New Delhi: Ranked among the world's top 10 nobles and Warren Buffett, chief executive officer (CEO) of Berkshire Hathaway Company, has sold its entire gold holding. According to information provided to the regulatory filing, his company Berkshire Hathaway sold its gold bricks in the fourth quarter of 2020, ie from October to December. Earlier, the third quarter also sold its gold.

It is noteworthy that during the summer of last year, when Buffett bought gold, the price of gold was $ 2,065 an ounce. Buffett began selling his gold when the price of gold fell below $ 1,800 an ounce. This means that they incurred a loss of 12.8 percent. Buffett is known for his negative attitude towards gold. In the year 1998, he described gold as a useless thing. Buffett had said that it has no practical use.

Buffett's company has sold $ 317 million shares in Canadian mining company Barrick Gold Corporation. The company bought these shares a few quarters ago. The decision to sell these shares was as surprising as buying them.

Also Read:

Supreme Court Asks RBI To Come Up With Detailed norms On Locker Management

Illegal Drug use and crime: BJP youth leader Pamela Goswami arrested in Kolkata

Indian men's hockey team set to tour Germany and Belgium