According to an article posted by Yahoo!Finance dated September 20, 2016, Warren Buffett is quoted as saying that, for him “…money has no utility.” To those with $500 million or more, Buffett has the following to say about the extent of pleasure they can get out of their wealth:
“Well, I told one person all they can do with those stock certificates is they can go down once a year and open the safe deposit box, and maybe they can fondle them.”
As far as Buffett’s quote on gold having no utility, well, as the Quote Investigator indicates, Buffett never said such a thing about gold. Although Buffett might have alluded to the concept, there has been no accurate verification of the exact quote.