What price did Warren Buffett pay for Barrick Gold?

How much did Warren Buffett pay for Barrick Gold?

Warren Buffett bought an approximate stake of US$565 million in Barrick Gold (TSX:ABX)(NYSE:ABX) in Q2 2020. As the Berkshire Hathaway’s 13F filing revealed this Tuesday, he had exited the gold position altogether by the end of 2020. US$565 million is a lot of money to most people.

Why did Warren Buffett buy Barrick Gold?

Why Buffett sold Barrick

Berkshire’s decision to invest in the company was likely based on profiting from the company’s performance, and that is precisely what happened. A rally in gold and copper prices can boost the company’s profitability. Conversely, declining prices decrease its profit margins.

Is Barrick Gold a good company?

Inflation is coming and investors wrongly believe gold is a good hedge to fight inflation. … However, Barrick Gold still is a great company with a strong balance sheet and low production cost.

When did Buffett sell gold?

In its latest filing, Warren Buffett’s investment firm revealed that it sold all its stakes in Barrick Gold (TSX:ABX)(NYSE:GOLD) in the quarter ended December 2020. At the end of the previous quarter, Berkshire Hathaway held around 12 million shares of this Canadian mining company.

What did Warren Buffett sell?

(NASDAQ: AAPL), The Coca-Cola Company (NYSE: KO), and Bank of America Corporation (NYSE: BAC), Merck & Co., Inc. (NYSE: MRK) is one of the stocks Warren Buffett is selling. In its Q1 2021 investor letter, Artisan Partners highlighted a few stocks and Merck & Co., Inc. (NYSE: MRK) was one of them.

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Does Warren Buffett still own silver?

“Over 30 years ago, Warren Buffett, CEO of Berkshire Hathaway, made his first purchase of silver in anticipation of the metal’s demonetization by the U.S. Government. Since that time he has followed silver’s fundamentals but no entity he manages has owned it.”

Is gold a good investment?

Gold is a unique asset: highly liquid, yet scarce; it’s a luxury good as much as an investment. … Gold provides competitive returns compared to other major financial assets. Gold offers downside protection and positive performance. Over time, fiat currencies – including the US dollar – tend to fall in value against gold.

What does Warren Buffett think of Bitcoin?

It has ‘no unique value at all’

The billionaire investor doesn’t like Bitcoin because he considers it an unproductive asset. Buffett has a well-known preference for stocks of corporations whose value — and cash flow — come from producing things.

What stocks did Buffett just buy?

Stocks Warren Buffett just bought:

  • AbbVie (ABBV)
  • Merck (MRK)
  • Bristol-Myers Squibb (BMY)
  • T-Mobile (TMUS)
  • Verizon Communications (VZ)
  • Chevron (CVX)
  • Kroger (KR)
  • Marsh & McLennan (MMC)