Buffett: Bonds should come with a health warning

Billionaire investor Warren Buffett has warned US treasuries, gilts and other bonds are among the 'most dangerous of assets' at current levels.

In an adaptation of his annual letter to shareholders that appeared on Fortune magazine's website, the 81-year-old told investors buying bonds they were putting their purchasing power at risk. According to a Bloomberg report, he said: "They are among the most dangerous of assets. "Over the past century these instruments have destroyed the purchasing power of investors in many countries, even as these holders continued to receive timely payments of interest and principal." Buffett said bonds are so risky given the current level of interest rates in the West that they should come wit...