Warren Buffet did not hink so. Because like cyrpto, it has not productive function. Unlike companies that produce products, are sold, there are needs by the people
In hard times its price actually falls. Also most of the gold supply are limited and mostly what you trade are certificates - paper that hardly represent real gold. Its gain over certain number of years has been 10% or less. Stocks fared better. Appreciation and dividends
For an investment to be truly valuable it must be of value to humanity, like food, bottled water, load, internet But gold are just used for jewelry and how many buy jewelry many times over Just a few.
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