Does warren buffett invest in gold and silver?

Even though the tycoon has no taste for gold, he still invests in precious metals. As this issue of Monetary Digest reveals, Certified Mint continues to believe that silver is the best investment of precious metals, and maintains that it will generate greater profits than gold or platinum. While he sometimes reveals if he was behind a trade, he hasn't revealed it with regard to the investment in Barrick Gold, at least that's what I've seen. One of Buffett's basic investment principles is that you should only invest in things that are useful and that serve some purpose and that meet some practical needs that people have.

The Executive Order exempted collectors from rare and unusual coins “gold coins with a recognized special value”, but it did not define special or collector value and, of course, not collectible ones. Gold coins are good purchases only when they are sold in cash or with small premiums above the value of their gold content. In general, these misconceptions and falsehoods center on the fear that the government may call gold again as it did in 1933.Soon after the birth of the United States, Congress set the new country on a bimetallic pattern with the Act of Minting Silver and Gold Coins at a fixed ratio of 15 to one, a ratio accepted worldwide at that time for the exchange of silver and gold. If gold fails to rebound, banks may fear that gold will remain lower for a long time, leading them to resume sales.

For what it's worth at today's gold prices, you couldn't buy all the farmland in the United States. Monetary Digest has maintained for years that silver offers better upward price potential than gold or platinum. The opinions expressed in these interviews do not reflect the views of Investing News Network and do not constitute investment advice. Although the Thai baht and the South Korean won became pariahs in world money markets, donated gold was impatiently purchased after refining.

To claim that gold and silver cannot move in opposite directions ignores the law of supply and demand. He has transferred a large part of the portfolio to two investment managers, Ted Weschler and Todd Combs.