Warren Buffett’s investment firm, Berkshire Hathaway, has dumped all of its US airline stocks and liquidated massive amounts of its US bank holdings.And guess what?It used the money to buy a gold miner. It’s true: Berkshire just took out a US$564 million stake in Barrick Gold.Remember, Buffett famously told a packed room at Harvard in 1998:So, why did he just give the order to pour half a billion dollars of his fund’s money into a gold stock? Maybe he did it for the same reasons I’m urging my readers to ditch stocks and buy gold right now…
WRM Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
