💥Don't rush if you haven't bought gold and silver; Buffett hasn't bought either｜It's just that he doesn't buy, I can't afford it.
Recently, gold and silver have soared, with the market value of silver already 3.5 times that of $BTC ,
A bunch of people in my circle saying "I've already boarded the train,"
Only I keep confirming: Should I be anxious?
Later, I figured it out—no need to be anxious, because Buffett hasn't bought either.
Buffett doesn't touch gold for a very simple (and painful) reason:
Warren Buffett has repeatedly stated three points:
1️⃣ Gold is a non-productive asset
It doesn't bear children, doesn't lay eggs, doesn't create cash flow
If you stare at it, it will only reflect light back at you.
2️⃣ The returns from gold come from "more people buying in"
Essentially, it's an emotional gamble
It's not about business growth.
3️⃣ Long-term returns can't compete with productive assets
Farmland produces grain
Companies make money
Gold will only... continue to be gold.
In 2011, he even conducted an "experiment for the rich"
Assuming you take the same amount of money:
Plan A: Buy all the gold in the world
Plan B: Buy all the farmland in the U.S. + top companies
100 years later:
Plan A: You're still holding a pile of dead gold bars
Plan B: Food, profits, dividends, and wealth will snowball.
Conclusion in one sentence:
Gold does not participate in human progress.
So his evaluation of gold is quite harsh:
Gold is a bet on fear, not on productivity and the future.
No wonder he is completely uninterested.
But here comes the problem...
Now that silver has risen like this, the gold and silver train is full,
And I'm here repeating Buffett's words,
While crazily clicking on K lines.
To be honest:
I don't quite understand the world of the rich.
When he says "I don't buy," it's because he has already won big.
And I don't buy because—
I'm really quite bitter, and I truly envy the friends who have already boarded the train.
The last sentence to comfort myself:
Buffett doesn't buy gold and silver because he bets on:
Enterprises, productivity, and human progress.
And now, as I watch gold and silver rise, I bet on:
Hoping the next turn will be mine.
📉📈
Understanding the reasoning is easy,
But watching others make money without feeling bitter is really hard.
