from Silver Doctors:
Charlie Munger recently came out swinging against Bitcoin, but if you understand what he just said, he was actually praising gold…
Billionaire Vice Chairman of Berkshire Hathaway has come out swinging against Bitcoin.
Here’s some of what he said about Bitcoin and the people who speculate with it, via Fox Business:
Munger told FOX Business’ Liz Claman on Monday that bitcoin was “rat poison” five years ago when the digital currency was trading just above $100 and now refers to it as “more expensive rat poison.”
“I like it when my country steps hard on idiot booms instead of fanning the flame,” Munger said during an interview on “Countdown to the Closing Bell.” “If there’s ever anything that needed stepping down on hard, it’s bitcoin.”
Munger said investors who are bullish on cryptocurrency are fueling economic consequences that harm the U.S.
“To me, it’s just dementia,”Munger said Saturday during Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska. “It’s like somebody else is trading turds, and you decide you can’t be left out.”
Munger was also interviewed on CNBC on Monday, and again he talked about Bitcoin, but his time in light of gold:
And that is really a telling statement if you think about it.
The MSM must never allow anything positive to be said about gold, but they just let this little nugget slip by their filters.
Probably because “worthless” and “artificial” and immediately preceded the word “gold”, and, as such, the title and posting got auto-approved as an anti-gold hit piece.
But let it sink in for a moment: