Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
Secure Private Ordering
We use the latest online security processing,
so your order is safe & private.
We DO NOT disclose any customer
information to ANY third party company.
Our customer privacy is our priority.
Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
Warren Buffett dumps several banks
4.20.23 - Warren Buffett dumps several banks
Gold last traded at $2,004 an ounce. Silver at $25.28 an ounce.
Warren Buffett dumped several banks after spotting red flags in their financials. Here's what spooked him, and which stocks he sold. - Yahoo! Finance
Warren Buffett dumped his stakes in several banks because their bosses were taking "dumb" risks and using deceptive accounting to flatter their earnings, and he believed they would ultimately pay for their misdeeds, he revealed in a recent CNBC interview.
The famed investor's revelation that he predicted trouble in the banking sector is notable given its current turmoil. The sudden collapse of Silicon Valley Bank and Signature Bank in March has sparked concerns of an international banking crisis, worries about the safety of deposits, and fears of lenders pulling back and causing a credit crunch that squeezes consumers and businesses and shoves the US economy into a recession.
Here's a closer look at what the Berkshire Hathaway CEO said, and which bank stocks he's sold in recent years.
