A Whole Lot Of Uncivilized People Out There...

Tyler Durden's picture


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...

Source: WGC

And just as importantly, the people have realized that buying ETF-based stock certificate representations of a hard asset held in custody by Cede & Co., which may one day simply vaporitse, may not be the most prudent way of insuring against terminal stupidiy.

h/t WallStreetMane

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Sat, 05/05/2012 - 13:24 | 2399487 TheSilverJournal
TheSilverJournal's picture

Name calling and playing on social pressures is the main tool that the central planners have.

Sat, 05/05/2012 - 13:30 | 2399497 Negro Primero
Negro Primero's picture

“Everyone has a plan until they get punched in the mouth.” -Mike Tyson

Sat, 05/05/2012 - 13:46 | 2399508 The Big Ching-aso
The Big Ching-aso's picture



Sew it in your underwear crotch.  That way you can say you have gold between your legs instead of silver hairs.


Sat, 05/05/2012 - 14:03 | 2399558 WmMcK
WmMcK's picture

The original Thigh Master.

Sat, 05/05/2012 - 14:25 | 2399591 The Big Ching-aso
The Big Ching-aso's picture



Are you talking about Billary?

Sat, 05/05/2012 - 14:37 | 2399621 HoofHearted
HoofHearted's picture

We are the barbarians at the gate. Remember what happened to Rome???

Sat, 05/05/2012 - 14:40 | 2399624 The Big Ching-aso
The Big Ching-aso's picture



Didn't they first march into NYC and then onto Syracuse?

Sat, 05/05/2012 - 15:18 | 2399687 Ahmeexnal
Ahmeexnal's picture

Someone should check assMunger's long form birth certificate. It's a fake like the one shown by teleprompter-in-chief.

Sat, 05/05/2012 - 15:40 | 2399721 akak
akak's picture

Unfortunately, experts in reading cuneiform are hard to come by these days.

Sat, 05/05/2012 - 16:21 | 2399784 Badabing
Badabing's picture

Funny Charly talks about HFT algos and he doesn't even use a cell phone.

but the real satire is his name Monger.






Computer programming term, stands for "MODIFIED UNTIL NO GOOD", meaning someone applied so many 'fixes', that it stopped doing what it was supposed to

Sat, 05/05/2012 - 16:26 | 2399788 Manthong
Manthong's picture

“civilized people don't buy gold"

If Mr. Munger was sincere with that sentiment he should be calling on all central banks and sovereigns to divest themselves of all their unproductive gold as gold is an uncivil and barbarous relic.

Sat, 05/05/2012 - 16:50 | 2399829 Rahm
Rahm's picture

I'd put up $1k saying Munger's buying gold...

Sat, 05/05/2012 - 23:56 | 2400323 flacon
flacon's picture

Don't look up "Munger" in the urban dictionary:




4. Munger

    Verb: To ejaculate prematurely

Past tense: Mungered That girl is so hot i might munger in my pants.

Sun, 05/06/2012 - 00:33 | 2400344 Xkwisetly Paneful
Xkwisetly Paneful's picture

Oh buy gold? what an upset!!!!!

Which has gone on longer?  A day without multiple pump gold/silver pieces largely from folks already nose deep in the shit,

or a day without multiple homicides in Chicago?

Sun, 05/06/2012 - 07:58 | 2400489 GetZeeGold
GetZeeGold's picture




Knock knock.


Who's there?


Just us Philistines.


Sat, 05/05/2012 - 17:35 | 2399913 DeadFred
DeadFred's picture

Munger's problem is he he sees no similarity between Vienna, 1939 and today. How smart can he be?

Sun, 05/06/2012 - 01:21 | 2400371 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I think Chuck means to cause his fanz to see no similarity between today and Vienna '39. 

If you really parse what he said the statement is bizarre on a whole lot of different levels.

Sat, 05/05/2012 - 17:11 | 2399869 Pure Evil
Pure Evil's picture

The word fake is no longer to be used.

The new password is 'Photoshopped'.

Thank you for your time.

This has been a message from your Public Broadcasting System.

Sat, 05/05/2012 - 22:02 | 2400218 cowdiddly
cowdiddly's picture



Sun, 05/06/2012 - 07:57 | 2400491 GetZeeGold
GetZeeGold's picture




Amen cowdiddy.....if ya got nothing intelligent to say just STFU.


Got that Chuck?


Sat, 05/05/2012 - 14:57 | 2399653 fourchan
fourchan's picture

ole keglegs.

Sat, 05/05/2012 - 16:32 | 2399782 NewWorldOrange
NewWorldOrange's picture

Or ol' Sleestak.




Hey Tyler. Maybe Sleestak Munger would be a great nickname for ol' Charlie on Zerohedge.

1) Looks just like a Sleestak

2) Lives in the Land of the Lost.

3) Reptilian

4) He has no game. From the Urban Dictionary: "Sleestak: Derived from the mythical characters from "Land of the Lost". It has evolved into a type of defensive posture used in playing basketball, e.g.,'He drove the lane and dunked on the whole team. They stood there playing defense like a bunch of sleestaks.'"

5) Also from the Urban Dictionary: "A person who inflicts self-harm on themselves." His statement seems to be backfiring, and his prejudice against gold has cost him dearly for at least a decade, in money and credibility.

6) And finally, also from the Urban Dictionary: "A last final emptying of the penile shaft..."

Sat, 05/05/2012 - 20:49 | 2400170 TheFourthStooge-ing
TheFourthStooge-ing's picture


It appears to fit Munghole on all counts.


Sat, 05/05/2012 - 14:49 | 2399641 Stoploss
Stoploss's picture

Yes. The Bernanke put will fail..

However, the FED PUT WILL NOT FAIL..............................................


Oh, and.................FUCK THE FED.............................

Sat, 05/05/2012 - 21:42 | 2400211 The Paucity of Hope
The Paucity of Hope's picture

Then stay away from camp fires. There's a reason why Levi Straus took the rivet out of the crotch of his blue-jeans ;-).

Sat, 05/05/2012 - 13:39 | 2399509 Eclipse89
Eclipse89's picture

Hey Charlie, you old mole, open your mouth now I need to shit!


An uncivilized barbarian

Sat, 05/05/2012 - 14:00 | 2399518 The Big Ching-aso
The Big Ching-aso's picture



Great.   Now we know for sure we're only gonna be wearing Gandhi diapers in the Fema camps.

Sun, 05/06/2012 - 09:04 | 2400502 GetZeeGold
GetZeeGold's picture



Should have ordered 600 million hollow points. 450 million ain't gonna cut it now.




Why did DHS order 450 million 40 cal Hollow points?


........wait for it!


Best Answer - Chosen by Voters Standard Issue For DHS, Border Patrol, ICE and Countless others is the Glock 40 cal.
Does that help any.



Yes.....that helps a lot.


Sat, 05/05/2012 - 14:29 | 2399605 The Big Ching-aso
The Big Ching-aso's picture



....." Or bitten in the ear."

Evander Holyfield


Sat, 05/05/2012 - 14:35 | 2399614 resurger
resurger's picture

fucking Epic +1

Sat, 05/05/2012 - 15:20 | 2399694 WmMcK
WmMcK's picture

"No plan survives contact with the enemy."
But Mikey's is more memorable.

Sat, 05/05/2012 - 16:04 | 2399756 I am more equal...
I am more equal than others's picture

Unfortunately for Charlie Munger the next time he gets punched in the mouth I fear it will be a mob with their own set of rules - which means the lowest common denominator or where's the rope and tree. 

Sat, 05/05/2012 - 20:58 | 2400181 Hopeless for Change
Hopeless for Change's picture

@ TheSilverJournal:  Had to get a new password so I could login and give this comment a +1

Sat, 05/05/2012 - 22:46 | 2400265 killallthefiat
killallthefiat's picture

I do not know if Ron Paul is going to pull this one out (who, incidentally, promises austerity and a gold standard), but we are going into austerity and going on a gold standard.  ZH'ers had better be careful what they wish for. 

Look at Howard Buffet's wiki and learn that he is a bigger globalist than his pere.

Your 10 oz of Au will not protect you.

Sun, 05/06/2012 - 07:27 | 2400480 Quinvarius
Quinvarius's picture

Austerity on a gold standard is workable.  Austerity on a fiat standard is just cruelty.

Sat, 05/05/2012 - 13:25 | 2399488 Stackers
Stackers's picture

Mr. Magoo you've been PWND

Sat, 05/05/2012 - 13:59 | 2399552 WmMcK
WmMcK's picture

You've done it again ...
And damn you, Tyler for splitting the thread, I was hoping for a thou on the original one.

Sat, 05/05/2012 - 14:10 | 2399571 The Big Ching-aso
The Big Ching-aso's picture



Hey, does anybody know how Zyclon-B reacts with gold?

Sat, 05/05/2012 - 14:25 | 2399598 mick_richfield
mick_richfield's picture

Yes. I know.

Sat, 05/05/2012 - 14:46 | 2399633 akak
akak's picture

Charlie Munger:


Out of self-respect, pigeons in the park refuse his breadcrumbs.

In desperate ennui, drying paint and growing grass watch him.

Babbling brooks say "Wow, even we make more sense than this guy!"

He is .... the least interesting man in the world.


Stay stupid my friends.

Sat, 05/05/2012 - 14:48 | 2399640 Max Fischer
Max Fischer's picture



Incredibly dumb post, Akak 


Sat, 05/05/2012 - 14:54 | 2399648 akak
akak's picture

Flippant, juvenile and ad hominem, as always.

At least you are consistent.

Sat, 05/05/2012 - 14:56 | 2399652 Max Fischer
Max Fischer's picture



It's 14:54, and you've already got an up arrow?

Fond of yourself, Akak?


Sat, 05/05/2012 - 15:05 | 2399663 akak
akak's picture

If anyone ever needed an example which defines "online trolling and baiting", please refer to the poster's comments above.

Sat, 05/05/2012 - 15:08 | 2399666 TheFourthStooge-ing
TheFourthStooge-ing's picture

Here's an up arrow, akak.

I'm identifying it as coming from me.

After all, we don't want Maxine to get butthurt about it.


Sun, 05/06/2012 - 08:18 | 2400504 GetZeeGold
GetZeeGold's picture



Cut Max a break.....he's clean out of Ritalin.


Sat, 05/05/2012 - 15:23 | 2399695 Max Fischer
Max Fischer's picture



Personally, if all the doomer goons around here can continually pray for the implosion of modern society and for wide-spread break-out of urban warfare, then I think you guys should also be able to handle some light-hearted mockery.



Sat, 05/05/2012 - 15:47 | 2399725 akak
akak's picture

So you speciously and completely erroneously deride every poster here as a "doomer goon" who "prays for the implosion of modern society", yet you feel the need to continue interjecting your ludicrous and broad-brushed, uniformly antagonistic, negative and personally-attacking comments here?  I believe that actually defines the concepts of "flaming" and "trolling". 
It is also utterly beneath contempt.

Piss on you and piss off, you asswipe collectivist troll.

Sat, 05/05/2012 - 15:54 | 2399739 F. Bastiat
F. Bastiat's picture

Good grief; we're not "praying" for it - we're simply observing it.

Sat, 05/05/2012 - 16:10 | 2399766 donsluck
donsluck's picture

Observing from too close a distance, I'm afraid.

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