Chart usGOLD   Chart usSILVER  
 
Food for thought
To know how to wait. It is the great secret to success
Joseph de Maistre  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1368.95-7.75
Silver 22.45-0.02
Platinum 1465.005.00
Palladium 746.802.60
WORLD MARKETS
DOWJONES 1544558
NASDAQ 35053
NIKKEI 15627246
ASX 5142-14
CAC 40 405115
DAX 853159
HUI 2595
XAU 97-3
CURRENCIES (€)
AUS $ 1.3254
CAN $ 1.3315
US $ 1.2852
GBP (£) 0.8540
Sw Fr 1.2614
YEN 132.9820
CURRENCIES ($)
AUS $ 1.0309
CAN $ 1.0359
Euro 0.7780
GBP (£) 0.6643
Sw Fr 0.9812
YEN 103.4400
RATIOS & INDEXES
Gold / Silver60.98
Gold / Oil14.25
Dowjones / Gold11.28
COMMODITIES
Copper 3.380.05
WTI Oil 96.05-0.66
Nat. Gas 4.18-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
In the same category 
Charlie Munger: “Civilized People Don’t Buy Gold
Published : May 07th, 2012
102 words - Reading time : less than a minute
 
    Comments    
Tweet
Keywords :   Charlie Munger | Gold | Monetary System |

 

 

 

 

Here’s Warren Buffett’s sidekick Charlie Munger offering a few thoughts about gold as an investment in a CNBC interview the other day just prior to Berkshire Hathaway’s annual meeting.


YouTube Direkt

It’s not clear whether these comments are more insulting to today’s gold investors in general, Jews in 1939 Vienna, or the world’s emerging market central banks who happen to be buying lots of the metal lately, perhaps because they’re not as civilized as us Westerners and are not able to appreciate the many benefits of a monetary system consisting of pure fiat money, most of which is issued in the West.

 

 

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Tim Iacono
All articles by
Tim Iacono
Next article by
Tim Iacono
Receive by mail the latest articles by this author  
Latest comment posted for this article
I saw on the same segment and in a interview with Bill Gates he said “buying gold was all emotional buying”. So anyone buying gold is not only a heathen in the wilderness but an emotional neurotic as well. Of course Bill admitted he had invested in sil  Read more
billgreenjeans - 5/8/2012 at 7:47 PM GMT
Rating :  1  0
TOP ARTICLES
MOST READ
TOP RATED
MOST COMMENTED
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Tim Iacono

Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
Tim Iacono ArchiveWebsiteSubscribe to his services
Most recent articles by Tim Iacono
5/8/2013
5/6/2013
5/6/2013
3/30/2013
3/29/2013
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
 
       
I saw on the same segment and in a interview with Bill Gates he said “buying gold was all emotional buying”. So anyone buying gold is not only a heathen in the wilderness but an emotional neurotic as well. Of course Bill admitted he had invested in silver and made a lot of money on that but gold buying was just emotional.
I guess I need to visit a shrink because I am a real advocate of civilization and my wife tells me I not very emotional. Pigeon holing the whole world is quite a responsibility.
Oh well back to my meditation, I am trying to get in touch with my feminine side.
Rate :   1  0Rating :   1
Permalink
Makes sense if you have a $60 billion dollar bet on the health of the stock market
Rate :   2  0Rating :   2
Permalink
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer