Charlie Munger on GOLD 💥 ALL HE EVER SAID 👍

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EVERYTHING CHARLIE MUNGER HAS EVER SAID ON GOLD ON ALL BERKSHIRE HATHAWAY MEETINGS.

I can’t imagine a worse crowd to deal with than a bunch of gold bugs.

I have never had the slightest interest in owning gold. It’s a much better life to work with businesses and people engaged in business.

Gold is very unimportant.

If you have the opportunities of Berkshire Hathaway, averaged out, gold is a dumb investment.

Well, I think gold was — and similar items — that was a great thing to have if you were a well-to-do Jewish family in Vienna in 1935, because you had hazards where that gold had enormous utility to you. But for Berkshire Hathaway sitting here in 2005, it just doesn’t interest us at all.

Something peculiar to buy an asset which only will really go up if the world really goes to hell. (Laughter)

It doesn’t strike to me as an entirely rational thing to do.
I think you can figure on leaving the country because the country is going to kill you. And all the countries you might go to will also be thoroughly screwed up.

I think all those people should buy a little gold, but I think the rest of us would be better off with Berkshire Hathaway stock. (Laughter and applause)

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