GOLD SCEPTICS ARE RETHINKING THEIR STANCE: KNOW WHY

For years, I've been in Warren Buffett's camp on gold. His critique is simple: gold produces nothing, earns nothing, and just sits there looking pretty.

- DHIRENDRA KUMAR

If you melted all the gold in the world into a cube, Buffett calculated, it would be 68 feet per side. You could buy all American farmland, plus the world’s largest companies with its value. Which would you rather own—the productive assets generating wealth, or the inert cube of metal?

I've repeated this argument to readers asking about gold. Buy businesses, buy equity, buy anything producing value rather than reflecting fear or speculation. I still believe this fundamentally. But something has changed—not my principles about productive assets, but the world around them. Intellectual honesty demands acknowledging when circumstances shift beneath your feet.

Shifts in global monetary landscape

The changes are not subtle. Central banks worldwide have become net gold buyers on a scale not seen in decades. China, India, Turkey, among others are building gold reserves while reducing dollar holding. It isn’t speculation—these are measurable policy shifts by institutions thinking in decades, not sessions.