Back in 1979, Warren Buffett used his annual shareholder letter to issue a stark warning — the value of the U.S. dollar seemed “almost certain to shrink by the day.” At the time, with inflation hitting double-digits and the post-gold-standard era still in its infancy, it was a reasonable bet.
Fast-forward 47 years, and while the dollar has certainly lost purchasing power, the "collapse" many feared hasn't exactly come to fruition in the way the Oracle of Omaha predicted.
