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Gold Quotes

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Gold Quotes

“The Golden Straitjacket is the defining political-economic garment of globalization. [...] The tighter you wear it, the more gold it produces.”

Political Economic Produce Gold Golden Globalization Defining Garments

Author:Thomas Friedman

“In all the thrashing about that results from our dwindling gold reserves, it's about time that this country and other countries get some perspective on the situation. The day this country is out of the stuff, that day gold becomes what it's worth as a metal and no longer will have much significance as a monetary measurement. It isn't the gold we have that makes this nation rich. It's what we make, our knowhow, our productivity. So long as this country produces more and better, the world will continue to want what we make.”

World Want Long Country Nations Stuff Wealth Results Situation Rich Produce Perspective Gold Productivity Significance Metals Other Countries Reserves Measurement Monetary

Author:Malcolm Forbes

“You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?”

States Bigs Values United United States Feet Produce Walking Gold Currents Plus Metals Cubes Farmland Gold Price

Author:Warren Buffett

“Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it.”

Source: Ayn Rand Novel Collection

“If there were as great a scarcity of soil as of jewels or precious metals, there would not be a prince who would not spend a bushel of diamonds and rubies and a cartload of gold just to have enough earth to plant a jasmine in a little pot, or to sow an orange seed and watch it sprout, grow, and produce its handsome leaves, its fragrant flowers, and fine fruit.”

Source: Thus Spoke Galileo: The Great Scientist's Ideas and Their Relevance to the Present Day

“A thousand pieces of gold may hardly bring a moment's happiness, but a small favor can cause a lifetime's gratitude. Too much love can turn to enmity, while aloofness can produce joy.”

May Moments Joy Turns Causes Too Much Pieces Produce Gratitude Thousand Gold Lifetime Favors Taoism Enmity Much Love Aloofness

Author:Zicheng Hong

“Donald Trump is sort of an Orwellian figure, an authoritarian figure who is twisting words in an Orwellian manner, "1984," to exercise power and control people's minds, or is he a 5-year-old who has an ego that needs to be fed, and the universe has to warp around his ego needs so he can feel good about himself, and everybody has to produce photos to make the monarch feel like he's made of gold.”

People Needs Feels Years Mind Made Universe Figures Produce Trump Exercise Ego Gold Feel Good Feds Monarchs Warp Power And Control Orwellian

Author:David Brooks

“Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.”

Values Produce Mines Gold Finance Dependent Labour Silver Quantity Commodity Employed Arbitrary Scarcity Intrinsic Value Gold And Silver

Book:The Works of David Ricardo ...

Source: The Works of David Ricardo ...

“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 is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper.”

Long Real Values Sea Modern Produce Paper Resources Gold Rational Ink Printing Crude Unstable Paper Money Real Gold

Author:William E. Rees

“Each family prayer, each episode of family scripture study, and each family home evening is a brushstroke on the canvas of our souls. No one event may appear to be very impressive or memorable. But just as the yellow and gold and brown strokes of paint complement each other and produce an impressive masterpiece, so our consistency in doing seemingly small things can lead to significant spiritual results.”

“Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it.”

Doe Values Wealth Produce Paper Gun Gold Expected Objectives Mortgage

Book:For the New Intellectual: The Philosophy of Ayn Rand (50th Anniversary Edition)

Source: For the New Intellectual: The Philosophy of Ayn Rand (50th Anniversary Edition)

“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

“Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services.”

Government Today Values Wish Term Numbers Technology Produce Cost Gold Presses Dollars Goods Threatening Printing Circulation Printing Press Goods And Services

Author:Ben Bernanke