Somewhere, Warren Buffett’s father Howard Buffett, the 4-term Congressman from Nebraska who was a strong proponent of gold and silver as constitutional money, is rolling in his grave.
Charlie Munger, the Vice Chairman for his son Warren’s Berkshire Hathaway, delivered this beaut today in an interview with CNBC regarding his thoughts on gold:
“I think gold is a great thing to sew onto your garments if your a Jewish family in Vienna in 1939 but I think CIVILIZED people don’t buy gold”
Forget the traditional ‘barbaric relic’ and ‘you can’t eat gold’ bashing, the anti-gold rhetoric has now reached its moral nadir.
Munger’s CNBC interview below: