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"Don't Buy Bitcoin or Gold": What Is Warren Buffett's Choice?

Warren Buffett, Chairman and Chief Executive Officer (CEO) of Berkshire Hathaway, USA. Photo by AP Yonhap News.
Warren Buffett, Chairman and Chief Executive Officer (CEO) of Berkshire Hathaway, USA. Photo by AP Yonhap News.

'Oracle of Omaha' Warren Buffett. The Release of the Book "Warren Buffett Bible"


Warren Buffett, known as the 'Oracle of Omaha,' who is now 95 years old, has presented an optimistic outlook on investing in the U.S. market. In his recently published book "Warren Buffett Bible," he emphasized, "America's golden age has not even begun yet," and stated, "The vitality rooted in the U.S. market economy will continue to work like magic going forward." Even as global economic uncertainty grows, he reaffirmed his strong confidence in the U.S. market.


"No Suitable Investment? Buy U.S. ETFs," He Advises

"America's Golden Age Hasn't Even Started Yet... Hold S&P 500 and Other ETFs for the Long Term"

Buffett expressed optimism about the U.S. economy and advised that if there are no suitable investment options, one should buy and hold long-term U.S. exchange-traded funds (ETFs) like the Standard & Poor's (S&P) 500 index.
Buffett expressed optimism about the U.S. economy and advised that if there are no suitable investment options, one should buy and hold long-term U.S. exchange-traded funds (ETFs) like the Standard & Poor's (S&P) 500 index.
The advice is to invest in the entire U.S. market rather than chasing specific stocks.
U.S. representative index ETFs such as the S&P 500 and Nasdaq invest mainly in blue-chip stocks, so while short-term volatility exists, they have shown steady upward trends over the long term.

Direct Criticism of Bitcoin and Gold: "No Productive Value"

Buffett drew a firm line regarding unproductive assets such as Bitcoin and gold. He said, "Apartments generate rent, farmland produces food, but Bitcoin produces nothing," expressing his negative stance on investing in virtual assets. The same applies to gold. He pointed out, "The 170,000 tons of gold circulating worldwide will not change in size even after 100 years and offer no productive value," adding, "No matter how carefully you caress a gold bar, there will be no response." Furthermore, he emphasized the value of assets that generate production and income, saying, "With 170,000 tons of gold, you could buy all the farmland in the United States and 16 companies like ExxonMobil."


"Bitcoin Produces Nothing"

"Don't Buy Bitcoin or Gold": What Is Warren Buffett's Choice? 원본보기 아이콘

"Gold Doesn't Respond Even If You Caress It" - Negative Stance

"Don't Buy Bitcoin or Gold": What Is Warren Buffett's Choice? 원본보기 아이콘

Buffett's optimistic outlook on the U.S. market stands in stark contrast to Robert Kiyosaki, who continues to stress confidence in gold and Bitcoin investments. Kiyosaki, author of the global bestseller "Rich Dad Poor Dad," has long advocated a 'weak dollar' theory and emphasized gold, silver, and Bitcoin as alternative assets. In April, he warned, "The value of stocks, bonds, and the dollar will all be shaken," and advised, "Protect your portfolio by investing in gold, silver, and Bitcoin." Kiyosaki recently pointed out, "Major signals of a significant stock market decline have already been detected," and especially warned that the baby boomer generation, whose retirement assets are tied up in stocks, will be hit hard. In contrast, he predicted that investors holding gold, silver, and Bitcoin could actually benefit.


Kiyosaki, Author of "Rich Dad Poor Dad," Warns: "Sell Stocks, Buy Gold and Bitcoin"

Robert Kiyosaki. Robert Kiyosaki SNS

Robert Kiyosaki. Robert Kiyosaki SNS

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Meanwhile, Buffett also left several pieces of advice for investors in his book: ▲Do not invest with borrowed money ▲Buy when fear peaks in the market and be cautious during periods of overheating ▲If you discover an excellent company, hold it for the long term ▲You do not need to know the entire market, but you must thoroughly understand the companies you invest in. These are messages he has repeated for decades and the philosophy that has helped grow Berkshire Hathaway into the world's largest investment company even during crises.


This new book comprehensively covers Buffett's statements at shareholder meetings, shareholder letters, and media interviews from 1983 to 2025. It encompasses a wide range of topics, including stock investment, mergers and acquisitions, capital allocation, accounting and valuation, as well as bonds, foreign exchange, derivatives, corporate governance, corporate culture, and the insurance and financial industries.

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