the problem with investing in gold is that it does not multiply. A bar of gold does not produce gold ingots, in fact it literally makes nothing and costs the investor money to securely store the gold against theft.
This latest video on gold is all about how billionaires are investing in gold as a defense asset for the next financial catastrophe.
Click to watch.
Now before everyone suffers a bout of gold fever we pulled this out of the archive from Warren Buffett’s playbook as a reminder about why business enterprise has been and will continue to be the best performing asset class over the long term.
It is just so simple when you focus on buying quality assets at reasonable or better still discounted prices.
Click to read.
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.
