Gold prices are at an all-time high—but experts like Warren Buffett don't always recommend investing
Publishing timestamp: 2024-04-01 15:47:39
Summary
Gold prices are at an all-time high, with many investors still interested in it as a way to diversify their portfolios. However, investing experts caution against making gold a major building block of your portfolio, as it does not produce anything. While gold tends to perform well in "risk off" markets, its track record in periods of inflation is spotty. Billionaire investor Warren Buffett avoids gold for this reason, preferring assets that will grow and deliver returns at a compounding rate over the long term.
Sentiment: NEUTRAL
Keywords: exchange-traded funds, gold comex (apr'23), u.s. 10 year treasury, warren buffett, united states, ford motor co,
Source: https://www.cnbc.com/2024/04/01/gold-prices-hit-all-time-high-what-to-know-before-investing.html