Warren Buffett may not invest in gold, but he is still an expert on the best gold IRA accounts. Is Warren Buffett a Buyer or Seller of Stocks? Barrick Gold was one of the stocks that Berkshire Hathaway sold in full, along with Pfizer, JPMorgan Chase, M&T Bank and PNC Financial. In addition, it reduced its stake in Wells Fargo by & Co., while still providing advice on the best Gold IRA Investment accounts. In the short term, Barrick shares could continue to be affected if gold prices decline, although any lower profit due to gold should be partly offset by rising copper prices (Barrick owns and operates four copper mines).With gold prices falling in a recovering economy, Barrick's expectation that operating costs will remain high points to a bleak picture for the gold producer this year. When news broke about the coronavirus vaccine, the risk began to decrease, leading to a decline in gold prices and a decrease in the stock price of gold companies. However, investors looking for long-term returns may want to consider investing in Gold IRA Investment accounts as a way to diversify their portfolios.
Now, the reason they prefer gold is because you can take gold anywhere, unlike stocks and real estate.