The decision to sell the shares was as surprising as the decision to buy them. Given their disdain for physical gold as an investment, I am virtually certain that Combs or Weschler were behind the addition of Barrick Gold. Barrick Gold shares rose 10.5% on Monday after Berkshire Hathaway, owned by legendary investor Warren Buffett, revealed its stake in the gold mining company's shares. Now, the reason they prefer gold is because you can take gold anywhere, unlike stocks and real estate.
Since the dollar and gold almost always move against each other, a weaker dollar should cause gold to rise significantly. 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.
