Reference Quote

Shuffle
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.

Similar Quotes

Quote search results. More quotes will automatically load as you scroll down, or you can use the load more buttons.

To have gold brings fear; to have none brings grief.

Over the years, gold has been considered the ultimate safe haven for many people, a staple of their Security Bucket, and conventional wisdom said it would only go up in value during uncertain times.

In times of badness, gold is being worth more than beauty.

Consider — to give up a heathen is to lose nothing for your ancestors, whereas with the gold you get in exchange you can ornament the shrines of their holy spirits. And surely, were gold evil in itself, if such a thing could be, the evil would depart of necessity once the metal were put to such pious use.

But still less should the gold of rich men lazily sleep its heavy sleep in the urns and gloom of treasuries. This so weighty metal, when it becomes the associate of a fancy, assumes the most active virtues of the mind. It has her restless nature. Its essence is to vanish. It changes into all things, without being itself changed. It raises blocks of stone, pierces mountains, diverts rivers, opens the gates of fortresses and the most secret hearts; it enchains men; it dresses, it undresses women with an almost miraculous promptitude. It is truly the most abstract agent that exists, next to thought. But thought exchanges and envelops images only, whereas gold incites and promotes the transmutations of all real things into one another; itself remaining incorruptible, and passing untainted through all hands.

Share Your Favorite Quotes

Know a quote that's missing? Help grow our collection.

There is something about gold that has an effect on human judgment similar to that of heroin or cocaine.

Go Premium

Support Quotewise while enjoying an ad-free experience and premium features.

View Plans
It isn't the gold that changes man, it is the power which gold gives to man that changes the soul of man. This power, though, is only imaginary. If not recognized by other men, it does not exist.

Gold is now money with reference to all other commodities only because it was previously, with reference to them, a simple commodity.

Buying gold is just buying a put against the idiocy of the political cycle. It's that simple.

Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus into gold for prestige purposes (as in India) or into coinage and money to promote capitalism (as in Western Europe).

Loading more quotes...

Loading...