Does warren buffett invest in gold and silver?

Even though the tycoon has no taste for gold, he still invests in precious metals. The idea of buying “non-confiscable” gold sounds like a powerful argument, and investing in a Gold IRA Rollover Kit is a great way to take advantage of this opportunity. All of this will produce an exciting rise in the price of gold at some point in the future, probably sooner than most expect. These coins, made of a natural alloy of gold and silver, were called staters and were the forerunners of the Greek states. As noted above, the premise of “non-confiscable gold” lies in Roosevelt's Executive Order, which exempted “gold coins from a special value recognized to collectors of rare and unusual coins.” Gold coins that are promoted as “not confiscable” have a “special value” recognized by collectors of rare and unusual coins.

Many first-time gold investors respond to Gold Eagles or Maple Leafs advertisements and switch to rare coins. Buffett has also spoken quite extensively about his belief that people who buy gold are basically betting on fear. In addition, in 1977, Congress withdrew the president's authority to regulate gold transactions during a period of national emergency other than the war. The myth that certain types of gold coins “are not confiscable” stems from President Roosevelt's 1993 executive order calling for gold.

The explanation for Buffett's aversion to gold and his enthusiasm for silver is due to his basic principles of value investing. The surpluses of the 1980s supported this position, and the idea that there will always be sufficient supplies of silver available has become an axiom among “sophisticated investors” who ignore the work of the CPM Group, the Silver Institute, Gold Fields Mineral Services and other analytical firms that over the past few years have pointed to a fall in silver stocks. The coins make this a unique opportunity to increase the amount of gold you have without generating more money. 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.

This gold will come out of production, further reducing the supply of gold available to meet demand. The opinions expressed in these interviews do not reflect the views of Investing News Network and do not constitute investment advice.