Avoid gold and bonds, says Warren Buffett

Steer clear of gold and bonds, says Warren Buffett. These traditional 'safe havens' are easy prey to the ravages of inflation. So, how does the 'sage of Omaha' think you should protect your wealth?

America's most famous investor, Warren Buffett, has told investors to stay away from traditional safe havens', such as gold and government bonds, warning that they are more risky than stocks.

The 81-year-old sage of Omaha' thinks that most money managers don't know how to judge risk properly, and look at the wrong numbers. "It all boils down to how you define investing", Buffett tells US magazine Fortune.

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.