De-Dollarization: Warren Buffett Says the U.S. Dollar Is Going to Hell
Ace investor Warren Buffett announced his retirement at the age of 94 during Berkshire Hathaway’s 60th annual shareholders summit on Saturday and joined the de-dollarization bandwagon issuing a stark warning by bluntly saying that the U.S. dollar is a currency that’s “going to hell” . Warren Buffett’s statements coincide with the developing countries who are looking to sideline the U.S. dollar through the de-dollarization initiative. “We would not really invest in a currency that’s going to hell,” he said at the 60th annual shareholders summit. Also Read: De-Dollarization: Goldman Sachs Says These 3 Asian Currencies Could Take Over De-Dollarization: Warren Buffett Considers Investing in Foreign Currencies Next, Not the U.S. Dollar Source: Investopedia / Getty Images The 94-year-old Warren Buffett hinted that Berkshire Hathaway would consider investing in foreign currencies and not the U.S. dollar for better prospects, mimicking the de-dollarization trend. “There could be things happen...