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What Happens To Stocks and Gas Prices During Time of War?
With the war going on in Ukraine, a lot of people are wondering how that will affect the stock market. Usually in times of war, the global economy is put to the test and with Biden putting up sanctions and now sending out 7,000 more troops.
What does Warren Buffett have to say about all this?
Also, with these sanctions and war currently underway, we’re seeing oil prices skyrocket (as if they weren’t high enough already), so let’s talk about that, too.
How does war affect the stock market and gas prices?
Billionaire businessman Warren Buffett is warning against hoarding cash, gold, or bitcoin during items of war. Why, exactly?
The businessman and Berkshire Hathaway CEO instead said he favors “productive businesses over dollars, crypto, or haven assets.” As for what’s happening in Ukraine right now, Buffett said all the way back in March 2014 that, if Russia invaded Ukraine, it wouldn’t make him sell any of his stocks.
Buffett said: “If stocks are cheaper, I’ll be more likely to be buying them. Well, if you tell me all of that is going to happen, I will still be buying the stock. You’re going to invest your money in something over time.”