--- title: "Meaning & Key Takeaway of: Gold has two significant shortcomings…" description: "\"Gold has two significant shortcomings, being neither of much use nor procreative.\" — Warren Buffett" image: "https://sms4smile.com/quotes/i/9bf/warren-buffett-183_gold_gold-has-two-significant-shortcomings-be_1770632.png" --- # Gold has two significant shortcomings, being neither of… ![“Gold has two significant shortcomings, being neither of much use nor procreative.” quote by Warren Buffett](https://sms4smile.com/quotes/i/9bf/warren-buffett-183_gold_gold-has-two-significant-shortcomings-be_1770632.png) [Download](https://sms4smile.com/quotes/i/9bf/warren-buffett-183_gold_gold-has-two-significant-shortcomings-be_1770632.png) [Open image](https://sms4smile.com/quotes/i/9bf/warren-buffett-183_gold_gold-has-two-significant-shortcomings-be_1770632.png) > “Gold has two significant shortcomings, being neither of much use nor procreative.” [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Gold lacks practical utility and does not generate new wealth, making it a poor investment. **In simple terms:** Gold is useless and unproductive. Key Takeaway Prefer assets that create value. Themes investment utility productivity Mood analytical pragmatic Type financial economic When to use this quote - portfolio diversification - retirement planning - inflation hedging - commodity trading Key Concepts wealth creation resource scarcity economic value Questions to Reflect On - When might gold be a strategic hold? - How does gold compare to productive assets? A Different Perspective Gold can serve as a hedge in certain markets. ★ ★ ★ ★ ★ No ratings yet [Gold](https://sms4smile.com/quotes/about/gold/) [Gold Significant](https://sms4smile.com/quotes/about/gold-significant-1776341/) [Money](https://sms4smile.com/quotes/about/money/) [Shortcomings](https://sms4smile.com/quotes/about/shortcomings/) [Shortcomings Use](https://sms4smile.com/quotes/about/shortcomings-use-1776342/) [Significant](https://sms4smile.com/quotes/about/significant/) [Significant Shortcomings](https://sms4smile.com/quotes/about/significant-shortcomings-1776340/) [Two](https://sms4smile.com/quotes/about/two/) [Use](https://sms4smile.com/quotes/about/use/) ## Related quotes > [The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of…](https://sms4smile.com/quotes/warren-buffett/the-major-asset-in-this-category-is-gold-currently-a-huge-favorite-of/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time…](https://sms4smile.com/quotes/warren-buffett/gold-is-a-way-of-going-long-on-fear-and-it-has-been-a-pretty-good-way/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [We think we understand another person's struggle until God reveals the same shortcomings in our lives.](https://sms4smile.com/quotes/oswald-chambers/we-think-we-understand-another-person-s-struggle-until-god-reveals/) [Oswald Chambers](https://sms4smile.com/quotes/author/oswald-chambers/) > [If you're honest with yourself, that's the first step in maturing and becoming a better person. If you suppress your shortcomings and fears, they…](https://sms4smile.com/quotes/keith-millard/if-you-re-honest-with-yourself-that-s-the-first-step-in-maturing-and/) [Keith Millard](https://sms4smile.com/quotes/author/keith-millard/) > [but very little achievement is required in order to pity another man's shortcomings.](https://sms4smile.com/quotes/george-eliot/but-very-little-achievement-is-required-in-order-to-pity-another-man/) [George Eliot](https://sms4smile.com/quotes/author/george-eliot/) > [I think that the FIDE leaders have to reconsider the current drawing rules - their advantages aren't very clear, but their shortcomings are obvious.…](https://sms4smile.com/quotes/mikhail-tal/i-think-that-the-fide-leaders-have-to-reconsider-the-current-drawing/) [Mikhail Tal](https://sms4smile.com/quotes/author/mikhail-tal/) > [You can never make someone punctual who is not, or quick who is slow, or lively who wants to plod on carefully. I have…](https://sms4smile.com/quotes/elisabeth-of-wied/you-can-never-make-someone-punctual-who-is-not-or-quick-who-is-slow/) [Elisabeth of Wied](https://sms4smile.com/quotes/author/elisabeth-of-wied/) > [The medical profession (is) a conspiracy to hide its own shortcomings. No doubt the same may be said of all professions. They are all…](https://sms4smile.com/quotes/george-bernard-shaw/the-medical-profession-is-a-conspiracy-to-hide-its-own-shortcomings/) [George Bernard Shaw](https://sms4smile.com/quotes/author/george-bernard-shaw/) > [Heredity is a splendid phenomenon that relieves us of responsibility for our shortcomings.](https://sms4smile.com/quotes/doug-larson/heredity-is-a-splendid-phenomenon-that-relieves-us-of-responsibility/) [Doug Larson](https://sms4smile.com/quotes/author/doug-larson/) > [“The flip side of this reality is that our big brains, advanced as they are, come with an array of complex shortcomings and are…](https://sms4smile.com/quotes/david-disalvo/the-flip-side-of-this-reality-is-that-our-big-brains-advanced-as-they/) [David DiSalvo](https://sms4smile.com/quotes/author/david-disalvo/) > [I do think it is harder to acknowledge our strengths, or to forgive ourselves and each other for our shortcomings, when there has not…](https://sms4smile.com/quotes/chris-cleave/i-do-think-it-is-harder-to-acknowledge-our-strengths-or-to-forgive/) [Chris Cleave](https://sms4smile.com/quotes/author/chris-cleave/) > [God loves us despite our shortcomings and sins, and his love gives meaning to our lives and to the life of the world.](https://sms4smile.com/quotes/pope-benedict-xvi/god-loves-us-despite-our-shortcomings-and-sins-and-his-love-gives/) [Pope Benedict XVI](https://sms4smile.com/quotes/author/pope-benedict-xvi/) > [The second commandment that Jesus referred to was not to love others instead of ourselves, but to love them as ourselves. Before we can…](https://sms4smile.com/quotes/jim-warner/the-second-commandment-that-jesus-referred-to-was-not-to-love-others/) [Jim Warner](https://sms4smile.com/quotes/author/jim-warner/) > [I like men. They are hugely entertaining, but they have a lot of shortcomings and you just have to bear those in mind.](https://sms4smile.com/quotes/jo-brand/i-like-men-they-are-hugely-entertaining-but-they-have-a-lot-of/) [Jo Brand](https://sms4smile.com/quotes/author/jo-brand/) > [I think there are many faces to everyone. I also have my bad sides. Also I think everyone is trying to improve their shortcomings…](https://sms4smile.com/quotes/zhou-xun/i-think-there-are-many-faces-to-everyone-i-also-have-my-bad-sides/) [Zhou Xun](https://sms4smile.com/quotes/author/zhou-xun/) ## More by Warren Buffett > [To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual…](https://sms4smile.com/quotes/warren-buffett/to-invest-successfully-over-a-lifetime-does-not-require-a/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Be fearful when others are greedy, and be greedy when others are fearful.”](https://sms4smile.com/quotes/warren-buffett/be-fearful-when-others-are-greedy-and-be-greedy-when-others-are/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.](https://sms4smile.com/quotes/warren-buffett/making-money-isn-t-the-backbone-of-our-guiding-purpose-it-is-the-by/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are…](https://sms4smile.com/quotes/warren-buffett/we-set-no-volume-goals-in-our-insurance-business-generally-and/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the…](https://sms4smile.com/quotes/warren-buffett/everybody-s-got-a-different-circle-of-competence-the-important-thing/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [It is better to point out your own mistakes than have somebody else do it.](https://sms4smile.com/quotes/warren-buffett/it-is-better-to-point-out-your-own-mistakes-than-have-somebody-else/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're…](https://sms4smile.com/quotes/warren-buffett/i-ve-read-about-all-the-sales-today-if-you-re-an-auto-dealer-you-re/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to…](https://sms4smile.com/quotes/warren-buffett/i-was-lucky-enough-to-be-born-in-a-time-and-place-where-society/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to…](https://sms4smile.com/quotes/warren-buffett/the-most-common-cause-of-low-prices-is-pessimism-some-times-pervasive/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The reaction of weak management to weak operations is often weak accounting.](https://sms4smile.com/quotes/warren-buffett/the-reaction-of-weak-management-to-weak-operations-is-often-weak/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.](https://sms4smile.com/quotes/warren-buffett/what-you-really-want-to-do-in-investments-is-figure-out-what-s/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I don't measure my life by the money I've made. Other people might, but certainly don't.](https://sms4smile.com/quotes/warren-buffett/i-don-t-measure-my-life-by-the-money-i-ve-made-other-people-might-but/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've…](https://sms4smile.com/quotes/warren-buffett/i-mean-the-truth-is-i-ve-never-had-it-so-good-in-terms-of-taxes-i-am/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the…](https://sms4smile.com/quotes/warren-buffett/the-most-important-quality-for-an-investor-is-temperament-not/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate…](https://sms4smile.com/quotes/warren-buffett/investors-of-course-can-by-their-own-behavior-make-stock-ownership/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Explore all 984 Warren Buffett quotes ](https://sms4smile.com/quotes/author/warren-buffett/) ## More Gold quotes > [These joys were so trifling as to be as imperceptible as grains of gold among the sand, and in moments of depression she saw…](https://sms4smile.com/quotes/leo-tolstoy/these-joys-were-so-trifling-as-to-be-as-imperceptible-as-grains-of/) [Leo Tolstoy](https://sms4smile.com/quotes/author/leo-tolstoy/) > [Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is…](https://sms4smile.com/quotes/peter-schiff/most-paper-money-initially-existed-as-a-substitute-for-gold-that-s/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [With every product, the delta between the brand and the reality determines its power over the minds of consumers, and with Trump, that delta…](https://sms4smile.com/quotes/rick-wilson/with-every-product-the-delta-between-the-brand-and-the-reality/) [Rick Wilson](https://sms4smile.com/quotes/author/rick-wilson/) > [Set the bird's wings with gold and it will never again soar in thesky.](https://sms4smile.com/quotes/rabindranath-tagore/set-the-bird-s-wings-with-gold-and-it-will-never-again-soar-in-thesky/) [Rabindranath Tagore](https://sms4smile.com/quotes/author/rabindranath-tagore/) > [A great smile is a wonderful asset, but a good heart is pure gold.](https://sms4smile.com/quotes/dolly-parton/a-great-smile-is-a-wonderful-asset-but-a-good-heart-is-pure-gold/) [Dolly Parton](https://sms4smile.com/quotes/author/dolly-parton/) > [I with borrow'd silver shine, What you see is none of mine. First I show you but a quarter, Like the bow that guards…](https://sms4smile.com/quotes/jonathan-swift/i-with-borrow-d-silver-shine-what-you-see-is-none-of-mine-first-i/) [Jonathan Swift](https://sms4smile.com/quotes/author/jonathan-swift/) > [Surely, God could have caused birds to fly with their bones made of solid gold, with their veins full of quicksilver, with their flesh…](https://sms4smile.com/quotes/galileo-galilei/surely-god-could-have-caused-birds-to-fly-with-their-bones-made-of/) [Galileo Galilei](https://sms4smile.com/quotes/author/galileo-galilei/) > [Ring out false pride in place and blood, The civic slander and the spite; Ring in the love of truth and right, Ring in…](https://sms4smile.com/quotes/alfred-the-great/ring-out-false-pride-in-place-and-blood-the-civic-slander-and-the/) [Alfred the Great](https://sms4smile.com/quotes/author/alfred-the-great/) > [Just as the setting sun turned the clouds to liquid gold.](https://sms4smile.com/quotes/michael-ende/just-as-the-setting-sun-turned-the-clouds-to-liquid-gold/) [Michael Ende](https://sms4smile.com/quotes/author/michael-ende/) > [No matter what. Wherever your mind wanders, it seems to turn up at the same Field of Dreams. It's the vision you wake up…](https://sms4smile.com/quotes/james-c-collins/no-matter-what-wherever-your-mind-wanders-it-seems-to-turn-up-at-the/) [James C. Collins](https://sms4smile.com/quotes/author/james-c-collins/) > [The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it…](https://sms4smile.com/quotes/garet-garrett/the-spectacle-of-a-great-solvent-government-paying-a-fictitious-price/) [Garet Garrett](https://sms4smile.com/quotes/author/garet-garrett/) > [Nothing good comes on a platter of gold](https://sms4smile.com/quotes/anonymous/nothing-good-comes-on-a-platter-of-gold/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [All the people in Korea are cheering me like I'm a gold medalist or something, so I have a responsibility to my country.](https://sms4smile.com/quotes/psy/all-the-people-in-korea-are-cheering-me-like-i-m-a-gold-medalist-or/) [PSY](https://sms4smile.com/quotes/author/psy/) > [All metallics are neutrals. So it is absolutely fine to mix gold and silver; you just want it to look like it has purpose.](https://sms4smile.com/quotes/stacy-london/all-metallics-are-neutrals-so-it-is-absolutely-fine-to-mix-gold-and/) [Stacy London](https://sms4smile.com/quotes/author/stacy-london/) > [He gives only the worthless gold who gives from a sense of duty.](https://sms4smile.com/quotes/james-russell-lowell/he-gives-only-the-worthless-gold-who-gives-from-a-sense-of-duty/) [James Russell Lowell](https://sms4smile.com/quotes/author/james-russell-lowell/) [Browse all 3,806 Gold quotes ](https://sms4smile.com/quotes/about/gold/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Gold has two significant shortcomings, being neither of much use nor procreative.", "creator": { "@type": "Person", "name": "Warren Buffett" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/warren-buffett/gold-has-two-significant-shortcomings-being-neither-of-much-use-nor/", "about": { "@type": "Thing", "name": "Gold" }, "@id": "https://sms4smile.com/quotes/warren-buffett/gold-has-two-significant-shortcomings-being-neither-of-much-use-nor/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/9bf/warren-buffett-183_gold_gold-has-two-significant-shortcomings-be_1770632.png", "contentUrl": "https://sms4smile.com/quotes/i/9bf/warren-buffett-183_gold_gold-has-two-significant-shortcomings-be_1770632.png", "url": "https://sms4smile.com/quotes/i/9bf/warren-buffett-183_gold_gold-has-two-significant-shortcomings-be_1770632.png", "width": 1080, "height": 1080, "caption": "“Gold has two significant shortcomings, being neither of much use nor procreative.” — Warren Buffett", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Warren Buffett", "item": "https://sms4smile.com/quotes/author/warren-buffett/" }, { "@type": "ListItem", "position": 4, "name": "Gold has two significant shortcomings, being...", "item": "https://sms4smile.com/quotes/warren-buffett/gold-has-two-significant-shortcomings-being-neither-of-much-use-nor/" } ], "@id": "https://sms4smile.com/quotes/warren-buffett/gold-has-two-significant-shortcomings-being-neither-of-much-use-nor/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```