Gold versus Warren Buffett

April 30, 2009

I have just completed an analysis of the performance of the spot price of gold vs. Berkshire Hathaway. I think you will find the results are a little suprising.

Interestingly, Buffet himself emphasised the non-productive aspects of gold in a speech at Harvard in 1998:
"It gets dug out of the ground in Africa or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility."
Perhaps its utility is in balancing a porfolio Warren? Download the gold-vs-warren-buffett PDF.

Mark OByrne

Also on news-goldcore-com

Videos

Patrick Karim, Charts and Gold’s Next Breakout

3 weeks ago

Gold Down $100? This Really Shouldn’t Be A Surprise

2 months ago

Expect $2,500 – $3,000 Gold In Next 12 Months

3 months ago

Blog posts

Will The Gold Price Shift As Two Great Titans Leave Us?

3 days ago

For much of November gold has been on a tear and this week investors have sent it way up, punching past $2000. Will these giddy heights of over $2,000 be how gold chooses to see out month-end? At the time of writing we cannot be sure. Yesterday prices did soften ever so slightly but the […]

Gold, a seasonal rally and the future of money

1 week ago

Happy Thanksgiving to all of our readers. For anyone celebrating we hope you have a wonderful day and we thank you for your support this past year. Big news this week – gold hit $2,030 in intra-day trading on Tue, it didn’t hang on but it did close the day with a hefty $20 gain […]

Gold Pops as Credit Crunch Looms

2 weeks ago

The double figure pop up in gold on Tuesday was more to do with weakening of the US dollar, than rampant gold demand itself. The significant drop in the fiat currency was largely thanks to the release of October’s CPI report. Echoing that of the previous month, the report showed weaker growth and lower than […]