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Gold Quotes

“The ability to manage large assets well - it's like being Michael Jordan or winning the gold in the Olympics; it's what you aspire to.”

Wells Winning Ability Gold Manage Assets Olympics Aspire Jordan

Author:Louis Bacon

“A great smile is a wonderful asset, but a good heart is pure gold.”

Heart Wonderful Pure Gold Assets Good Heart

Author:Dolly Parton

“What would you call America's most priceless asset? Surely not its limitless natural resources, not its matchless national wealth, not its unequalled store of gold, not its giant factories, not its surpassing railroads, not its unprecedented volume of cheap power. Is not its most priceless asset the character of its people, their indomitable self-confidence, their transcendent vision, their sleepless initiative and, perhaps above all, their inherent, irrepressible optimism?”

“There's only one thing that all of the central banks control and that is the base, their own liability, and they can control that in various ways. They can control it directly by open market operations, buying and selling government securities or other assets, for example, buying and selling gold, or they can control it indirectly by altering the rate at which banks lend to one another.”

Way Government One Thing Security Example Gold Rate Various Selling Operations Buying Assets Liability Central Banks Buying And Selling

Author:Milton Friedman

“I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we have derivatives like credit default swaps which are in this category, and we have derivatives like volatilities that are actually an asset class that we can invest in which are now - would out perform if we have another financial crisis.”

Ifs Mean Might Realizing Class Gold Crisis Bills Financial Credit Treasure Assets Categories Bugs Default Financial Crisis Derivatives Volatility Credit Default Swap

Author:Robert F. Engle

“Place 5 percent to 10 percent of your total assets in gold bullion and selected gold and silver coins. No one knows with certainty whether the coming depression will be inflationary or deflationary.”

Knows Percent Gold Certainty Silver Assets Coins Selected Gold And Silver Gold Coins

Book:The Great Reckoning: Protecting Yourself in the Coming Depression

Source: The Great Reckoning: Protecting Yourself in the Coming Depression

“A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.”

May Mean Values Three Term Wealth Pay Gold Accounts Function Financial Stores Goods Assets Providing Currency Units Payment Groceries Goods And Services

Author:Nouriel Roubini

“Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort.”

Has Beens Reason Lasts Gold Instinct Assets Flood Resorts Herds Precaution Deluge

Book:The War on Gold

Source: The War on Gold

“The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.”

Ifs Stills Two Ends Use Purpose Values Huge Demand Paper Majors Gold Eternity Productions Significant Assets Categories Investors Fearful Incapable Utility Shortcomings Soaking Paper Money

Author:Warren Buffett

“There are five main purposes of central bank cooperation"..."the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful.”

Might Purpose Effort Five Influence Circumstances Gold International Credit Assets Cooperation Joints Provision Central Banks Joint Efforts Foreign Exchange

Author:William Smith White

“When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.”

Moments Interest Conditions Lows Gold Ultimate Rate Investing Developing Assets Bubbles Interest Rate

Author:George Soros