A Quote by Charlie Munger

Alternatives to gold and currency and to make a big speculative vehicle - I never considered for one second having anything to do with it. I detested it the minute it had been raised.

Charlie Munger

Quote Topics

Alternatives Anything Been Big Considered Currency Gold Had Having Make Minute Never Raised Second Speculative Vehicle

Quote Author

Charlie Munger
American - Businessman
Born: January 1, 1924

In 1971, the U.S. 'closed the gold window,' starting an era of global fiat money reference-pricing that has been unprecedented in history. Never before had the world operated on the basis of no country anywhere having a currency tied to something with intrinsic value like gold.

Max Keiser

We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced ... we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.

Adolf Hitler

I loved every minute of my time at Microsoft, but I had always envisioned having another phase of life just because I thought that would be interesting. It had never been my plan to work until I literally didn't want to do anything and then hang it up.

Steve Ballmer

Opting for gold shoes could have been considered downright cocky, but I was confident and never doubted my ability to deliver gold medals to match my shimmering footwear.

Michael Johnson

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

Alan Greenspan

I don't think we can say that all working women will get divorced - it's so dangerous to make these things emblematic of anything - but having said that, every person who has a big, important job and tries to have a family, has to make decisions every single minute.

Meryl Streep

Gold is no longer an investment. Gold is no longer a portfolio item. Gold is certainly not a trading vehicle. Gold is your lifeline and I mean that literally.

Jim Sinclair

All issues - purchasing and selling of currency - are related to the regulation of the national currency market. However, it is still difficult to say what will be the reaction of the Central Bank and if it would lead to increasing the gold and foreign currency reserves.

Vladimir Putin

For anything worth having one must pay the price; and the price is always work, patience, love, self-sacrifice - no paper currency, no promises to pay, but the gold of real service.

John Burroughs

We said, there's another second gone, there's another minute and another hour and another day, when, as a matter of fact the second or the minute or the hour was never gone. It was the same one all the time. It had just moved along and we had moved with it.

Clifford D. Simak

The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes. There should be no doubt in anyone's mind that we're now having another one of those speculative episodes.

John Kenneth Galbraith

People need to stand up hold hands, talk about alternatives. Alternatives, alternatives, alternatives. And people united will never, ever be defeated.

Lois Gibbs

The best memorizers in the world - who almost all hail from Europe - can memorize a pack of cards in less than a minute. A few have begun to approach the 30-second mark, considered the 'four-minute mile of memory.'

Joshua Foer

The Federal Reserve Act as it stands seems to me to open the way to a vast inflation of the currency. I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.

Henry Cabot Lodge

My treasure chest is filled with gold. Gold . . . gold . . . gold . . . Vagabond's gold and drifter's gold . . . Worthless, priceless, dreamer's gold . . . Gold of the sunset . . . gold of the dawn . . .Gold of the showertrees on my lawn . . . Poet's gold and artist's gold . . . Gold that can not be bought or sold - Gold.