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Stay Away from the Awful Gold
Warren Buffett warned a group of Indians listening to a speech he was giving in India that they should stay away from Gold.

Mr. Buffett said that gold, oil and art are investments that don’t produce any income or product. So, investors who buy these are counting on them becoming more attractive to other people in the future. “That’s a whole different game” compared to investing, said Mr. Buffett.

What can you do with the 67 feet gold cube?
He said if all the gold in the world could be condensed, it would be a cube which was 67 feet on all sides — enough to fit a large auditorium. But what can you do with this cube? “You can fondle it,” said Mr. Buffett, or stare at it, but it will not produce any returns. “You’re betting on the price of the asset not on the productivity of the asset,” said Mr. Buffett.

He said he preferred to bet on assets that are productive, like stocks of companies or farm land which produces crops.