The key libertarian in Warren Buffett’s life who he never listened to

http://www.theblaze.com/blog/2014/08/13/the-key-libertarian-in-warren-buffetts-life-that-he-never-listened-to/

Human Freedom Rests on Gold Redeemable Mone

Warren Buffett may ridicule gold as a worthless asset, but his father certainly believed otherwise.

http://www.fame.org/pdf/buffet3.pdf

Howard Buffett Said "Human Freedom Rests On Gold Redeemable Money", Called For Return To Gold Standard

Howard Buffett, Warren's late dad, had an entirely different perspective on gold than his more famous son.  Hence, this was a must re-blog.

http://www.zerohedge.com/article/howard-buffett-said-human-freedom-rests-gold-redeemable-money-called-return-gold-standard

Charlie Munger on communism, botox, and goldbug jerks

As fellow billionaire Warren Buffett's sidekick, when Charlie Munger speaks, people listen.

http://finance.yahoo.com/news/Charlie-Munger-on-Communism-fool-1939650256.html

On investing in gold: I don't have the slightest interest in gold. I like understanding what works and what doesn't in human systems. To me that's not optional; that's a moral obligation. If you're capable of understanding the world, you have a moral obligation to become rational. And I don't see how you become rational hoarding gold. Even if it works, you're a jerk.

I guess I'm a jerk, then.

In closing, here is a quote from Warren Buffett's dad, Howard Buffett.

But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty.

- Howard Buffett (Warren Buffett’s father and former U.S. Congressman)

I guess Mr. Munger thinks his partner's late dad was also a jerk.

Howard Buffett, Warren's dad

http://www.zerohedge.com/article/howard-buffett-said-human-freedom-rests-gold-redeemable-money-called-return-gold-standard

A must read essay by Howard Buffett, father of the "legendary" investor who initially was so very much against derivatives then promptly changed his tune, discusses fiat money and gold, and concludes that "human freedom rests on gold redeemable money." In this stunningly simple, straightforward, and flawless analysis, Buffett's father stresses the relation between money and freedom and contends that without a redeemable currency, an individual's freedom and one's access to property is dependent on goodwill of politicians. Buffett also says that paper money systems generally collapse and result in economic chaos. He goes on to observe that a gold standard would restrict government spending and give people greater power over the public purse.

"Is there a connection between Human Freedom and A Gold Redeemable Money? At first glance it would seem that money belongs to the world of economics and human freedom to the political sphere. But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty. Also, when you find that Lenin declared and demonstrated that a sure way to overturn the existing social order and bring about communism was by printing press paper money, then again you are impressed with the possibility of a relationship between a gold-backed money and human freedom." His conclusion is eerily prophetic with what is happening with US society currently: "I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it. Unless you are willing to surrender your children and your country to galloping inflation, war and slavery, then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money."