This week Warren Buffett made waves throughout financial media as reports that Berkshire Hathaway (NYSE:BRKa) sold several bank stocks and purchased shares in Barrick Gold (NYSE:GOLD) were made public thanks to the company’s latest quarterly shareholder filing.
This purchase is significant because Buffet has been a strong critic of gold, however, in the current economic conditions, he appears to have changed his view and sought safety in the asset.