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Buffett dumps Wells Fargo amplifying bull case for gold and Bitcoin

Published 09/05/2020, 05:00 AM
Updated 09/06/2020, 07:00 AM
Buffett dumps Wells Fargo amplifying bull case for gold and Bitcoin

Warren Buffett and Berkshire Hathaway (NYSE:BRKa) substantially cut their position on Wells Fargo (NYSE:WFC), selling 100 million shares. The Oracle (NYSE:ORCL) of Omaha is continuing to trim his position in bank stocks, buoying the bull case for gold and Bitcoin (BTC).

Berkshire reportedly held $32 billion in equity in Wells Fargo at one point, Fox Business reported on Sep. 5. The investment conglomerate now owns 3.3% in equity of the lender, worth just $3.36 billion.

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we are hard wire to like gold
Gold and Crypto will never replace USD as save Haven. Both are to volatile and unpredictable and Crypto have no legal standing to pay debt in US.
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