Where to store your wealth in Singapore
Many critics of gold and silver like to point out that investment guru, Warren Buffett disdained gold for its lack of utility as a form of investment. In my opinion, I find it strange that many people tend to follow what he preached or wrote. Firstly you need to understand that Warren Buffett is one of the richest men on earth and he is definitely not obliged to reveal the details of his wealth to the rest of the world. Nobody can accurately pin down his amount of assets and the various forms of investments he held.
No, I am not saying that Warren Buffett is hiding any things from the public but the matter of fact is that wealth is a personal thing and you don’t reveal something so personal to the public.
One of the greatest fears of the rich is losing their wealth. This is understandable as very few people can take the blow of losing their hard-earned wealth accumulated over years of hard work. It is this fear that drive the rich to seek safe haven to protect their wealth from the risks in the financial system and store their wealth in precious metals. In fact, gold was reincorporated into the financial system only recently by institutional investors in the western world.
Read More