Warren Buffet is bullish on gold.
As the old saying goes, “put your money where your mouth is”. It is hard to think of a more common cliché yet bulletproofed for years to come. For a couple of decades, the famous investment guru and one of the richest people on the face of the Earth Mr. Warren Buffet was one of the biggest gold critics. With his expertise and influential performance on the markets, he has been de facto the leader of the anti-precious metals investing crowd. However, it seems things are about to change. Warren Buffet’s Berkshire Hathaway Inc. has put its name behind one of the largest gold mining companies. It was disclosed that it held a $565 million stakes in Barrick Gold Corp., the world’s second-largest gold miner, at the end of the second quarter of 2020. The stake makes Berkshire the 11th-largest shareholder in Toronto-based Barrick.
What a change of heart, eh? It looks like the upcoming times of economic turmoil and uncertainty shifted the vision of one of the greatest investors of our time.
Is he right to jump on the wagon for the upcoming Bull Market for precious metals?
We strongly believe so.
While the author has made every effort to provide accurate data and information in the preparation of this article, neither europabullion.com nor the author assumes any responsibility for errors or for changes that occur after the publication. The information referenced is believed to be reliable, accurate and appropriate, but is not guaranteed in any way. The strategies and forecasts herein are the author’s sole opinion and could prove to be inaccurate. No company, individual, or entity compensated the author or europabullion.com for mention in this article.
The article contains specific names of companies, strategies, different currencies, shares, government bonds, types and sizes of precious metals, none of which can be deemed recommendations to the readers. Reading this article does not constitute a fiduciary relationship. Data, company specific or otherwise, will not be updated on an ongoing basis. After the publication in the resources, the author and europabullion.com will not be responsible for future developments.
A registered financial advisor is always the best source of guidance in making financial decisions. The author is not a registered financial advisor and does not address the individual financial condition of the reader.