Subject: Re: Buffett/Munger have been dead WRONG on gold
“ Over the past 25 years, since January 2000, the price of gold has nearly doubled the S&P average. ”

True. But Berkshire did slightly better. And that’s gold price only, no costs taken into account. There has to be costs when owning the metal - storage, insurance?

My money, literally, is on continued Berkshire outperformance. I’d rather own a productive asset.

https://testfol.io/?s=8vzHewlE...