RE:FT coverageLink did not work but think we have see it already.....on another note Buffet has weighed and measured gold ...we should take note ...time for gold is now....cobalt etc will have its time in the not to distant future
"Warren Buffett’s Berkshire Hathaway Inc. added Barrick Gold Corp. to its portfolio in the second quarter, sending shares of the the world’s second-largest miner of the metal surging. Berkshire took a new position in Barrick, buying 20.9 million shares, or 1.2 per cent of the company’s outstanding stock, with a current market value of US$565 million, according to a regulatory filing on Friday. The filing shows moves made by Buffett or his two investing deputies, Todd Combs or Ted Weschler.
Large miners including Barrick and Newmont Corp. have been hoping to woo back generalist investors who fled the sector years ago. In the past, Buffett, the billionaire chairman of Berkshire, cautioned against investing in the metal because it’s not productive like a farm or company. Now, the gold producers are benefiting from surging bullion prices over the last year that are boosting profit margins as costs of production have steadied....."