Warren Buffett buys Gold is BTC next? Super 3B’s

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Warren Buffet hedges dollar drop?

Wow, when did we think Warren Buffweek would get into gold!? After last week’s announcement of his buying into Barrick Gold (GOLD), we can now see the anti-inflation motive here, or do we?

So, what kicked all of this off? In a recent 13F filing, money managers of assets greater than”$100 million must file with the SE” “Securities and Exchange Commission” within 45 days after the end of a quarter in the United States. The big eye-catcher is Barrick Gold, as anybody who knows Warren Buffet knows he is not a fan of GOLD.

Warren Buffett buys Barrick Gold (GOLD) Gold hits ATH
Warren Buffett buys Barrick Gold (GOLD) Gold hits ATH

Warren Buffett is an old Hat

Consider the ages of Warren Buffett and the late Charlie Munger, who were 92 and 99 respectively. Their advanced years highlight the depth of their wisdom. Charlie, in particular, was so astute that I believe he could have delivered a detailed lecture on the current macroeconomic environment even in his sleep. His intelligence was truly remarkable. Warren Buffett, though more reserved in public, is equally brilliant and, in my view, more willing to embrace risk. I am grateful for their insights and level-headed approach, which have shaped me into a well-rounded investor.

Warren Buffett is likely the greatest value investor of our age; he and Charlie Munger are the OG’s of investing, in my opinion. Man, they are winging their age and are completely out of touch, missing the best investments that have been so easy to see these past years. SLA, BYND, AMD, and the list goes on. One of the biggest and easiest to see for Warren Buffett was the “JP Morgan Silver Play.” With him being a lover of banks, you would think he would have good insight” here. If he can’t catch an easy trade like this, what is the point? Any of these can’t by them make a trader/investor sick to his stomach.

What Buffett thinks of Musk and Tesla

Another big one is Tesla.

Warren Buffett seems to have some beef with Tesla CEO Elon Musk, and I can’t see why. Maybe the whole 42 smoking incident on the Joe Rogan show? Can’t this go back to even before that, where I think Buffett thinks of him as a competitor!? In a quote back in 2018 where, Warren Buffet quipped in the Tesla CEO direction: “Elon may turn things upside down in some areas, don’t think he’d want to”take us on in candy,” Buffett said in 2018.

If I because pot smoking, well, it should be legalized as it has way more benefits medically than anything, and compared to the harmful effects of alcohol or smoking, it does not even compare. It actually makes people happy/relaxed and has no real negative health effects, but since few ever studied or read about it, they stick to the old 80s drug war mentality and continue never to know.

Warren Buffet Misses on Elon Musk thinks of him as 420 guy
Warren Buffet Misses on Elon Musk thinks of him as 420 guy

Why Elon Musk

Elon Musk is an edgy, strange character, agreed, one that Warren Buffett will not understand. ut Elon Musk is not only a really nice person, he is somebody making a real difference to advance our world. He is making it a better place to live in, unlike Warren Buffett, who is investing in the fossil fuels of yesteryear that actually hurt our world. thical Investing is now a thing btw, time to get a clue.

But none of that is here or there, and the shame is Warren Buffett’s EGO gets in the way of his investing now. Warren Buffett is demonstrating that Buffett is in touch with the future, and Berkshire Hathaway investors should be fearful, in my opinion. Put, you have too many mises here, hence why the recent purchase of Barrick Gold (GOLD) is a real sign that others are likely taking over the reins of one of the great investors of our time, if not the greatest.

Warren Buffett was handing over the reins.

What people forget is the age of Warren Buffett and Charlie Munger; statistically, these guys are far, far past retirement age. Yet they are Berkshire Hathaway, and I think that is the fear, as I will explain further in the article here.

Warren Buffett

Barrick Gold buying by Berkshire Hathaway could be the first real indication of Warren Buffett handing over the reins to Todd Combs & Ted Weschler, both of whom you can see in the above interview on Yahoo Finance, to which they speak about working with/for Warren Buffett.

I mean:

Warren Buffett has historically been skeptical about gold, viewing it as having limited intrinsic value and utility beyond market speculation. He’s a proponent of investing in companies that generate tangible value through labor and production. Similarly, his stance on assets like Bitcoin is grounded in a preference for tangible, productive assets. For Buffett, a reliable store of value is more likely to be found in traditional savings or bank accounts, rather than in gold or cryptocurrencies. However, the recent interest in gold within Berkshire Hathaway might not be solely Buffett’s decision. It’s possible that other influential figures in the company, perhaps suggesting a scenario akin to ‘Todd & Ted’s Excellent Adventures’, are driving this shift.”

This revision maintains your original thoughts but presents them in a more structured and clear manner, emphasizing Buffett’s investment philosophy and hinting at the influence of other decision-makers in Berkshire Hathaway

Clear Signs

These are very clear signs that Warren “Buffett is stepping back from Berkshire Hathaway in an operating capacity, in my opinion, so now many Berkshire Hathaway investors have to reflect on this. They have more than a few family members who are long-term holders of Berkshire, and they are concerned for the future. Most of them, like Warren Buffett, are up there in age, so they are not that concerned 😉

Warren Buffett Berkshire Hathaway Chart
Warren Buffett Berkshire Hathaway Chart

The above chart shows that Warren Buffett is not invincible; Berkshire Hathaway is undervalued, or the firm is showing its age. Maybe a bit of both, in my opinion, but still, don’t count out Warren Buffett; he is that great of a value investor and, even if blind and asleep, would likely make a profit in something.

Still, there is a fear of what will happen when Warren Buffett and Charlie Munger are no longer at the helm to guide Berkshire Hathaway’s tremendous investment company. Will Todd and Ted’s Excellent adventures continue? Recent filings from Berkshire Hathaway from the past year indicate that Ted’s is the real start of their careers, and we will have to wait and see how they do the transitions can be chaotic, so how Warren Buffett and his team handle this will be key.

Warren Buffetts 3B’s of 2020

Let us look at his 3 new investments for 2020 and see if we can gain any insight into the future of Berkshire Hathaway. Can we see any macroeconomic indicators Outside their stock market-focused trading picks here?

  • Barrick Gold (NYSE: GOLD) is another favorite of mine, primarily for its focus on metals, especially silver. Its presence on the NYSE makes it an attractive choice for investors who prefer stocks in leading companies, and it’s no surprise that Warren Buffett would be interested in the top gold producer.
  • Bank of America (NYSE:BAC) has been my preferred bank since 2011. With Warren Buffett and Berkshire Hathaway holding nearly 12% of the bank’s outstanding shares, it solidifies its status as, arguably, the best-run U.S. bank.
  • As for Berkshire Hathaway (NYSE:BRK.A), Buffett’s decision to buy shares of his own company is a strong vote of confidence. This move could signify either that he believes the stock is undervalued or a strategic move to bolster confidence among other Berkshire shareholders, showcasing the talent managing their portfolio.

The GOLD Play

This was out in left field, not one any of us would have thought coming from Warren Buffett, but ok, so likely, his prodigies are starting to sow their oats. Gold is a great hedge with many governments’ money printing due to the COVID-19 pandemic hitting the world economies. At some point, this will almost undoubtedly cause an inflationary bubble.

The Bank of America

That makes more sense for Warren Buffet, who has always loved banking stocks. If you choose one of the banks, that’s the best, extremely well run. t is not the pure stupidity of a corrupt bank like Wells Fargo or the European joke of Deutsche Bank.

The strategic significance of Warren Buffett buying shares in his own company, Berkshire Hathaway, has raised many eyebrows, prompting the question: Why? Firstly, such a move demonstrates immense confidence. By investing in his own stock, Buffett signals his belief in the company’s future profitability. This action reassures investors, like my family members, that even if Buffett delegates his leadership responsibilities, the company’s profit prospects remain strong. Another reason for this purchase could be Buffett’s assessment that the stock is currently undervalued, suggesting that he anticipates substantial investment returns in the forthcoming months and years

So Warren Buffett Buys Gold. Is Bitcoin next!?

The trillion-dollar question trillion-dollar traders cryptocurrency blows my mind how Warren Buffett is always late to the party but still shows up 😉 So he is now starting to get into the store of value asset class, will BTC and crypto assets be next for him to invest in? Unfortunately, I think I know the answer to this, just like with Tesla “No..” 🙁

It is so sad because what he did was not read up, study, and learn about what blockchain & the crypto c”ren”y revolution is, of which later, like with AAPL and others, he will be saying, “Oops, wish I invested in it.” Just like he has done before, it’s very sad, and I can only hope Todd & Ted can get Berkshire Hathaway investing in Bitcoin, and crypto could be the catalyst to launch it to the moon!

Warren Buffett meets crypto people
Warren Buffett meets crypto people

Warren Buffett lunch with Justin Sun

I will give Justin Sun credit for having the balls to pay $4.6 million for lunch with Warren Buffett! Good job, Sun! The only problem is that he and everyone who ended up were not the right people to help him understand crypto and blockchain technology. He is as simply uneducated on crypto and blockchain technology as before.

I am sure Warren had people look into those backgrounds there, and yeah, um, a big NO! Then again, Warren Buffet seems too stuck in his time to see the future, so I guess there was no real point other than a publicity stunt that he is good for showcasing crypto if nothing else.

Final Thoughts

Bitcoin and blockchain are soaring regardless, but it would have been impactful if Warren Buffett and Charlie Munger had embraced this innovation, showing adaptability rather than clinging to outdated concepts. This situation echoes Mark Twain’s wisdom:

It’s not what you don’t know that gets you into trouble; it’s what you are certain about that just isn’t so.

Mark Twain

Reflecting on over 30 years of market experience, I’ve realized the cardinal rule: ‘The market is always right. This is where I believe Warren Buffett falls short despite his profound insights. In my opinion, his misses in investments, like Bitcoin, Tesla, and the Internet, stem from an overreliance on his judgment.
It’s not to discredit his wisdom, as I’ve learned much from him, but to acknowledge that even the best are not infallible. This serves as a reminder that as we age, we must strive to remain open-minded, learning not only from the successes of our role models but also from their failures.


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Rico Chette
Rico Chettehttps://smartoptions.io
Ricco Chette is nothing like what you could imagine, a fighter for the lost, weak and marginalized. Rico blazes a trail of truth often with a bullet or a glass of wine. You might think you know Rico, but you don’t… Lover of Crypto, Freedom and the Truth. Hear HER ROOOOAAAR!!!