BUFFETT BUYS GOLD STOCK, BANKS GO LONG GOLD

Amid the pandemic, financial uncertainty, and a falling dollar, gold recently hit new nominal highs, moving above $2000/oz. What is the big money doing right now?

Warren Buffett’s Berkshire Hathaway announced more than a half billion dollar investment in a top gold miner - Barrick Gold. Source: https://www.foxbusiness.com/markets/warren-buffett-sheds-big-stakes-in-banks-and-goes-for-the-gold

In an early August interview with LibertyAndFinance, Miles Franklin’s president Andy Schectman said the commercial banks usually short precious metals when the price rises, but in this recent run up, they are going long!

Видео BUFFETT BUYS GOLD STOCK, BANKS GO LONG GOLD канала Miles Franklin