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Gold is not an investment
Gold is not an investment, because it has no risk and no return. Warren Buffett's well known criticism of gold is that it has no return and therefore no chance of compounding his wealth. He's right. Gold has no yield; it's not supposed to,because it has no risk. If you buy an ounce of gold and keep it for 10 years, you end up with an ounce of gold---no more, no less. Of course, the " dollar price " of a gold ounce may have changed radically in ten years. That's not a gold problem; it's a dollar problem.
~~~From The Book, New Case For Gold


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