April 30, 2011, 2:38 PM ET.

Buffett on the Dollar, Gold and Oil

By Serena Ng

Warren Buffett isn’t looking to make another big bet against the U.S. dollar, even though he sees the currency’s value declining further.

The U.S. dollar recently weakened to a new two-and-a-half year low on Friday amid continuing concerns about the Federal Reserve’s loose monetary policy and the country’s debt burden and fiscal issues. The dollar is at multi-year lows against most major currencies.

A few years ago, Berkshire had a significant “shortâ€