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.
But even though Austin has planted his flag in Buffett's camp, there may be even better places for your money. The Motley Fool's 12 top stocks for 2013 are now available! So if you're tired of picking stocks out of a hat and hoping that one skyrockets, check out Stocks 2013: The Investor's Guide to the Year Ahead. It's The Motley Fool's current top report, and includes Chief Investment Officer Andy Cross' top stock for 2013. This under-the-radar company is the secret winner in the war for the last precious drops of oil on the planet. Find out what it is and how you can take advantage of this unseen company's huge profits in this special, 100% free report.