Warren Buffett’s Berkshire Hathaway joins the gold rush



[ad_1]

Warren Buffett’s Berkshire Hathaway Inc. has put its golden name behind one of the world’s largest gold mining companies, adding to the list of major investors making precious metal-related bets at a time of significant economic uncertainty.

Berkshire revealed on Friday night that it had a $ 565 million stake in Barrick Gold Corp., the world’s second-largest gold miner, at the end of the second quarter. The stake makes Berkshire the 11th largest shareholder in Toronto-based Barrick, according to FactSet.

[ad_2]

Source link