Re:Berkshire: Bitcoin is ‘contrary to the interest of civili...
by elliekelly on Monday May 10, 2021 @08:34AM
(#27105277)
One that has a long and storied history of only investing their money in productive assets. Buffet doesn’t even buy gold.
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Re:Berkshire: Bitcoin is ‘contrary to the interest of civili...
by adventured on Monday May 10, 2021 @08:47AM
(#27105389)
Buffett isn't entirely adverse to metals such as gold, the reason he doesn't buy gold is he doesn't think it's often undervalued.
His history with silver for example:
"Warren Buffett made an unusual move in 1997 when he bought 111 million ounces, or nearly 3,500 tons, of silver. The famed investor's purchase helped make Thomas Kaplan a billionaire."
https://markets.businessinsider.com/news/stocks/warren-buffe...
https://seekingalpha.com/article/376711-evidence-that-warren...