Billionaire investor Warren Buffett has dismissed gold as a valueless asset saying that it has no inherent value.
He warned that gold was a self-inflating bubble, created by investors desperate for a viable alternative to property and shares.
The famous investor warned that investors in gold would be left with egg on their face when the price eventually crashed.
"Bubbles blown large enough inevitably pop," he said. "And then the old proverb is confirmed once again: "What the wise man does in the beginning, the fool does in the end."
Old geezer should stay put in WHAT HE PEDDLES and NOT start tampering with OTHER PEOPLES ASSETS or he shall get his old pants SUED FOR RIGGING THE MARKETS to favor gold and Silver less JPM and BANKSTERS FRIENDS lay of your mouth of Gold WARREN go bak to your eggs peddling pal