It has added shares of the world's second largest gold miner to its portfolio. Subscribers receive frequent updates on gold mining stocks, access to all my best gold and silver stock picks and my real gold portfolio, and a new list of silver stocks ranked by producers, developers and explorers. In the short term, Barrick shares could continue to face some pressure if gold prices weaken, although any decline in profits due to gold should be partially offset by rising copper prices (Barrick owns and operates four copper mines). When news broke about the coronavirus vaccine, the risk began to decrease, leading to a decline in gold prices and a decrease in the stock price of gold companies.
For those looking for a more secure investment option, a Gold IRA rollover review can provide insight into the potential benefits of investing in gold. Barrick Gold shares rose 10.5% on Monday after Berkshire Hathaway, owned by legendary investor Warren Buffett, revealed its stake in the gold mining company's shares. Now, the reason they prefer gold is because you can take gold anywhere, unlike stocks and real estate.