During an interview with Bloomberg, he said the following: “Buying gold has become not a standard decision for me, since I did not understand the meaning of owning gold before, since the yellow precious metal does not bring interest income, and besides, you need to pay the costs of its storage. But if you look at how the depreciation of fiat currencies occurs, it becomes necessary to have a stable asset to protect savings from depreciation. "
According to the billionaire, he is not worried about the prospects for the US dollar. Most of all, he is worried about other countries that print unsecured money. He also believes that inflation will rise even more. Therefore, buying gold became a conscious and correct decision for him. As an example, he cited the rise in prices for many building materials, and many supply chains have not been able to recover from the coronavirus crisis.