Why Buffett Derides Gold But Likes Silver

Key Points Warren Buffett has called gold a non-producing asset that "won’t do anything… except look at you." Yet, he has bought silver twice in his career, making over $97 million in profits on the second trade alone. Buffett's interest in silver stems from two key differences it has from gold, which create a profitable equation. 10 stocks we like better than iShares Silver Trust › In Berkshire Hathaway's 2006 annual presentation, Warren Buffett was asked how he assessed the value of precious me ...