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Berkshire's cash soars to $325B, Buffett sells Apple, Bank of America

reuters.com

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Re: Berkshire's cash soars to $325B, Buffett sells Apple, Bank of America

#5

Post by 748 »

TimCTRL wrote: post #2

for context, my country has like $3B in forex reserves (just 3 months of import cover), damn!

I don't think foreign currency reserves of a country that are being actively used are an adequate metric for comparison. The cash tech sits on would be more appropriate. Or even GDP of a country. But foreign exchange reserves of a country can be influenced by a number of factors that are not relevant to this article. Specially since you didn't even mention the country name or it's gdp, it doesn't give us an idea of the scale of the foreign currency reserves. For all I know, the us might as well have that amount of foreign currency because it's mostly using usd anyways. Maybe you could elaborate a little bit, why the scale of foreign currency reserves of a given country can be relevant?

Re: Berkshire's cash soars to $325B, Buffett sells Apple, Bank of America

#8

Post by newsclues »

748 wrote: post #5
TimCTRL wrote: post #2

for context, my country has like $3B in forex reserves (just 3 months of import cover), damn!

I don't think foreign currency reserves of a country that are being actively used are an adequate metric for comparison. The cash tech sits on would be more appropriate. Or even GDP of a country. But foreign exchange reserves of a country can be influenced by a number of factors that are not relevant to this article. Specially since you didn't even mention the country name or it's gdp, it doesn't give us an idea of t…

A nations gold reserve could be a good comparison?
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