Exclusive: Gold rush


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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Gold , Habib Jewels , Meer Sadik , Barrick Gold ,

   

Next In Business News

Yinson unit enters call option to acquire Netherland-based AFPS
Bursa Malaysia applauds PLCs embracing board gender diversity
Rex Industry to decommission Bukit Minyak factory
Tech shares see biggest-ever weekly inflow on AI boom-BofA
Ringgit higher against US$, regional peers
Gold heads for best week since April on Fed pause bets
Late recovery lifts Bursa Malaysia off intraday low
Bumi Armada assessing solutions to Kraken FPSO shut-in
Rehda: Govt should be responsible for delivery of affordable housing
Lee Yeow Seng redesignated CEO of IOI Properties, Voon Tin Yow to retire on July 1

Others Also Read