Charlie Munger just said on Birkshire Annual Meeting:
"Civilized people do not buy gold.".
http://www.foxnews.com/us/2012/05/06/buffett-crony-civilized-people-dont-buy-gold/
Warren Buffett Warns Against Gold Bubble
http://www.benzinga.com/markets/bonds/12/02/2375506/warren-buffett-warns-against-gold-bubble