Buffett Who Made Fun of Gold, Invested in Gold

Buffett Who Made Fun of Gold, Invested in Gold

Buffett, who made fun of gold, invested in gold. The famous billionaire added Barrick to his portfolio. Berkshire Hathaway Inc., the company of world-renowned billionaire investor Warren Buffett, included Barrick Gold Corp. in his portfolio in the second quarter of the year. With this investment, a rapid increase was observed in the shares of Barrick, the world's second largest gold miner. Berkshire's statement on Friday reported that 20.9 million shares, equivalent to 1.2 percent of Barrick, were purchased. The market value of the mentioned shares is approximately 560 million dollars. Buffett Was Not Recommening Investing in Gold Famous billionaire Warren Buffett says that in the past, gold investment was not as productive as "a farm or a company"; It warned those who invested in gold. But the recent sharp spikes in gold will have changed Buffett's mind that the famous billionaire has made a serious investment in yellow metal. Following this move, Barrick's stocks traded in New York increased 8.11 percent in post-market transactions.