Warren Buffett : Gold Is Useless Asset

Billionaire investor Warren Buffett has dismissed gold as a valueless asset saying that it has no inherent value. In an article for Fortune magazine, Buffett said that gold investors were pinning their hopes on future demand."Bubbles blown large enough inevitably pop," he said. "And then the old proverb is confirmed once again: "What the wise man does in the beginning, the fool does in the end." Warren Buffet says . The famous investor warned that investors in gold would be left with egg on their face when the price eventually crashed.You should continue to ignore gold according to one of the richest men in the world. - via The Telegraph