Quote Originally Posted by Jordan View Post
Gold isn't an investment. Great.

You get that, but the common debate seems to be that gold is the investment of a lifetime when it is little more than an on-again, off-again inflation hedge. Hence, Buffett does not buy gold for improved performance in Berkshire's portfolio.
When you are Warren Buffett you don't need gold. Your investments are always going to beat the devaluation of the dollar because you own politicians that will grant favors to the companies you invest in and prop up the cartels you invest in. He has no need for a stable store of value.