Gold and Silver • ‘Civilized People Don’t Buy Gold’: Berkshire’s Munger

Warren Buffett’s right-hand man doesn’t like gold as his boss does, Charles Munger told CNBC Friday on the eve of Berkshire Hathway’s annual meeting.

"Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in 1939," the Berkshire vice chairman said, "but I think civilized people don’t buy gold, they invest in productive businesses."

http://www.cnbc.com/id/47298734

Statistics: Posted by yoda — Sat May 05, 2012 1:59 am