Mr. Buffett said he preferred to invest in productive assets like company stocks and farm land, rather than on gold, oil or art.

Mr. Buffett said he preferred to invest in productive assets like company stocks and farm land, rather than on gold, oil or art.
He said if all the gold in the world could be condensed, it would be a cube which was 67 feet on all sides -- enough to fit a large auditorium. But what can you do with this cube? "You can fondle it," said Mr. Buffett, or stare at it, but it will not produce any returns. "You're betting on the price of the asset not on the productivity of the asset," said Mr. Buffett.
He said he preferred to bet on assets that are productive, like stocks of companies or farm land which produces crops.
These productive investments have helped the 80-year-old create vast wealth for himself, valued at nearly $50 billion, according to Forbes magazine.