Warren Buffet, the most famous investor of our time dislikes gold. Yet his father thought gold was critical for society to operate without war, slavery and tyranny. A huge difference of opinion, yet the ultimate respect for each other. Bravo.

Make your own decisions boys. Be brave, and be respectful. We are learning all the time, and updating our views.

What is your view on Gold? Begin an opinion by reading ahead. Love Papa.

Read the Father’s paper.

Here is the Son’s statement:

Warren Buffett, Chairman of Berkshire Hathaway, expressed reservations about gold as an investment :

“When we took over Berkshire, it was selling at $15 a share and gold was selling at $20 an ounce. Gold is now $1600 and Berkshire is $120,000. Or you can take a broader example. If you buy an ounce of gold today and you hold it at hundred years, you can go to it every day and you could coo to it and fondle it and a hundred years from now, you’ll have one ounce of gold and it won’t have done anything for you in between. You buy 100 acres of farm land and it will produce for you every year. You can buy more farmland, and all kinds of things, and you still have 100 acres of farmland at the end of 100 years. You could you buy the Dow Jones Industrial Average for 66 at the start of 1900. Gold was then $20. At the end of the century, it was 11,400, and you would also have gotten dividends for a hundred years. So a decent productive asset will kill an unproductive asset.