
As gold prices breached $4,300 an ounce in 2025, renowned valuation professor Aswath Damodaran is reinforcing a long-held skepticism championed by Warren Buffett: gold is not a true financial asset.

As gold prices breached $4,300 an ounce in 2025, renowned valuation professor Aswath Damodaran is reinforcing a long-held skepticism championed by Warren Buffett: gold is not a true financial asset.