Civilized People Don’t Buy Gold ?
i guess “civilized” people launder mexican drug money, invest in private prisons and practice whitehouse parasitism.
don’t worry Charlie … you’ll be back sleeping on the park bench and cleaning floors in no time. (and i am gonna help put you there with a smile on my face)
what a complete and utter twat. to protect money value from devaluing currencies is uncivilised (by inference)? Oh so it’s our fault now.. if we had run with the sheep all that money would be buoying the markets elsewhere and providing capital investment. k.
He looks pretty close to death, so sad. can’t blame him for picking out an epitaph I suppose.
Well if gold’s going up up up then what’s to stop anyone in 2012 US from storing wealth in it? If people who own lots of gold somehow capture all the money, is it that hard to print more?
Gold is just an obvious way of exploiting a very very flawed system. Charlie Munger is just mad that more and more people are starting to figure it out.
Off-putting analogy aside, he has a point; if the government is about to confiscate all wealth and credit then obviously you’d wish you had an easy way to carry it around. But in ordinary circumstances if the stock market (for example) can’t match gold’s returns what can the government expect people to do?
But at any rate there is the oft-forgotten third option — and one of the most popular these days — deploy your money into productive businesses alright…but only into ones that are outside the country.
He be right. Gold is a primitive money form.
I suppose TIPS are the best inflation hedge in theory.
The rich buy bonds. Why? Cause they are a giveaway is why.
Gold is in a bubble UNLESS a (fascist) gold standard is reintroduced in which case your gold might be declared illegal and seized. You still might make some money on it though.
(and i am gonna help put you there with a smile on my face) General Pasta
Nah. He’ll die rich.
But you’ll be looking at a shiny pile of metal and screaming, “Why aren’t you making me any money?!” some day?
But you’ll be looking at a shiny pile of metal and screaming, “Why aren’t you making me any money?!” some day?
Yahhhh but I don’t invest in shiny metal for making money, I protect a portion of my savings from inflation in case the system cracks. About $10k is all. So if things go tits-up, I won’t starve. I not interested in having a huge meglamaniac Mwahahaha like Michael Maloney, just a quiet heh heh.
F. Beard | May 4, 2012 at 11:23 pm |
—But you’ll be looking at a shiny pile of metal and screaming, “Why aren’t you making me any money?!” some day?—-
a pile of what ? will you be looking at while in the detention-camp, after you have been narcotized and chipped for lifetime and no bible around?
btw, for some of us the metal is not necessarily here to “make” us any money …
but to make us not lose everything! .. You should know that by now Beardo!
@ proxyoflove | May 4, 2012 at 11:35 pm |
our postings coincided somehow …
If Lawrence Welk was hocking gold Charlie would be snorted it up like it was going out of style.
Haha VondaLove, we we’re writing overlapped in time, itched ever so slightly by the proxyofbeard and his generalisations. <3
god I did ‘we’re’ instead of ‘were’ again.. grr! Beardsy’s fault. Or the booze.
Yes, and the wise Jew made sewing thread from fine gold wire, covered in linen, and unstitched an old overcoat, and re-stitched it.
after you have been narcotized and chipped for lifetime and no bible around? V B
If there are no Bibles then it means the Beast and Anti-Christ will be in power and I’ll have been Raptured out of here.
Otherwise, there will be Bibles since the Baptists will make sure of that. Heck, there might even be mandatory Bible studies.
Anyway, I’ll finally lose weight.
I ain’t scairt (cepting for the humidity; I’d best move back West soon.)
It is only prudent to have gold before you need to exit a country descending into national socialism. Gold is not about money, it is about putting distance between my assets and an irresponsible national government.
It is only partially correct to call the US a Banana Republic, that would be true if it was just about fiscal irresponsibility and petty dictatorship. What we have in the US is a recessive nazi mentality: state controlled propaganda, rule of law by oligarchs, a fondness for high tech war toys, misplaced self-righteous bigotry and a willingness to engage in persecution against “terrorists”. It is not the color of the nazi pukes that worries me, “green” nazi police, “pinko” nazi blue states, ultra orthodox nazi red states, or the “pastel blue” of TSA stasi agents … it is their nazi-ness that bugs me, their red-coat pro-monarchism, their brown shirt thuggery. The view that “the state is all and individuals are nothing” paints a vivid cubist picture, but it stinks!
My ancestors used to sew gold into coats and they weren’t even Jewish. Munger’s ancestors used to sew IOUs into coats.
@Beardsy ‘raptured out of here’, lol, you are a sarky sort aren’t ye? I believe Jesus said something about the meek inheriting the earth, presumably this is after all the wankers have been raptured away hahahahahahahahhahaah! Oh I crack myself up.
Ah the off license is closed and I’m not nearly smashed enough to go into the bible.. the biblos. The word. In the beginning. I’ve let you off on countless occasions, I’ve read yer comments and not revealed my biblical wit. To wit, to woo, love to you!
@Beardsy.. funnily enough ‘God’ is a type of proxyoflove. For those who seek self-love from above. So as you asked about my name, it aint to do with sex or sex shame. It’s to do with self-acceptance we give one another, from mother and father to sister and brother. The point is that in LOVE we are one, because fear is truly NOT an emotion. Gottit?
@ F. Beard | May 5, 2012 at 12:16 am |
—If there are no Bibles then it means the Beast and Anti-Christ will be in power and I’ll have been Raptured out of here.—
Beardo, the “Beast/Anti-Christ” IS IN POWER … NOW .. as we are speaking
but not as you imagine it.
and Bibles are here ONLY to keep you inclined to the non-fact there would be an
Antichrist!!!!!!! its the greatest HOAX of all times!!!!
How could “the church” ever survive, if they had not invented the Antichrist?
And I say “the church”, not some great girls and guys who showed up and supported “ethics” and great thought throughout history to offer and serve guidance to humans …
can´t you see ??????????
—I’d best move back West soon.—
Yeah, please pack up and move back to Arizona!
I got it! Gold fillings and gold teeth! What better way to protect your wealth?
@ proxyoflove | May 5, 2012 at 1:10 am |
I think it just happened again
@ F. Beard | May 5, 2012 at 1:23 am |
—-I got it! Gold fillings and gold teeth! What better way to protect your wealth?—-
hmmm… they will take it out while you´re narcotized and before you´re chipped,
Here's one for our fallen Beardy Boy
Hahaha, the <3 is for 'heart' (love) and coincidentally looks like a bra – oh my pervy mind! looool!
To say Munger is right about gold is to say that Jewish families in 1939 Vienna were uncivilized. Broad sweeping generalizations like this, when turned into action, gave us the holocaust. Munger is clearly describing by this statement those who could perpetrate the holocaust in the name of ‘civilization.’ This statement made by Munger expresses contempt for the diversity of humanity and is the basis for thinking that brings us ‘the war on terror.’ There is no such thing called ‘civilization’ and those who try to ‘civilize’ another ARE the terrorists. Self righteous in their belief that humans should conform to the manner and dictates of the rich.
Terence Mckenna;Civilisation is…. (seattle 1999)
Actually the link was supposed to be intergalactic:
@ Jayme | May 5, 2012 at 1:44 am |
pew! … THANKS!!!!
and before you´re chipped,
I suppose VB
God won’t hold involuntary chipping against us. But those who choose to worship the Beast are DOOMED!
I think the choice will be: worship the Beast or have your head cut off.
I’m confident you’ll pick having your head cut off. It beats going to Hell by infinity!!!
Self righteous in their belief that humans should conform to the manner and dictates of the rich. Jayme
You mean like those in favor of a gold standard?
‘You mean like those in favor of a gold standard?’
I think you meant
‘You mean like those in favour of a gold standard?’
King James spelling anyway.
Trying to get a rise but I just don’t do it for him anymore :””(
Complete bullshit! CNBC sucks, always has. And Becky, I just can’t stand that corporate suck up bitch.
F. Beard | May 5, 2012 at 1:49 am |
—God won’t hold involuntary chipping against us.—-
—-But those who choose to worship the Beast are DOOMED!—-
THE BEAST ?????
May I speculate? The current state you are in for so long now, eventually will make
you NOT capable to differentiate who to pick during the “showdown”
never underestimate the sheer (evil=live) brilliance and trickiness of the BEAST!!!!
I guess, you would´t even recognize “the beast” if it showed up in your living room
It might come in disguise as a read haired woman offering soda crackers and Carlo Rossi Burgundy asking for a bible-talk ….
you would be doomed in 10 seconds!
“You mean like those in favor of a gold standard?” – F. Beard
I mean anyone who would impose their belief on another person – whether they know it to be true or not. That is, any proselytization whether it be for religious, political, or personal reasons. Idyllic, but if one were to follow the logic, we tyrannize our children into their citizenship of this civilization and give them their culture. Out of this we get the tyrants that run the levers of power and the meek who don’t recognize their own life’s worth. Too many people sit in judgement in a ‘civilized’ society where morality is decreed rather than the result of one’s own life lived. So, yes, when central bankers and those who would bully others into gold as a monetary standard, they carry on a mental tradition of terror.
Having said that, it doesn’t mean a gold standard won’t return or that gold won’t go up in value. Seeing the behaviors of the market, this seems reasonable. If one is fortunate enough to have ‘disposable’ income, then it would be wise to put some into gold and silver along with any other investments one makes. From what little I understand, Max Keiser and the PM bugs seem to be generally correct about gold and silver – whether one denigrates it or not – imho.
You’re welcome VB.
Personally, I like Ron Paul. His idea to return to the gold standard is Constitutionally based and most Americans will hold onto their past in nostalgia as the system crumbles. Nothing will stop it from crumbling though – not even gold. Too much reliance on statutory laws and not enough wisdom. We rely too much on ‘authority’ to tell us what is right and wrong rather than listening to our own hearts. More of us would be on the streets and in the houses of parliament, rather than continue letting these crony’s continue wrecking the lives of people as well as the life of the planet, like we do – imo.
That is, any proselytization whether it be for religious, political, or personal reasons. Jayme
So I shouldn’t read what you are typing either?
F.Beard – It’s your choice.
When I hear this fuckin’ tool talk, I get all ‘ antidisestabishmentcontrarianism ‘ and stuff and junk and all. Really – this chicks segment should really be called ‘ Tool Time’.
Indeed it is. Your’s also.
300,000 Jews escaped before the slaughter after having to give up 90% of their wealth to the Nazi,s so they could sew the gold into there trousers. The rest of the gold was took from the teeth of the Jews that stayed before they were terminated.
Better get rid of your gold fillings Charlie.
Wow, you don’t listen to the end of the interview? He says exactly what you have been saying..legalized frontrunning would be outlawed..
I believe that I am a christian and ultra conservative and I don’t see anything wromg with buying gold and silver for savings, investing and if need be spending. What is barbaric though is paper and electronic fiat currencies that were introduced by politically correct barbarians. Those same barbarians forced womens lib, homosexuality, democracy, communism, real estate hyper inflation, gun control, satanic secret societies, political correctness, AGW and zionism on society. The next barbaric acts will be the mark of the beast and the cashless society and mass satan worship. All this barbarism and its supporters need to be stamped out for the good of mankind.
What is barbaric though is paper and electronic fiat currencies … SR
Inexpensive fiat is the ONLY ethical money form for Caesar’s money. In addition to paying taxes, should people also be forced to buy gold to do so?
As for “666”, if you want to put that off, you should be more concerned with justice such as Steve Keen’s “A Modern Jubilee”.
They will fling their silver into the streets and their gold will become an abhorrent thing; their silver and their gold will not be able to deliver them in the day of the wrath of the LORD. They cannot satisfy their appetite nor can they fill their stomachs, for their iniquity has become an occasion of stumbling. Ezekiel 7:19
More importantly, CNBC tells me “Vanilla Ice on Fixing Up Houses”. Apparently he’s the real-estate king.
I couldn’t stand to listen to this guy.
Could it be that the “gold and silver” being flung into the streets be referring to all money — gold, silver and fiat (they did not have fiat currency at the time)? The point being when SHTF money is not going to be the answer for anything since you can’t take it with you and you are going to be ready to go
I still argue that investing in self-sufficiency and whole foods without constant, needy dips into the ‘system’ is the best investment you can make.
If you find the need to use less money, you are free-er.
Over the centuries; a preoccupation …We tinker with the “divisive” bundle. We tinker with money and variations, we tinker with politics this politician that politician or “ism”. We tinker with religion over centuries … you tinker with mermaids … as for me, I may be crazy but I like an entire woman, with all her complexities, to tinker with.[more than enough for me to love and handle]
Mermaids versus a real woman ….. Now would be a good time to let the system we were designed to use, serve us. Natures’ infinite Autonomous Statelessness … A smart. life balanced, support system; your right to ownership, in common is front and center, with no divisive, judgmental facility of money, politics, religion. It is the absence of a recognized link between an individual and the obvious absurdity of simpleminded, monetized, state. All empirical, evidence as it presents.
u really think we can pull a rabbit out of the collective, ass and fix this by tinkering? … occupying the deck chairs with “ethical” people?? Lol, the system promotes misinformation … it is the system, not our corrupt cousins that we need to replace. A massive shift in consciousness!
What are the “odds” we are going to tinker our way out of this … “Half the nations of the world will face freshwater stress or shortages by 2025.” electricity demand is expected to grow by 50 percent, placing an additional burden on freshwater supplies. [Just one of many global variances] do those who tinker[over centuries] have their eye on the ball?
Wow. That Munger is a freak. Something between a mole and a burn victim.
little mr. Buffett sat on his tuffet
investing other’s life savings away
along came a Munger, who said gold is no longer
dismissing US fiat dollar decay
Munger needs a respirator stat, no oxygen is getting to his head.
“u really think we can pull a rabbit out of the collective, ass and fix this by tinkering? … occupying the deck chairs with “ethical” people?? Lol, the system promotes misinformation … it is the system, not our corrupt cousins that we need to replace. A massive shift in consciousness!”
Munger: One who munges [ http://www.urbandictionary.com/define.php?term=munging ]