Greg Abel Set to Succeed Warren Buffett as Berkshire Hathaway CEO in 2026

A growing number of billionaire investors are turning to gold as a hedge against geopolitical instability and declining confidence in traditional financial systems, diverging from Warren Buffett and Charlie Munger's long-held skepticism about the metal's investment value. Recent moves by prominent figures like John Paulson, Ray Dalio, and Stanley Druckenmiller are informed by concerns over global economic shifts and the appeal of gold as a safe haven asset, especially in the face of potential stagflation or loss of faith in the U.S. dollar. With gold prices recently reaching record highs, forecasts suggest a continued upward trend, reflecting a broader sentiment that gold serves as a bet on fear and uncertainty. The trend is partly driven by recent events such as the 2022 confiscation of Russia’s reserves, underscoring risks associated with reliance on fiat currencies and the global financial system.