Gold: it's really a solid investment?

The text is a transcript of a YouTube video titled “Something Terrible Will Happen To Gold... Warren Buffett's Last Warning” and presents a strong critique of the precious metal as a long-term store of value. The speaker, presumably Warren Buffett, argues that gold is an obsolete “symbol of fear” and that its relevance is declining due to the global shift toward digital and fiduciary value systems based on mathematics and data. He states that gold has underperformed the S&P 500 over the past 50 years and that its only utility is now symbolic, not functional, even for central banks. The real danger for gold is that it will become irrelevant as finance moves toward the efficiency, speed, and transparency of blockchain-based settlement systems and central bank digital currencies (CBDCs). In conclusion, the speaker advises investors to diversify into productive assets that generate returns and to study new digital financial infrastructures, as adaptability is the real “hedge” in the modern global economy.