Quote:
Originally Posted by Stewie
Warren Buffet took a huge stake in gold in Q2. Surprising since he's always said gold is a relic with no value and pays no interest or dividends.
We'll see. Some gold producers jumped 42%+ today.
Warren has influence for sure.
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Wrong
Quote:
Originally Posted by EPodolak
I heard Berkshire bought shares of a mining company, is that what you're referring to?
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More correct. It's Berkshire buying. And 500M is about 0.1% of Berkshire’s market cap which means it probably ain’t Buffett doing the buying but one of his sidekicks. Secondly no one is carrying on about his $2.1bn addition to his Bank of America holdings bringing his ownership of that bank to over 12%. That’s huge news especially given anything over 10% bank ownership requires him to publicly disclose his transactions.