Buffett Buys Barrick Gold, Sells Banks – Ep 602
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 15 August 2020
⏱️ 57 minutes
🧾️ Download transcript
Summary
Bidders aren’t showing up for 30 year treasury bonds.
Food prices soar and this is just the beginning.
Fair-weather capitalists claim we’re all socialists now.
Socialism is Larry Kudlow’s new credo, now that he works for the government.
Warren Buffet is too smart to buy bitcoin.
California wants to tax out of state residents' wealth.
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Transcript
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| 0:00.0 | The Peter Shifchow. |
| 0:09.2 | Today's special Saturday edition of the Peter Shifchow Podcast is brought to you by Express |
| 0:15.1 | VPN. |
| 0:16.1 | I want to thank Express VPN for its continued support of the Peter Shifchow Podcast. |
| 0:23.0 | You probably don't think much about internet privacy on your home network, but Express |
| 0:28.1 | VPN will secure your privacy and protect your information. |
| 0:33.0 | Visit ExpressVPN.com slash gold and you can get an extra three months free on a one year |
| 0:42.0 | subscription. |
| 0:43.2 | And speaking about gold, the big news is Warren Buffett's new love for gold. |
| 0:49.9 | After the US stock market closed yesterday, we got a look at the latest 13F filing |
| 0:58.1 | for Berkshire Hathaway. |
| 1:00.9 | And for the first time in, I don't know how long in that disclosure was a brand new position |
| 1:08.4 | in Barrick gold. |
| 1:11.1 | Berkshire Hathaway invested over $500 million in Barrick gold. |
| 1:18.5 | Now of course, 500 million may seem like a lot for ordinary people, but obviously it's |
| 1:24.6 | not that much for Berkshire Hathaway or Warren Buffett, although that is the position |
| 1:32.6 | that Berkshire had as of the end of June. |
| 1:37.4 | Now it's been almost seven weeks since that quarter ended. |
| 1:44.2 | So my gut feeling is that by now Berkshire Hathaway has a lot more shares of Barrick than |
| 1:52.3 | it had at the end of June. |
| 1:54.4 | In fact, I'm willing to bet that Berkshire Hathaway might actually own another gold stock |
| 2:01.6 | in addition to Barrick gold. |
... |
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