During his final shareholder meeting as Berkshire Hathaway CEO, Warren Buffet said conditions could develop in the U.S. that "could easily make us want to own a lot of other currencies." I'd say such conditions are developing and Berkshire is already eyeing foreign investments.
— Peter Schiff (@PeterSchiff) May 4, 2025
*BUFFETT SAYS THERE COULD BE THINGS THAT WOULD HAPPEN IN U.S. THAT WOULD "MAKE US WANT TO OWN A LOT OF OTHER CURRENCIES" pic.twitter.com/J62VeZNp4R
— Investing.com (@Investingcom) May 4, 2025
Buffett's FX comments are interesting and not the first time he's expressed concerns about the Dollar.
In 2002/3 Berkshire bought billions of Dollars of Euro and Yen hedges. Although his long term current account deficit concerns ended up being wrong (the Dollar surged over 20+… https://t.co/PXa6Y03sfw pic.twitter.com/ov9ooFft2u
— Cullen Roche (@cullenroche) May 3, 2025
Consensus: "No other currency is big enough to supplant the USD in global reserves."
Gold: "I am." 👇
Greenspan, 2014: "Gold is a currency. It is still by all evidence the premier currency where no fiat currency, including the USD, can match it."
Via @MoneyMetals pic.twitter.com/WGejEMFwgw
— Luke Gromen (@LukeGromen) May 4, 2025