Charlie Munger: Civilized people don't buy gold
Charlie Munger, second in command at Warren Buffett's Berkshire Hathaway, gave his opinion of gold investors on Friday in an interview with CNBC:
"I think gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, but I think civilized people don't buy gold. They invest in productive businesses."
Watch the clip here.