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Gold recently hit an all-time record high price. But rather than try and build my wealth by buying the yellow metal, I am focussed on the UK stock market.
It has also been doing quite well lately, as it happens.
Like gold, the FTSE 100 index of leading blue-chip companies listed on the London stock market also hit an all-time high this month.
But that only tells part of the story, as far as I am concerned. Here is why I am putting money into British shares right now.
The value of a productive asset
I remember billionaire investor Warren Buffett being asked why he did not invest in gold many years ago.
His response was that gold buyers paid some people to dig the precious metal out of one hole in the ground, before it was moved to another hole in a ground that they paid other people to guard.
In other words, gold is an unproductive asset. By contrast, a gold mine can be a…
