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

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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.”

'Civilized people don't buy gold'...

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