Charlie
Munger: "gold is a great thing to sew onto your garments if you're
a Jewish family in Vienna in 1939 but civilized people don't buy gold"
...and yet:
David
Einhorn: "I will keep a substantial long exposure to gold -- which
serves as a Jelly Donut antidote for my portfolio. While I'd love for our
leaders to adopt sensible policies that would reduce the tail risks so that I
could sell our gold, one nice thing about gold is that it doesn't even have
quarterly conference calls
Kyle
Bass: "Buying Gold Is Just Buying A Put Against The Idiocy Of The
Political Cycle. It's That Simple!"
and Howard
Buffett: "I warn you that politicians of both parties will oppose
the restoration of gold, although they may outwardly seemingly favor it. Also
those elements here and abroad who are getting rich from the continued American
inflation will oppose a return to sound money. There is no more important
challenge facing us than the restoration of your freedom to secure gold in
exchange for the fruits of your labors."
The uncivilized people have spoken, and the winner is...
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