Warren Buffett and Charlie Munger don't like gold (or silver), and they're not eager to place any FX bets, but Buffett's view on the dollar seems pretty unequivocally negative.
Read more: http://www.businessinsider.com/warren-buffett-theres-no-question-the-dollar-will-keep-falling-2011-4#ixzz1L73QDU00
Via Liz Claman, Buffett told the crowd in Omaha: No question that the purchasing power of U.S. dollar will decline over time. Only question is at what rate it will happen.
He says he's had fears that it could happen at a quicker rate.
All that being said, this isn't necessarily a gloomy pronouncement. Buffett noted how much the dollar has depreciated since he was born, and yet economic progress since then has been remarkable in the US. What's more, all currencies will decline over time (vs. real things), it's just a matter of the pace.
And ultimately, even still, Buffett says right now he'd rather be born in the US than anywhere else in the world.
Read more: http://www.businessinsider.com/warren-buffett-theres-no-question-the-dollar-will-keep-falling-2011-4#ixzz1L73QDU00
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