Many investors are talking about the recent move by Berkshire Hathaway (BRK.B) to invest $565M in Barrick Gold (GOLD) for a 1.2% stake. This is especially important since Warren Buffett in the past has has not recommended investing in gold due to its lack of a financial return (yield) or productive use (other than potentially increasing value). His track record lately hasn't been the best (
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Buffett's Move Into Gold
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Many investors are talking about the recent move by Berkshire Hathaway (BRK.B) to invest $565M in Barrick Gold (GOLD) for a 1.2% stake. This is especially important since Warren Buffett in the past has has not recommended investing in gold due to its lack of a financial return (yield) or productive use (other than potentially increasing value). His track record lately hasn't been the best (