Berkshire Hathaway Has Twice The Mkt Cap of the Top 4 Gold Miners in Cash Alone. $100B

Berkshire Hathaway Has Twice The Mkt Cap of the Top 4 Gold Miners in Cash Alone. $100B

 Berkshire Hathaway, the company Warren Buffet built.

Berkshire Hathaway, the company Warren Buffet built.

Berkshire Hathaway is sitting on a pile of cash awaiting the inevitable market crash. The company stands at 100 billion in reserve. 

Buf2_0.png

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.

Merry Christmas to Readers and Staff

Merry Christmas to Readers and Staff

NPR Activist's Trap Fails Against Mike Cernovich

NPR Activist's Trap Fails Against Mike Cernovich