Berkshire Hathaway Inc (BRK.B)

[gfp927z]

Bar, Concerning BRK, rather than owning Berkshire itself, I decided to own some of their stocks, 6 so far -- Aon, Apple, BYD, Coca Cola, Occidental, and Procter & Gamble. But only small positions since I have a $1000 limit for individual stocks. Here's the full portfolio as of now, with the bulk in the broad S+P 500 indexes -

https://investorshub.advfn.com/Portfolio-Ideas-40985

Additional ideas I keep here -

https://investorshub.advfn.com/Investment-Ideas-38154


Suggestions and ideas are welcome :o) After you mentioned your recent mid-cap investment, I decided to get some IJH also, along with the Vanguard mid cap ETF (VO).
I think our portfolios also overlap with Danaher and Cintas.

Concerning gold, I have some from years ago, but I think the current rule on sales tax is that it's collected on bullion items, but not on official government released items that are legal tender. Not sure if that's the exact rule now however.
Either way you want to stick to only large reputable dealers like Apmex. There are reportedly a lot of fakes out there these days.

I wouldn't go overboard with metals though. Not only have central banks long suppressed the gold price, but during stock market crashes (2008, 2020), gold has dropped more than stocks. Even with the current very high inflation, it has performed poorly.

Having a modest % in gold as disaster insurance makes sense, but the idea that one day money will inevitably be gold-backed again seems increasingly remote. Central banks will continue to have gold reserves, but that is more as a 'reality principal' for their reserve currency system. For domestic use, currencies will all be CBDCs/Central Bank Digital Currencies, and gold will have no involvement.

Unlike silver, gold doesn't have much utility value other than as jewelry and as money. If it isn't going to be money again, there isn't much reason for it to be $1800/oz. Imo, better to invest in other hard assets like land, real estate, or fine art if you can afford a few Rembrandts :o) If you have some serious money, you can't go wrong with owning a few classic Ferraris. I had the chance to buy a Dino 246 back in the late 1970s for $7500, and those now go for $300 - 800 K.




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