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<p>[QUOTE=&quot;Cloudsweeper99, post: 1435727, member: 3011&quot;]Lighten up a bit.&nbsp; I know that in the age of political correctness, everyone is trained to be thin-skinned about the things people say when any ethnic group is mentioned.&nbsp; Munger is old - and smart.&nbsp; He is merely recounting a historical event from his younger days when owning gold enabled many Jews to escape the holocaust.&nbsp; Somehow, in his mind this is evidence that gold is a bad holding.&nbsp; I tend to agree with him over very long periods of time, but would also note that gold has outperformed Berkshire Hathaway stock over the past decade or so.&nbsp; Sometimes gold is a bad investment, and sometimes it is the best investment.&nbsp; But the man isn&#039;t a racist, and his life makes an interesting study.&nbsp; There are several books about him.[/QUOTE]</p><p><br /></p>

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