A junior high investment club wrote in to CNBC’s Squawk Box to ask legendary investor Warren Buffett what he thought the price of gold would be in five years and whether the yellow metal should be a part of value investing. Obviously the junior high kids have been educated that inflation is coming down the pike given the massive monetary stimulus that the Federal Reserve is engineering. So it’s perfectly reasonable that they would pose their question to the world’s greatest investor. But Buffett doesn’t understand that gold is the people’s money. FULL ARTICLE
The Trouble with Warren Buffett
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