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I don't think Buffett was comparing bitcoin to gold. He doesn't like gold investments for the same reason - it's not productive. He's talked about that a lot
by jmcqk6 8y ago
I don't think Buffett was comparing bitcoin to gold. He doesn't like gold investments for the same reason - it's not productive. He's talked about that a lot in the past.
- mediocrejoker 8y agoThe article implies he was dong just that. It's right there in the quote. Am I misunderstanding what you're saying?
- takeda 8y agoThe quote: > "The asset itself is creating nothing," said Buffett, comparing bitcoin to "productive" assets such as gold or a farm. That actually wasn't the quote, the remark about gold and farm was made by the article's author. Edit: here[1] is the actual quote and video [1] https://news.ycombinator.com/item?id=17197491 https://news.ycombinator.com/item?id=17197491
- eej71 8y agoThis article has a good quote from Warren that likely better captures his view on gold. http://www.businessinsider.com/warren-buffett-compares-stocks-and-gold-returns-2018-5 http://www.businessinsider.com/warren-buffett-compares-stock...