Aug 12, 2011

Warren Buffett on the rating of the dollar vs. US Treasuries

U.S. Treasuries are still triple-A in that there is no question that we will repay the interest and the principal. Every contract will be repaid. So our bonds are triple-A. Our currency, the dollar, is not triple-A. Our bonds are.

~Warren Buffett, the Oracle of Omaha, Fortune, "Buffet: The lower stocks go, the more I buy", August 11, 2011

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