Munger on Gold

Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in 1939, but I think civilized people don’t buy gold, they invest in productive businesses. [1]

Charles Munger

 

[1] Margo D. Beller – ‘Civilized People Don’t Buy Gold’: Berkshire’s Munger. cnbc.com, 4 May 2012.

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