Why Civilized People Buy Gold

Gary North reports:

Charlie Munger is Warren Buffett's partner. He is 88 years old. You can see his remark in this brief extract from an interview on CNBC.

That sounded clever. But cleverness can conceal a great deal.

Jews in Vienna were civilized people. Uncivilized people had been running the government ever since March 1938. The Nazis were in charge.

The trouble facing civilized people who are under the control of uncivilized people is that they suffer from an illusion. They don't understand the degree to which the uncivilized people are uncivilized.

An article well worth your time.