World famous billionaire and undisputed market mastermind, Warren Buffett, has bucked gold buying as a trend for decades. Making his incredible fortune on smart valuation picks, following and shunning trends, and taking risk that makes most investors crawl under their desk, Warren has shown that his incredible market prowess and calculated decision making is an investment strategy of its own, and one that should be mimicked.
However, this week Warren saw enough negative market indicators and concerning global trends to walk back his claim of old, by buying up almost 600 million dollars of stock in a gold mining company. This marks a drastic change in his investment strategy from previous patterns, and could signal the potential for a considerable spike in gold prices and inflationary dollar pain in the coming months.
