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Sunday, May 1, 2011

Warren Buffett outlook Gold, Dollar and Oil

Warren Buffett outlook Gold, Dollar and Oil : After the United States dollar weakened to a new low in almost two years, Warren Buffett sees the value declining even further. However, he won’t bet against the dollar any time soon. Berkshire once had a multi-million dollar bet on the state of the dollar in decline, but they have not tried to look into foreign exchange this time.

While the power to pushes with the U.S. dollar is declining, Buffett says that the purchasing power of foreign currencies around the world will also decline. Buffett does not think that the dollar will decline at a rate faster than the decline of other currencies either.

However, Buffett still feels that there will be a big bet on currency. It looks promising that he recommends that staying in the United States right now, with its economy the way it is, it better than being any where else in the world at this time.

Buffett thinks it’s useless to rush into buying gold; it comes in limited quantities and is a poor investment because the value of it is based only on what others are willing to pay. For the latest updates PRESS CTR + D or visit Stock Market news Today

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