Golden touch: Is Warren Buffett betting against America?

Warren Buffett hasn't been a big fan of gold in the past.

Berkshire Hathaway revealed this month it had dumped nearly $US6 billion ($8.4 billion) of its US bank holdings, including a majority of its JP Morgan and Goldman Sachs shares and about a quarter of its holding in Wells Fargo. It did, however, add to its stake in Bank of America.

Golden touch: Is Warren Buffett betting against America?