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With a whopping $348 billion in cash on Berkshire Hathaway’s balance sheet, it’s easy to assume Warren Buffett has no worries at all.

But in a recent meeting with shareholders, the legendary investor admitted he’s worried about the eroding value of the U.S. dollar. What’s more, on May 3, Buffett announced he plans to retire as Berkshire Hathaway CEO by the end of 2025.

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“We wouldn't want to be owning anything that we thought was in a currency that was really going to hell, and that's the big thing we worry about with the United States currency,” he said.

Here’s why the Oracle of Omaha is anxious about the future of the greenback.

Buffett’s concerns over the dollar’s value stem from increased government spending and proposed tax cuts under President Donald Trump.

Despite the rhetoric about spending cuts, government expenditures rose by $200 billion during Trump’s first 100 days compared to the previous year. Buffett cautioned that such fiscal policies could pose significant economic risks.

The U.S. dollar index, which tracks the dollar’s value against a group of major foreign currencies, has declined by more than 8% since the beginning of the year.

Analysts warn that rising debt and reduced revenue could further devalue the currency and undermine U.S. creditworthiness. In fact, Moody’s downgraded the U.S.’s credit rating from Aaa to Aa1 on May 16.

Any further erosion in the dollar’s value could impact your purchasing power. Here are three ways to protect yourself.

If you're worried about the U.S. dollar's value and how it might affect your portfolio, certain assets can help protect your wealth.

During periods of uncertainty — tariff-driven or otherwise — investors often turn to gold. The precious metal is seen as a store of value against market volatility.

The price of gold has jumped by more than 40% since 2023. JP Morgan projects that it will hit the $4,000 mark by 2026.

One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of American Hartford Gold.