Warren Buffett's Berkshire Hathaway made its first investment in a gold miner last quarter, even though the famed investor warned against betting on the precious metal for at least two decades.
The conglomerate bought 20.9 million shares of Barrick Gold, worth about $564 million at the end of June, according to its latest portfolio update. The miner was its only new holding in the period.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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