Berkshire makes a bet on the gold market that Buffett once laughed at
Warren Buffett’s Berkshire Hathaway Inc. added Barrick Gold Corp. to its portfolio in the second quarter, pushing up shares of the world’s second-largest metal miner.
Berkshire took a new position in Barrick, buying 20.9 million shares, or 1.2% of the company’s outstanding shares, with a current market value of $ 565 million, according to a regulatory filing released Friday. The file shows the…
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