The Phaserl


Better Off With Berkshire B Shares or Gold?

by Dan Denning, Daily

Earlier this year we discussed gold and the shares of Berkshire Hathaway. Are you better off owning something that claims to be a store of value (gold) or something that’s designed to create profits for shareholders over time? We’ll get back to the ratio between these two values in a moment.

But before we get to that, Berkshire was in the news for two reasons this week. First, Berkshire subsidiary MidAmerican Energy made a $5.6 billion bid for NV Energy, a utility company based in the US state of Nevada. The all-cash bid is MidAmerica’s largest ever.

Is this a bet on natural gas or a bet on an American recovery? Maybe it’s both. NV is Nevada’s largest utility company. And natural gas is, as they say, ‘the fuel of the future’. Warren Buffett must be hoping the 23% premium MidAmerica paid for NV results in even more value created for his shareholders.

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