Buffett and Gold
The debt continues to rise and the hardliners continue to predict inflation. No inflation has occurred. This discrepancy between predictions and reality has gone on for decades. A new thesis now preaches debt means nothing. The days of the bond vigilantes are over.
Warren Buffett has not been a fan of gold. There has been a belief that investing in gold was akin to betting against America. But things may be changing. According to a filing released Aug. 14, Berkshire Hathaway bought about 21 million shares of gold miner Barrick Gold, spending about $563 million.
Buffett’s conversion to gold might be a signal for other stock market investors. But some things stay the same. The company pays a dividend.
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