With the Iran conflict ramping up, Americans are concerned about what this means for their finances. According to Warren Buffett, the dollar will drop, so look elsewhere for assets that hold their value better than cash.
“The one thing you could be quite sure of is if we went into some very major war, the value of money would go down,” Buffett said in a 2014 CNBC interview. “That’s happened in virtually every war that I’m aware of. Dollars are going to be worth less, so that money won’t buy you quite as much.”
Instead, Buffett has long argued that owning “productive assets” is more valuable during war. Finance experts explain.
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