Got gold and silver?
– Must Read: “Another Perspective” (ZeroHedge, May 14, 2012):
From Paul Brodsky and Lee Quaintance of QBAMCO
Another Perspective (pdf)
Two weeks ago, before Jamie Dimon’s thoughtful diversion, Charlie Munger of Berkshire Hathaway instructed viewers of CNBC that “civilized people don’t buy gold, they invest in productive businesses”. Munger was right in that civilized people invest in productive businesses and was right to imply that gold is a non-productive rock, but, in our humble opinion, he was wrong to suggest that gold does not have significant upside as an investment currently (even more than BRK/A?).
Tags: Ben Bernanke, Berkshire Hathaway, Bonds, Central Bank, Charlie Munger, China, Debt, Economy, EU, Europe, Fed, Federal Reserve, Global News, Gold, Goldman Sachs, Government, Greece, IMF, Larry Summers, Politics, QBAMCO, Silver, Stock Market, Timothy Geithner, U.S., Unemployment, Wall Street, Warren Buffett