Home / Topics / Gold Quotes

Gold Quotes

Browse 2794 quotes about Gold.

Gold Quotes

“Never in history was there a method devised of such efficacy for setting each country's advantage at variance with its neighbours' as the international gold (or, formerly, silver) standard.”

Country Standards Advantage Gold Method Investing International Setting Settings Silver Neighbour Efficacy Variance

Book:The collected writings of John Maynard Keynes

Source: The collected writings of John Maynard Keynes

“Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.”

Source: On the Manipulation of Money and Credit

“In truth, the gold standard is already a barbarous relic. All of us, from the Governor of the Bank of England downwards, are now primarily interested in preserving the stability of business, prices, and employment, and are not likely, when the choice is forced on us, deliberately to sacrifice these to outworn dogma, which had its value once, of 3 pounds, 17 shill ings, 10 1/2 pence per ounce. Advocates of the ancient standard do not observe how remote it now is from the spirit and the requirements of the age. A regulated nonmetallic standard has slipped in unnoticed. It exists.”

Source: The Collected Writings of John Maynard Keynes: Essays in persuasion

“It was probably a mistake to allow gold to rise so high.”

Mistake Gold Investing

Author:Paul Volcker

“Modern society, which, soon after its birth, pulled Plutus by the hair of his head from the bowels of the earth, greets gold as its Holy Grail, as the glittering incarnation of the very principle of its own life.”

Earth Principles Modern Hair Birth Holy Gold Investing Incarnation Modern Society Holy Grail Bowels

Book:Capital: A Critique of Political Economy - The Process of Capitalist Production

Source: Capital: A Critique of Political Economy - The Process of Capitalist Production

“The U. S. is headed toward a period of business depression... beginning within the next two years, which may exceed that which preceded the War. ... The only thing that will save us is a new gold policy or the discovery of a new process or additional gold fields. If the fall [of gold production] is not prevented by design or accident we shall throttle business, wringing out all profits and experiencing all the evils of deflation.”

Ifs Years May Two War Fall Evil Next Process Policy Design Fields Periods Discovery Gold Investing Profit Productions Accidents Two Years Exceed Throttle Deflation New Processes

Author:Irving Fisher

“Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.”

People Ifs Way Years Long Has Beens Two Loses Produce Gold Investing Making Money Two Years Good Way

Author:Warren Buffett

“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

People Would Be Pay Gold Investing Holes Mars Utility Guarding

Author:Warren Buffett

“I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to last forever.”

May Mean Lasts Forever Higher Safe Gold Ultimate Investing Bubbles

Author:George Soros

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

Opportunity Rain Gold Investing Buckets Buffets

Author:Warren Buffett

“The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you....it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.”

Years Two Different Problem Games Pay Produce Months Six Gold Investing Income Two Years Commodity Six Months Lumps Betting

Author:Warren Buffett

“What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth - for a while.”

Past Belief Grows Party Gold Investment Investing Decades Enthusiasm Rising Buying Investors Fearful Thesis Bandwagon Purchasers Rising Prices

Author:Warren Buffett

“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