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Quote by Paul Volcker

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Paul Volcker
Paul Volcker

Paul Volcker, born on September 5, 1927, is an accomplished economist from the United States. He is renowned for his significant contributions to the field of financial policy. During his tenure as the Chairman of the Federal Reserve System in the 1970s, he successfully combated inflation, earning him the title of one of the most influential central bankers in American history. more

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“Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.”