Warren Buffett is buying U.S. factories. That was all the signal I needed to decide the dollar had fallen as far as it was going to.
Remember Buffett was selling dollars starting a couple of years ago.
You could do worse than mimic Buffett.
There's a reason he's got all the money in the world.
Good for him. Factories yes, but not in this country.
"Buffett believes that the U.S. dollar will lose value in the long run. He views the United States' expanding trade deficit as an alarming trend that will devalue the U.S. dollar and U.S. assets.
As a result it is putting a larger portion of ownership of U.S. assets in the hands of foreigners. This induced Buffett to enter the foreign currency market for the first time in 2002. However, he substantially reduced his stake in 2005 as changing interest rates increased the costs of holding currency contracts.
Buffett continues to be bearish on the dollar, and says he is looking to make acquisitions of companies which derive a substantial portion of their revenues from outside the United States.
Buffett invests in PetroChina Company Limited and in a rare move, posted a commentary[9] on Berkshire Hathaway's website why he will not divest from the company despite calls from some activists to do so."
Where did you read that Buffet is buying US factories?