Warren Buffet, 91, shuns gold, Bitcoin (BTC) and cryptocurrencies in general. The Omaha Oracle is betting instead on US Treasuries. His Berkshire Hathaway fund now allocates 60% of its cash portfolio to Treasuries now that they offer up to 3.27% yield. This choice is justified by the massive rise in bond yields since August 2021 in the wake of the Federal Reserve’s aggressive policies aimed at curbing inflation, which reached 8.4% in July. For example, the three-month U.S. Treasury bond yielded 2.8% on August 22, versus
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Gold buyers should beware of this area!