Warren Buffet never mentioned gold at his annual meeting but given what he did say in the excerpt below, maybe he should have!

"OMAHA , Neb. (MarketWatch) -- Warren Buffett said Saturday that he's bearish about the ability of all currencies to hold their value over time because of massive deficits being run up by governments in the wake of the global financial crisis.

The Berkshire Hathaway Inc. /quotes/comstock/13*!brk.a/quotes/nls/brk.a (BRKchairman also warned shareholders attending the company's annual meeting that the Greek debt crisis will produce "high drama" and said it's unclear how it ultimately will be resolved.

The financial crisis was stemmed by massive monetary and fiscal intervention in developed economies like the U.S. and the U.K. That's shifted a private-sector debt mountain on to governments, increasing concern about sovereign risks.

One concern is that governments will print lots of new money to pay debts, undermining the value of currencies and triggering a damaging bout of inflation.

"Events in the world over the last few years make me more bearish on all currencies in terms of holding their value over time," Buffett said."