In Warren Buffett’s letter to Berkshire Hathaway shareholders released in late February, 2012, Mr. Buffett expressed his skepticism with respect to the investment merits of gold. He stated that gold is a favorite of investors who fear almost all other assets, especially paper money.
What motivates most gold purchasers is their belief that the ranks of the fearful will grow. As “bandwagon” investors join any party, they create their own truth - “for a while“. “What the wise man does in the beginning, the fool does in the end.”……………………………………….Full Article: Source