Earlier this week, precious metals markets got a surprising Buffett bounce.
Legendary investor Warren Buffett isn’t often associated with gold – at least not in a positive way. In the past Buffett has made derisive comments about the monetary metal. He once quipped that gold “has no utility.”
A perpetual optimist on the U.S. economy, Buffett by nature doesn’t like the message that is sent by higher gold prices. He has likened investing in gold to “going long on fear.”