Investors around the world watch to see what Warren Buffett, one of the world’s greatest investors, does as an indicator of what’s happening in the economy.
Over the summer, as the world was dealing with a global pandemic, Buffett shockingly unloaded billions of dollars of bank stocks according to the Wall Street Journal. “Berkshire’s holdings of Wells Fargo and JPMorgan Chase stock dropped by more than $3 billion apiece in the second quarter, according to regulatory filings made public.”
In this update, Robert further discusses his tweet regarding Buffett’s moves out of banks:
“UNEMPLOYED BANKERS. Did Buffett dumping BIG BANKS signal end of banks? Is crypto US dollar next? Will Crypto US $ mean more loss of freedom & privacy? More Orwell’s 1984 BIG BROTHER? Will Fed replace bankers? Is Fed Big Brother? More reasons to buy gold silver Bitcoin now.”
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