Buffett: Gold is a chicken that can’t lay eggs

Buffett: Gold is a chicken that can’t lay eggs According to news on May 4, two days before the start of the Buffett shareholder meeting, stock god Buffett returned to his hometown of Omaha to accept CN...

On May 2, the Fortune magazine interview was held at the Omaha campus of the University of Nebraska State University. Although the topic of this interview is about the influence of women on the US economic status, during the interview, when asked about the issue of gold, which has been falling, Buffett said that he would not buy it. According to Forbes and the 2013 Global Billionaires List released in March, Buffett is the third richest person in the world after fashion brand founder Amancio Ortega, with a net worth of US$570.

As a leader in the investment community, Buffett said, "Even if the price falls to 1,000 US dollars per ounce, or even 800 US dollars, I will not buy it. I think gold has no use except for looking at it." In past investments, Coca-Cola and Wells Fargo were its main investment projects, but Buffett compared them to a "chicken that lays eggs." Energy continuously produces economic benefits, while gold is a "chicken that cannot lay eggs."