It's probably not Buffett who made that decision but rather one of the two other investors tasked with putting berkshire's cash to work: todd Combs and ted wesc

It's probably not Buffett who made that decision but rather one of the two other investors tasked with putting berkshire's cash to work: todd Combs and ted weschler. The investment in barrick gold is tiny in relation to brk's other investments. About $500m in a $210bn+ portfolio of public stocks (which in turn are smaller than their privately owned firms). Additionally, Berkshire's holds about $147bn in cash so let's please not get carried away with the gold comments.