Warren Buffett: Why stocks beat gold and bonds | Fortune

https://archive.is/5il0L

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Thanks for sharing this.

‘“In God We Trust” may be imprinted on our currency, but the hand that activates our government’s printing press has been all too human.’

Buffet doesn't understand gold

He says it's an unproductive asset that will just sit there, and you have to sell it to some "greater fool" for it to be productive

But at the same time Buffet says he holds many billions of rapidly depreciating paper assets because he needs liquidity

If only there were some liquid asset that wasn't rapidly depreciating...