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« Spain moves reluctantly to save major bank | Main | Turk - Banks & Governments Will Collapse Together »
Friday
May042012

Charlie Munger: Gold Is For Holocaust-Era Jewish Families To Sew Into Their Garments; Civilized People Don't Buy Gold

 

 While Becky Quick's CNBC interview with the Charlie Munger has a little for everyone to love and hate (from Keynesian-doctrine to easy-living-Greeks and Bad-trading-robots), Buffett's right-hand was particularly eloquent in his views (at around 9:08) on Einhorn's distrust of the Fed and buying Gold:"gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939 but civilized people don't buy gold - they invest in productive businesses." End quote.

To view this video please click here.

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Reader Comments (2)

So who in the hell is this "Charlie Munger" who says such things?
I do not buy even a thin pie slice of a copper-plated zinc cent
of his spewings!

Bruce Gordon, son of a Great Depression/World War II era
American Jewish family.

May 5, 2012 | Unregistered CommenterBG

I was particularly offended by Charlie Munger’s statement suggesting the only people that bought gold were the Jewish people in pre-war Vienna, to sew it in their garments, and that no civilized person would buy gold. That was one of the most disgusting statements I’ve ever heard in my life, on any subject.

I mean he denigrated the brave, oppressed Jewish people of pre-war Europe. At the same time, he disrespected anybody who was doing the right thing, which is buying gold in an attempt to protect themselves from a failing fiat currency system.

This is a comment by John Embry on KWN that we spotted this morning.

May 8, 2012 | Registered CommenterSilver Prices

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