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Buffett's master class on the problem with gold

The price of gold slipped on Friday after hitting a record high above $4,300 an ounce earlier this week.

It's still up more than 50% this year and has almost doubled since early last year.

CNBC Pro's Fred Imbert notes gold is easily beating the S&P 500 this year, and turning in its best performance since 2008's financial crisis.

He adds, "What makes this time around so much more notable is that all the other instances of gold outperformance happened in bear markets for stocks or during major economic crises." Zoom In Ic

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