Berkshire Hathaway Has Twice The Mkt Cap of the Top 4 Gold Miners in Cash Alone. $100B
Berkshire Hathaway is sitting on a pile of cash awaiting the inevitable market crash. The company stands at 100 billion in reserve.
As a comparison, the top four gold mining companies by market cap.
Newmont Mining - 19.16B
Barrick Gold - 15.94B
Newcrest Mining - 13.22B
Goldcorp - 10.4B
All Combined - 58.72
In gold production terms, this is over 14.2 million ounces a year.
Berkshire could buy all of these with cash to spare. No doubt Warren Buffet intends to purchase them at a deeper discount, even if the gold sector is barely off the doldrums of the 2012/2016 bear market.
When a man like this is stacking cash, maybe the stock market is massively inflated.