Barrick la situazione grafica ancora incerta, ma ci siete dentro io non ne uscirei ancora...
BUFFETT SACKS GOLDMAN; BUYS GOLD
Investor Warren Buffett sold his entire position in Goldman Sachs stock during the pandemic earlier this year. This was in addition to large sales of his holdings in other bank stocks such as JPMorgan Chase, Wells Fargo, and PNC.
That might not seem too unusual on its own, given expectations of large potential loan defaults on the horizon. Buffet also sold significant positions in other industries and is known for being a highly cautious investor.
The curiously interesting fact emerging from all of this is that Warren Buffet, while he did add to his positions in a few stocks, he added only a single
new stock to his portfolio – Barrick Gold.
If gold’s price goes higher, that increase will make winners of Goldman’s commodity team and those who follow them. But will that increase be reflected in a higher price for Barrick Gold stock? Not necessarily; so we cannot say for sure whether Mr. Buffett would do well with his investment.
If the price of gold declines, then the apparent winner would be Goldman’s private wealth investors; at least for the fact that they would not own an asset that is declining in price.
On the other hand, Buffett could be deemed a winner if Goldman’s stock declines along with other bank stocks, even if Barrick goes down.
Kelsey Williams
This
article was originally posted on FX Empire