US EditionInvesting in gold – the bear case
Summary by ROGER MONTGOMERY
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Investing in gold – the bear case
Last week I explored the bullish perspective of investing in gold. As promised, this week I will explore the viewpoints of several gold bears. Warren Buffet, the renowned American investor and philanthropist, argues that gold is a poor long-term investment because it produces neither dividends nor earnings. Similarly, Charlie Munger, Buffet’s long time business partner, believes that investing in productive businesses that build long term value …
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