Gold is a way of going long on fear, and it has been a pretty good way of … - Warren Buffett

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This was a big storm and he might as well enjoy it. It was ruining everything, but you might as well enjoy it

Warren Buffett

Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.

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