Investing in gold always pays off

There are scores of investors who think gold is a legitimate attractive investment. We show why it isn't. Busting the myth Let's begin by quoting one of Buffett's most famous quips on gold, "Gold has done very badly [as an investment] in the past and I see no reason why it will work well in the future. All that happens is that it is taken out of the ground in South Africa and put back in the ground in Fort Knox." (Berkshire Annual Meeting, 2005). The run-up in gold prices has caused many to pause and think about the long-term gains we could have if we invest in gold. Buffett shows the folly of this train of thought. "Gold is a way of going long on fear, and it ha

This article was originally published on April 24, 2018.