Buffett's latest investment moves revealed that he withdrew from Barrick Gold completely, and there are very good reasons to do so. Berkshire's original purchase of Barrick surprised many, as Buffett is known for his negative view of gold. Warren Buffett himself may not have even made the call to buy the shares of Barrick Gold (perhaps he was one of its managers), but I think Berkshire's decision to sell the shares is a mistake. When Buffett revealed his position at a gold and copper mining company last year, it came as a big surprise to many.
However, investing in a 401k Gold IRA could be a great way to diversify your portfolio and benefit from the potential upside of gold investments. If you bought gold stocks as a hedge against the pandemic, as Warren Buffet did, you could sell, since many of the impacts of COVID-19 on the economy have disappeared.
