A worker polishes gold bullion bars at the ABC Refinery in Sydney. Gold prices hit US$2,000 an ounce on markets for the first time on August 4, the latest surge in a commodity seen as a refuge amid economic uncertainty. — AFP
ONE of the savviest investors of all time, the sage of Omaha, Warren Buffett, has long been a de facto leader of the anti-gold investment crowd. His view is simply this: that gold is not a productive asset.
In Buffet’s opinion, gold is just a piece of lustrous storage space and racks up security fees.
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