"Everything you need to know about gold"
GOLDMAN STILL LOOKING FOR $2K GOLD
Last week Goldman Sachs revealed its latest projection for the gold price…
“In a report published Thursday, the bank (i.e. Goldman Sachs)said that it is raising its 12-month price forecast to $2,150 an ounce, up from its previous target of $2,000. The bank also recommends buying December 2022 gold futures.” … Kitco News 01/26/2022
BARRICK AND BUFFETT…
The roundtrip is now complete and the entire voyage took less than a year. When Berkshire Hathaway acquired nearly 21 million shares of Barrick Gold in Q2 of 2020, people took notice.
Buffett’s about face and sale of almost 9 million shares of Barrick the following quarter (Q3) seemed incongruous. The remaining 12 million shares were sold in the fourth quarter of 2020, and Berkshire Hathaway is now devoid of any holdings in the gold arena.