In the following video, Jeremy Phillips asks Austin Smith whether gold or cash are better picks than Berkshire Hathaway shares for those seeking safety. Austin picks Berkshire and says he has more Berkshire stock than cash in his portfolio. He trusts the company more than cash or gold, for gold doesn't generate income and cash drags down portfolio returns. He says he's also is unsure of where the dollar will stand in coming years.
Austin deems Buffett an inflation fighter because Buffett buys companies with moats, which, just by the nature of their businesses, can pass on higher costs to consumers. In short, he concludes that Buffett should continue to outperform and says that buying Berkshire is a good bet, since it's a bet on Buffett.
Austin Smith and Jeremy Phillips have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.