Did Warren Buffett just bet against the U.S. economy? His latest investment raises questions.
Buffett deserves credit for shifting his stance to the new reality as a result of the irrational policies of massive borrowing and money printing by U.S. leaders. Berkshire Hathaway BRK.A, 0.23% bought about 21 million shares of gold miner Barrick Gold GOLD, 0.57%, spending about $563 million. That’s according to a filing released Aug. 14.
Buffett’s conversion to gold is a signal for other stock market investors.
Let’s examine this issue. Read More
