Warren Buffett shrugs off de-dollarization fears but warns excessive government spending may have serious fallout

Markets Insider/Theron Mohamed/5-7-2023

“We should be very careful. It’s very hard to see how you recover once you let the genie out of the bottle and people lose faith in the currency.” – Warren Buffett

USAGOLD note: Some would argue that the genie is already out of the bottle. To a large degree, the surge in central bank gold demand is driven by concerns about the dollar’s future purchasing power.