Buffett Still Betting Against the Dollar
โพสต์แล้ว: อังคาร ธ.ค. 07, 2004 5:28 am
Buffett ups bet against dollar to $19B
Value of his holding company's contracts in foreign currency had increased $8 billion by June 30.
August 9, 2004: 3:36 PM EDT
NEW YORK (Reuters) - Warren Buffett increased Berkshire Hathaway Inc.'s bet against the U.S. dollar to $19 billion at the end of the first half of 2004, his holding company disclosed in a regulatory filing.
The value of the Omaha, Neb.-based company's contracts in foreign currency had increased $8 billion by June 30, the company said in its quarterly filing with the U.S. Securities and Exchange Commission.
Buffett previously disclosed making investments in five foreign currencies in a belief the dollar will decline in the long run as a result of the United States' ballooning trade deficit. He has never specified which currencies he was investing in, only saying they were major.
In the second quarter, Berkshire (BRK.A: Research, Estimates) reported that net income declined 42 percent due to $172 million in investment losses, including in foreign currency investments. In second quarter 2003, the company enjoyed $905 million in investment gains, mainly from selling U.S. government bonds.
Buffett trails only Bill Gates on Forbes' list of the world's wealthiest people. The magazine estimated Buffett's fortune at $42.9 billion.
บัตเฟตไม่ได้เปิดเผยถึง 5 สกุลเงินที่ไปซื้อไว้ครับ แต่คาดว่าน่าจะเป็น
1 Gold and or Silver (he bought a lot of physical silver in the late 90's)
2 Euro
3 Swiss Franc
4 Yen
5 Yuan
Value of his holding company's contracts in foreign currency had increased $8 billion by June 30.
August 9, 2004: 3:36 PM EDT
NEW YORK (Reuters) - Warren Buffett increased Berkshire Hathaway Inc.'s bet against the U.S. dollar to $19 billion at the end of the first half of 2004, his holding company disclosed in a regulatory filing.
The value of the Omaha, Neb.-based company's contracts in foreign currency had increased $8 billion by June 30, the company said in its quarterly filing with the U.S. Securities and Exchange Commission.
Buffett previously disclosed making investments in five foreign currencies in a belief the dollar will decline in the long run as a result of the United States' ballooning trade deficit. He has never specified which currencies he was investing in, only saying they were major.
In the second quarter, Berkshire (BRK.A: Research, Estimates) reported that net income declined 42 percent due to $172 million in investment losses, including in foreign currency investments. In second quarter 2003, the company enjoyed $905 million in investment gains, mainly from selling U.S. government bonds.
Buffett trails only Bill Gates on Forbes' list of the world's wealthiest people. The magazine estimated Buffett's fortune at $42.9 billion.
บัตเฟตไม่ได้เปิดเผยถึง 5 สกุลเงินที่ไปซื้อไว้ครับ แต่คาดว่าน่าจะเป็น
1 Gold and or Silver (he bought a lot of physical silver in the late 90's)
2 Euro
3 Swiss Franc
4 Yen
5 Yuan
