Buffett Buys Gold: Will The Barrick Gold Stock Purchase Make The Price Of Gold And Silver Skyrocket?

Buffett Buys Gold: Will The Barrick Gold Stock Purchase Make The Price Of Gold And Silver Skyrocket? The Berkshire Hathaway filing today showed that Warren Buffet sold Goldman Sachs and a number of bank stocks and bought a 1.2% position in the stock of gold miner Barrick Gold Corp. Warren Buffett has been very outspoken over the years against gold and a believer in the stock market. Does this purchase of Barrick Gold stock signal a change in his thinking because of fear of an economic collapse and inflation? Will Warren Buffet buy other gold miners and even silver miners? What will the effect of these trades be on the price of gold and silver?

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