Sunday, May 1, 2011

Warren Buffett Warns of U.S. Dollar's Future

Apr 22, 2011, 14:36 by David Hope

Investment titan Warren Buffett, speaking in New Delhi, said the U.S. dollar was not the best bet these days and would not be for at least the next 20 years.

At a public appearance in India's capital, where he was shopping for companies to buy, Buffett said, "I would recommend against buying long-term fixed-dollar investments," The Washington Post reported Friday.

"If you ask me if the U.S. dollar is going to hold its purchasing power fully at the level of 2011 five years, 10 years or 20 years from now, I would tell you it will not," Buffett said....

Original article:
http://onlinejournal.com/artman/publish/article_8841.shtml

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