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The Street: Warren Buffett Prefers Investing in Silver Over Gold

Recently, gold prices have reached record levels as central banks and investors increased their holdings to hedge against inflation and economic risks. However, Warren Buffett expressed skepticism about gold as a long-term investment.

Buffett described gold as a metal that produces nothing and does not reproduce, stating in his 2011 shareholder letter: "If you own one ounce of gold forever, you will still own one ounce at the end." Industrial demand is limited, and gold depends on investor fear.

As for silver, it has been his largest investment, with Berkshire Hathaway purchasing over 129 million ounces between 1997 and 1998, roughly a quarter of the global annual production at the time, later selling it after its value doubled.

Today, silver is not just a metal but a vital element for solar energy, electric vehicles, data centers, and modern infrastructure, making it a strategic and vital metal and reinforcing Buffett's long-term vision.
From Warren Buffett's perspective, gold is used as a hedge tool rather than for wealth accumulation, while silver combines investment value with practical utility.

*The published content is not investment advice. Financial decisions are your personal responsibility, and we always recommend conducting your own research or consulting a professional before making any investment move.

Source: The Street