Billionaire Buffett bearish on bonds, gold
Photo credit: AP, 2011 | Warren Buffett’s advice: Stay away from holdings tied to currencies.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said low interest rates and inflation should dissuade investors from buying bonds and other holdings tied to currencies.
"They are among the most dangerous of assets," Buffett said in an adaptation of his annual letter to shareholders that appeared Thursday on Fortune magazine's website. "Over the past century these instruments...
