Warren Buffett Explains Why Stocks Are Better Than Gold - Wall Street Examiner Forums and Bears Chat

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#1 WorkingPoor

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Posted 09 February 2012 - 10:50 AM

Warren Buffett watchers won't be surprised by the news that the Berkshire Hathaway CEO is not a fan of gold, and instead prefers investments in real productive enterprises.

In the latest issue of Fortune, Buffett has a "preview" of his upcoming annual shareholders letter, which will come out in late February.

In it he acknowledges his dislike of currency based investments, given the ongoing devaluation of the dollar and so on.

But contra many, who like gold as a hedge against devaluation and instability, Buffett still likes companies.

Read more: http://www.businessi...2#ixzz1ltsQhs7X