You're right, Buffett does include dollars, euros, yen and gold as not having intrinsic value. In addition to the link above where Buffett warns against gold a

You're right, Buffett does include dollars, euros, yen and gold as not having intrinsic value. In addition to the link above where Buffett warns against gold as an investment, he also frequently warns against the hidden danger (compounded inflation) when holding cash. http://finance.fortune.cnn.com/2012/02/09/warren-buffett-berkshire-shareholder-letter/ http://finance.fortune.cnn.com/2012/02/09/warren-buffett-ber...