Warren Buffett has long been critical of gold as an investment, saying that it “has no utility” and that the “magical metal” is no match for “American mettle.” He once wrote, “Anyone watching from Mars would be scratching their head” over how we treat the shiny stuff on this planet.
The move kicked up buzz among gold bugs and other Wall Street watchers across the internet, who saw Buffett’s trades as perhaps signalling a shift in his views on the market. Of course, while gold bugs and staunch market bears come up with their own conclusions, Berkshire is still, nevertheless, deep into the banks, including Bank of America BAC, -0.47% , where it’s been pouring its money into over the past month.
Clue that we need to be buying gold 😂😂
Short Gold.....
he is most probably buying bitcoin and just pretending to buy gold
Just seems like he is selling the stocks that have more to run and buy others on the top. He sold Airlines at the absolute lowest. He is buying $bac close to a high, but yet selling $JPM and $WFC at a considerable discount. Then he buys gold at all time highs. Not sure...
He is buying goldmine stocks which means companies. Well you invest in what you believe, simple as that.
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