Berkshire’s Charlie Munger: ‘Gold is for 1930′s Jews, Civilized People Don’t Buy Gold’

Listen at the 08:30 - 09:30 mark for Uncle Charlie's thoughts on Gold. I can only imagine what the old bugger thinks about heavy cumbersome silver bullion, no doubt only good for aluminum foil hat wearing conspiracy types. No doubt Charlie is in the elitist camp that espouses that Gold and Silver are not money (might even try to make you think they never were) and they can't be valued as they don't pay a dividend or a coupon. But if that is correct how does Berkshire's class A shares get a valuation of $121,950 !! per fricken share if, to quote from Berkshire's 2011 annual report, "Berkshire has not declared a cash dividend since 1967" ?