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Feb 17, 2021 (Baystreet.ca via COMTEX) — Warren Buffett has famously been a long-term bear against the value of gold as a long-term investment. However, two quarters ago, the Oracle of Omaha added gold exposure to his portfolio in the form of shares of Canadian gold miner Barrick Gold (TSX:ABX)(NYSE:GOLD). This portfolio addition shocked the investment world, however. I think this was a very prudent move, and believe Buffett and his investment team know what they’re doing.
This is one of the best ETFs in the sector, and one I believe can provide investors with not only a nice hedge during times like these, but also the potential for long-term growth if we see a commodities bull market continue over the next few years.
COMTEX_381209656/2559/2021-02-17T06:30:32
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The MarketWatch News Department was not involved in the creation of this content.