March 7, 2012

The Value Of The Dollar Has Fallen 86% Since Buffett Took Over Berkshire Hathaway

If Buffett were a true capitalist, he would be in favor of gold. He has noted that the value of the dollar has fallen 86 percent since he took over Berkshire Hathaway in 1965 and even said in his latest shareholder letter that investors are "right to be fearful of paper money." But he continues to harp on gold. It seems the only unit of account Mr. Buffett approves are shares of his own company! - in Investment News

Related, SPDR Gold Trust ETF (GLD), Berkshire Hathaway Inc. (NYSE:BRK.A)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.