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Charlie Munger: "Gold Is A Great Thing To Sow In To Your Garments If You're A Jewish Family In Vienna In 1939'

By Mamta Badkar | Business Insider – Sat 5 May, 2012 12:29 AM IST

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Gold is very divisive and after an 11 year bull run many are expecting it to move off its highs.

But Berkshire's Charlie Munger had some harsh words for the commodity that is likely to upset gold bugs.

In an interview with CNBC's Becky Quick Munger said:

"I think gold is a great thing to sow in to your garments if you're a Jewish family in Vienna in 1939 but I think civilized people don't buy gold.

Of course, the Buffett/Berkshire stance on gold is pretty well known.

Buffett has always just characterized gold as a "rock" that's far worse to own than actually investing in business.

In a recent Fortune article, Warren Buffett poitned out all the gold in the world would form a cube that's just 68 feet on each square, and taht it would cost you $10 trillion.

We'll have a video up soon...

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