Saturday, January 29, 2005


Bill Gates: Short The Dollar

Bill Gates said today "I'm short the dollar,'' Gates, chairman of Microsoft Corp., told Charlie Rose in an interview late yesterday at the World Economic Forum in Davos, Switzerland. ``The ol' dollar, it's gonna go down".

Fellow Berkshire Hathaway boardmember Warren Buffett agrees, "Unless we have a major change in trade policies, I don't see how the dollar avoids going down".

Gates, who invests in China, also expressed his admiration for the economics of the communist giant. "It's phenomenal,'' Gates said. ``It's a brand new form of capitalism".

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