How does Warren Buffett think about the price of gold in relation to other assets?

Warren Buffett and Charlie Munger answer a couple of questions from a shareholder at the 2002 Berkshire Hathaway annual meeting.
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[@raindogs451]

KZbin Poster: Please do all of us a favor and rename these videos, "Listen to Berkshire shareholders try to impress Warren Buffet with their questions."

[@pongfoong8760]

When the ba bath can used ?

[@pongfoong8760]

It for a long term that I lisent them berk on you pass I work but we can’t improve stamens no mater what we won football World Cup.

[@pongfoong8760]

It depending on you grand ren

[@whatsup3270]

Gold is asset of the economic, and political meltdown, so unless you think a melt down is either coming or a belief in a melt will drive others to gold then avoid gold. Here is the problem: Gold produces no good or service, gold is vital to no good or service

[@lorenzmuller3542]

Then own a miner maybe...!

[@Dave-lr2wo]

There is absolutely zero value in gold in a meltdown. Offer someone gold for their milk at that time and see what happens.

[@Dave-lr2wo]

@@AuAdventures Oh, shut the fuck up. You don't know anything whatsoever. Fucking clown.

[@connorferguson2269]

Gold is used in cpus, it is not useless.

[@appuss1]

6:36 *Cough*ShitCoins*Cough* 😂

[@pongfoong8760]

If I get the sarary on my ba bath.that as you disagree all the time

[@chtur1449]

The question asked in the video does not match the title of this video. The only thing you need to know is what Buffet says early in his response, essentially “the price of gold has nothing to do with the valuation of a company or other investments.” That’s been true since the 1970s, and the question is based on facts that pre-date that. Stupid question, because it is based on a false premise.

[@mrpmj00]

AMAZON: Yep, I bought a ton on the dip. Amazon invested $14 billion in the last quarter alone, the same as it spent in 6 months before that. It is a do not sell stock. ...With the Delta virus coming at full speed ahead, pandemic sales will make a comeback. Amazon is investing so much money, that no competitor will ever be able to catch up. Amazon's not going anywhere so I know that eventually it will come back. Fidelity considers Amazon as a large growth company (probably because as big as it is, it still only has 7% of the retail market) Get on board or be runover, it's up to you.

[@helpmereach10ksubswithnovi96]

Amazon actually has over 50% market share in e-commerce retail volume. I don't know that you can justify future growth with the TAM of all of retail (practically everything that is sold).