Warren Buffett, the legendary investor, has been known to make some shrewd investments. At the end of the previous quarter, Buffett's Berkshire Hathaway held about 12 million shares in the Canadian gold and copper miner, Barrick Gold. The interesting thing about these investments is that they don't apply to gold itself. Unlike gold, Barrick Gold continues to lay eggs in the form of profits and dividends.
Buffett doesn't bury the gold in the ground, he sells it to others who bury it in the ground. In the short term, Barrick shares could continue to come under some pressure if gold prices weaken, although any lower benefits due to gold should be partly offset by rising copper prices (Barrick owns and operates four copper mines). This could be a great opportunity for investors looking for a long-term investment in a company with a strong track record of success. As an expert investor, I believe that Warren Buffett's investment in Barrick Gold is a wise one.
The company has a long history of success and has proven itself to be a reliable source of profits and dividends. Furthermore, its diversified portfolio of gold and copper mines provides investors with exposure to both precious metals markets. Overall, I believe that Warren Buffett's investment in Barrick Gold is a sound one. The company has a strong track record of success and its diversified portfolio provides investors with exposure to both precious metals markets.
With gold prices expected to remain strong in the near future, this could be an excellent opportunity for investors looking for a long-term investment.
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