Author Topic: 'Civilized People Don't Buy Gold': Berkshire's Munger  (Read 1451 times)

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Offline exchange

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'Civilized People Don't Buy Gold': Berkshire's Munger
« on: May 07, 2012, 06:00:14 PM »
Not suprised to hear this from Berkshire, the same Berkshire who purchased 129.7 million ounces of silver back in 2001 and sold it all in 2006.
http://www.time.com/time/magazine/article/0,9171,138593,00.html

"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


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Offline badon

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Re: 'Civilized People Don't Buy Gold': Berkshire's Munger
« Reply #1 on: May 07, 2012, 06:29:07 PM »
Warren Buffet has been pro-government lately, at the expense of truth and his business profits.

Offline BChung

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Re: 'Civilized People Don't Buy Gold': Berkshire's Munger
« Reply #2 on: May 07, 2012, 08:40:25 PM »
The recent Financial crisis has shown the true colors of Warren Buffet & Charlie Munger. Hypocrites. Buffet tax stance is perhaps the biggest joke of all if ones goes and does some research regarding this "real" tax stand. Did I mention BUffet's constantly defending one of wall streets biggest Ar**hole, who runs a company which has a stake in?