Already since 1997, Berkshire’s shares have declined relative to gold.
The nearby chart indicated that if you had sold Berkshire Hathaway in 2003 and bought gold instead, your investment would have performed more than 350% better over the last 10 years.
Bottom line: Based on more than a decade, there has not been a
single moment since late 1997 what an investor would have been better
off buying Berkshire Hathaway instead of gold.
Return from Gold and Warren Buffett to Precious Metals Investing