He sold half his Apple shares, reduced exposure to financial sector. Berkshire Hathaway is sitting on $325B in cash! Before 2008 it was sitting on $44B and was criticized for it. But it enable Buffet to make some of the most profitable investments in his career. He now holds 7 times that much.
In 2020 he purchased major holdings in 5 major Japanese trading firms to acquire the commodities they hold.
In 2024 the increased their holding to $30 billion in Occidental Oil.
Berkshire’s total commodity exposure is over $100 billion.
Warren Buffet has criticised gold but his actions differ. He purchased an interest in Barrick to acquire data on gold trading, production and purchase patterns before selling his interest.
China is sitting on twelve tons of gold. When the financial markets reposition around gold and commodities Berkshire stand to gain big.
Build a 15-20% cash position
Have 20-25% in physical or ETF gold
15% to gold mining stocks
15% to commodity stocks
10% to silver and silver mining
5% to copper and base metal miners
5% to agricultural commodities and fertilizers
0% cryptocurrencies
0% long-term government bonds
Watch video: https://www.youtube.com/watch?v=qZKxifmVENo