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Politics : Politics for Pros- moderated

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To: Nadine Carroll who wrote (485792)5/5/2012 1:45:16 PM
From: FJB1 Recommendation   of 793916
 
'Civilized People Don't Buy Gold': Berkshire's Munger

Published: Friday, 4 May 2012 | 4:28 PM ET

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."
...
cnbc.com
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