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Just getting started: Buffett wants more gold! – Kitco NEWS
Kitco News’ contributed commentary features articles and opinions from some of the top experts in the gold industry.
We’re currently drafting a letter to Warren and Charlie addressing the company’s decision to own shares of Barrick Gold. As the largest mining company that focuses on gold, its market cap is $53bn, compared with the $130bn in cash that Berkshire currently has on its books.
If it really wanted to, Berkshire could purchase 10% of Barrick and it wouldnt EVEN REGISTER as an earthquake. Every year around the globe, there are 900,000 earthquakes with a magnitude of 2.5 or less, which aren’t EVEN FELT…
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