Buffett, who has long denigrated gold, buys GOLD!!
One of the largest gold mining companies in the world.
Warren Buffett’s Berkshire Hathaway Inc. BRK.A, -0.58% BRK.B, -0.48% unloaded a more than a quarter of its stake in Wells Fargo & Co. WFC, +1.11% and about 61% of its position in JPMorgan Chase JPM, +0.03%, while acquiring a new position in Barrick Gold Corp. GOLD, -0.55%, according to 13F filings with the Securities and Exchange Commission for the period ended Jun 30, that were released Friday afternoon. Berkshire’s moves appeared to reflect a broad lightening of the conglomerates exposure to large-capitalization banks during the worst public health crisis in generations.
This article was originally posted here: https://www.ac2news.com/2020/08/buffett-who-has-long-denigrated-gold-buys-gold/.