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Schiff: Warren Buffet says U.S. bonds are poor investmentYouTubeFeb. 13, 2012 |
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 From Warren Buffet's newsletter: Even in the U.S., the dollar has fallen a staggering 86% in value since 1965 when I took over management for Berkshire Hathaway. It now takes $7 to buy what $1 did in 1965. Consequently, a tax free institution would have needed 4.3% interest annually from bonds over that period of time just to maintain itself. If you were paying taxes on your bond yields you would have lost money over that period of time. 
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