| Warren Buffett thinks every investor should own a little bit of gold. Yet, while on CNBC recently for an hour-long segment, the legendary investor also said that he prefers "investments" versus "speculative trades." That is, he prefers to hold investments that earn money and generate income rather than ones that are hoped to go up in value.
Obviously that means Buffett prefers equities of companies that generate income for shareholders; commodities, like gold, of course do not generate income. Buying a commodity in the hopes that someone will pay you more for it later is purely speculative, and not as much within the Buffett playbook. ..............................................Full Article: Source
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