Warren Buffett has cautioned against stockpiling cash, gold, or bitcoin in times of war - and declared stocks are the safest long-term play
Warren Buffett has cautioned against dumping stocks, hoarding cash, and buying gold or bitcoin when war breaks out, as he believes investing in businesses is the best way to build wealth over time.that Russia's invasion of Ukraine at the time wouldn't spur him to sell any stocks.
"Well, if you tell me all of that is going to happen, I will still be buying the stock," he said."You're going to invest your money in something over time. The one thing you could be quite sure of is if we went into some very major war, the value of money would go down. "American businesses are going to be worth more money," Buffett said."Dollars are going to be worth less, so that money won't buy you quite as much.over the next 50 years than you will be owning pieces of paper, or I might throw in bitcoins," he added.Buffett bought his first stock at age 11 in the spring of 1942, when the US was suffering heavy losses in World War II, he recalled inHe swapped his $115 in savings for three shares of Cities Service.
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