Warren Buffett's Barrick Gold investment is 'encouraging': shareholder - Business Insider

It's a promising move by the famed investor's conglomerate, Darren Pollock, a portfolio manager at Cheviot Value Management, told Business Insider.

"The younger portfolio managers are not beholden to Buffett's recent views on precious metals," he noted. The deficit has ballooned this year, and may remain elevated for years as stimulus policies drive up government spending and a depressed economy weighs on tax revenues, Pollock said.

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