empty
18.08.2020 09:17 AM
Is Buffett cheating on principles? Signal for gold buyers

Berkshire Hathaway, led by the "visionary from Omaha", Warren Buffett acquired more than 20 million shares of gold miner Barrick Gold in the second quarter of this year. The report, which the investor provided to the SEC Commission, says about $ 562 million, which was spent on these purposes.

The event is notable since Buffett has not previously invested in gold. Moreover, he systematically and consistently criticized colleagues who choose banking metals for investment. As an example, two decades ago, Buffett said during a speech at Harvard that people behave strangely, digging up a piece of gold in one part of the world, transporting it to another part of the world, then to bury it again underground (in storage) and put a guard. "Anyone looking at this from Mars would scratch their heads in puzzlement," Buffett said at the time.

Withdrawal from the banking sector or redistribution

The simultaneous sale of US bank securities by Berkshire Hathaway sparked even more discussions in the investment sector. Thus, the share of the conglomerate in JPMorgan decreased by 60% and by 42% in PNC.

The mainstream media and specialized analytical platforms were full of headlines that Buffett stopped believing in the prospects for the US economy. Some observers make very bold predictions that the next equally important change in the investment strategy of the "Omaha Seer" will be investments in cryptocurrencies. However, such statements are rare so far.

More conservative analysts urge colleagues not to engage in information speculation. After all, Buffett does not really leave the banking sector, but only reallocates resources. As an argument, such experts cite the situation with Bank of America. The fact is that Berkshire Hathaway has been increasing its share in this asset over the past two months.

In addition, the attention of the industry community deserves the fact that the investor did not give up his stake in Apple. The latter, as before, accounts for more than 40% of the holding company's portfolio. According to some sources, Buffett's conglomerate is the second largest shareholder in the Apple brand (in terms of investment).

Not Buffett alone

The attractiveness of gold in today's market conditions also affects other large investors. From the same reports sent to the SEC, it became known about the increase in the share of precious metal in the portfolio of Bridgewater Associates founded by Ray Dalio, one of the largest hedge funds on the planet.

The fund has invested about $ 400 million in gold. Thus, more than $ 1.1 billion of Bridgewater Associates is now accumulated in the precious metal.

As previously reported, quotes of gold futures continued to rise during American trading on Monday. Elon Musk's gold, bitcoin and shares remain the most profitable assets in 2020.

Tatiana Kravchenko,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

Tesla cai, ações europeias sobem

As ações da Tesla caem com a nova disputa entre Musk e Trump Powell não descarta corte de taxas em julho Sinais mistos de mão de obra e contratos

Thomas Frank 16:51 2025-07-02 UTC+2

Resumo das notícias do mercado americano para julho 2

O índice S&P 500 caiu 0,11%, o Nasdaq 100 perdeu 0,82%, enquanto o Dow Jones subiu 0,91%. Os investidores aguardam a divulgação de dados macroeconômicos que podem influenciar as próximas

Ekaterina Kiseleva 16:22 2025-07-02 UTC+2

Mercado de ações sobe mais: O que está empurrando o Dow, Nasdaq e S&P para cima

Ações de bancos sobem após o teste de estresse do Fed Ações da Tesla caem Ouro sobe com a queda dos preços do petróleo devido às expectativas de produção

Thomas Frank 18:00 2025-07-01 UTC+2

Resumo de notícias do mercado dos EUA para 1º de julho

As negociações de segunda-feira terminaram em território positivo: o S&P 500 avançou 0,52%, enquanto o Nasdaq 100 subiu 0,47%. O início da segunda metade do ano ocorreu em meio

Ekaterina Kiseleva 17:21 2025-07-01 UTC+2

Quais desafios aguardam o Bitcoin em julho? O mercado faz uma careta

O segundo mês do verão é tradicionalmente considerado um período favorável para o Bitcoin. É bastante provável que esse padrão se repita este ano, e que o BTC inicie

Larisa Kolesnikova 15:53 2025-07-01 UTC+2

Fundos de hedge vendem energia em ritmo recorde — do que eles têm medo?

Os fundos de hedge venderam ações do setor energético na semana passada no ritmo mais rápido desde setembro de 2024 e o segundo mais rápido em 10 anos

Thomas Frank 17:17 2025-06-30 UTC+2

Resumo das notícias do mercado americano de 30 de junho

Os mercados de ações dos EUA fecharam em alta: o S&P 500 e o Nasdaq 100 avançaram 0,52%, enquanto o Dow Jones subiu 1,00%. Os investidores reagiram positivamente ao progresso

Ekaterina Kiseleva 15:45 2025-06-30 UTC+2

Nike eleva Adidas, Puma, JD Sports: O relatório que mudou o dia

Índices sobem: Dow 0,94%, S&P 500 0,80%, Nasdaq 0,97% Ações de bancos sobem com a proposta do Fed de flexibilizar as regras de alavancagem Resultados da Nike elevam Adidas, Puma

Thomas Frank 16:36 2025-06-27 UTC+2

Resumo de notícias do mercado dos EUA para 27 de junho

Os principais índices de ações dos EUA encerraram a semana com sólidos ganhos. O Dow Jones e o Nasdaq subiram 1% cada, enquanto o S&P 500 subiu 0,8%. A ampla

Ekaterina Kiseleva 16:32 2025-06-27 UTC+2

Os mercados estão instáveis: alguns estão em queda, outros em alta — o que está acontecendo com as ações da Tesla, FedEx e Micron?

Tesla cai com a continuação da queda nas vendas na Europa Ações da FedEx e da General Mills caem após previsões de lucros decepcionantes Micron Technology salta no pregão prolongado

Thomas Frank 17:26 2025-06-26 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.