Top 26 Quotes About Gold: Wisdom That Stands the Test of Time
The allure of gold is as old as civilization itself. Coveted for its rarity and luster, gold is not only a precious metal but also an idea—a standard bearer for wealth, stability, and endurance. Throughout history, the most influential voices have extolled the virtues of gold, and their words echo through the ages as testaments to its value. In this comprehensive dive, we’ll explore 26 of the most compelling quotes about gold, each offering unique insights into the role that gold plays in our lives, our economies, and our perception of value.
1. Robert Ringer
“If ever there was an area in which to do the exact opposite of that which government and the media urge you to do, that area is the purchasing of gold.”
This quote is a clarion call to the individual’s right to counter conventional wisdom. Gold is often seen as a hedge against inflation and fluctuations in currency value. Ringer’s advice is to think independently and consider the long-term security offered by gold investments. In a world where digital monies and complex financial instruments are on the rise, Ringer’s words resonate strongly, indicating gold’s enduring appeal as a straightforward form of investment.
2. Mark Skousen
“Bitcoin is not an actual physical coin, and if computers are shut down, you can’t buy or sell them. That’s why nothing will ever replace gold and silver coins themselves, and all investors should have them at home or in a safe deposit box.”
In the ongoing debate over the worth of digital currency, Skousen takes a pragmatic stance. His quote highlights the intrinsic value of gold, which can be held and traded without the need for a bank account or a functioning digital system. It’s a reminder that, despite technological advancements, physical commodities like gold are as indispensable as ever in a diversified investment portfolio.
3. Robert Kiyosaki
“Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else’s religion, but he’ll accept his gold.”
Kiyosaki emphasizes the universality of gold as a currency. Gold doesn’t discriminate—it’s universally recognized and valued, making it a commodity that can bridge cultural and political divides. This robust market and global acceptance underpin the resilience of gold as an investment that transcends local economic conditions and influences.
4. Roy Sebag
“Gold is valuable everywhere in the world and is not dependent on political systems, any specific government policy, or set of policies.”
Sebag’s comment delves deep into the philosophical basis of gold’s value. It’s one of the few assets that hold intrinsic value across geographic and national boundaries, not tied to the stability (or lack thereof) of individual governments. In troubled economic times, where currency values can swing dramatically, this independence is foundational to gold’s role as a universally recognized asset.
5. Peter Schiff
“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.”
Schiff’s words lay bare a fundamental contrast between paper currency and gold. He argues that gold’s inherent value will always be tied to commodities like food, where currencies’ worth can be eroded by inflation. This opinion reflects a long-held perception that gold provides a more stable measure of wealth.
6. Thomas Kaplan
“If the world does well, gold will be fine. If the world doesn’t do well, gold will also do fine…but a lot of other things could collapse.”
Kaplan’s succinct statement encapsulates the role of gold as a last resort in times of crisis. By emphasizing gold’s stability, he highlights its resilience as an asset. This is especially important when markets falter, currencies devalue, and investor confidence wavers—instances where gold often emerges as a safe haven for preserving wealth.
7. Paul Singer
“If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange.”
Singer’s perspective encourages looking beyond official government currencies as a measure of wealth and value. He points to gold’s millennia-long track record, implying a remarkable durability that few other assets can boast. In doing so, he suggests that gold is more than a mere investment—it is a statement of independence and self-reliance.
8. Elgin Groseclose
“Until government administrators can so identify the interests of government with those of the people and refrain from defrauding the masses through the device of currency depreciation for the sake of remaining in office, the wiser ones will prefer to keep as much of their wealth in the most stable and marketable forms possible—forms which only the precious metals provide.”
Groseclose’s quote speaks to the dual role of gold as an investment and as a check on governmental power. It implies that gold represents a bulwark against irresponsible financial practices, advocating for private citizens to manage their wealth in ways that are less subject to the influence of inflation and monetary policy.
9. Kenneth J. Gerbino
“If you don’t trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000 – $5,000, cutting it up, turning it into pulp and then paper, putting some ink on it, and then calling it one billion dollars?”
Gerbino’s comment elicits the absurdity of trust in the value of paper currency. By juxtaposing the labor and worth of a natural resource against the relatively arbitrary nature of fiat currency, he underscores the dependability and intrinsic nature of gold’s value, provoking the reader to rethink their assumptions regarding monetary worth.
10. Antony C. Sutton
“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.”
Sutton’s language is vivid and powerful, suggesting that history is rife with instances where the majority’s investment decisions have led to ruin, but gold—held by the discerning few—has consistently provided the safety net that imparts security in the face of uncertainty and upheaval.
11. David Ricardo
“Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary but is dependent on their scarcity, the quantity of labor bestowed in procuring them, and the value of the capital employed in the mines which produce them.”
Ricardo, one of the great economists of the 19th century, provides a foundational understanding of value, tying it to labor and scarcity. His quote argues that gold is not mere whimsy or clever marketing; its value is rooted in economic principles that extend to the production and scarcity of any valuable asset.
12. Alan Greendiv
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.”
This quote from Green is a prescient warning against the potential eroding effects of inflation on traditional savings. It advocates for the stability and long-term value proposition that a gold standard can provide—a sentiment that continues to be a matter of economic debate and preference even in modern times.
13. Ben Bernanke
A gold standard doesn’t imply stability in the prices of the goods and services that people buy every day; it implies stability in the price of gold itself.”
In direct opposition to traditional views supporting the gold standard, Bernanke offers a contrarian interpretation. While acknowledging the stability of the gold price, he challenges the notion that such stability translates to a broader, beneficial influence on economic stability.
14. J. P. Morgan
“Gold is money. Everything else is credit.”
This simple but profound assertion by the legendary financier J.P. Morgan underscores the unique position of gold. It is a physical manifestation of wealth, in contrast to paper currency’s reliance on the credit of a government or institution. As such, gold represents the purest form of financial security—a standard by which all other assets are judged.
15. Hans F. Sennholz
“For more than two thousand years, gold’s natural qualities made it man’s universal medium of exchange. In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper.”
Sennholz extols the historical legacy of gold as a universal currency and hints at its potential to outlive the vagaries of contemporary monetary policy. The ‘honesty’ he refers to lies in the fixed supply and consistent value of gold, making it a more dependable measure of wealth than currencies subject to manipulation.
16. Alan Greenspan
“Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
Greenspan’s depiction of gold as a guardian of property rights is a testament to its role in the broader context of macroeconomic policy. Gold’s resistance to the corrosive force of deficit spending is seen as a means to protect individuals’ wealth from the possible abuses of unchecked government power.
17. Hans F. Sennholz
“No other commodity enjoys as much universal acceptability and marketability as gold.”
Sennholz underscores the unparalleled acceptance and marketability of gold, reinforcing its status as a global currency and safe-haven asset. This quote sheds light on why, even in the modern era, gold remains a crucial part of international trade, central bank reserves, and personal investment strategies.
18. Friedrich A. Hayek
“With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.”
Hayek’s quote is a stark reminder of the historical tendency for governments to exploit their control over currency. By invoking the gold standard as an exception that limited such abuse, he implies that gold offers a potential restraint on government overreach.
19. Hans F. Sennholz
“The gold standard sooner or later will return with the force and inevitability of natural law, for it is the money of freedom and honesty.”
Sennholz’s belief in the eventual resurgence of the gold standard is rooted in its perceived alignment with principles of liberty and honesty. This notion contrasts the statutory decrees of fiat currency with the enduring, self-regulating qualities of a gold-backed monetary system.
20. Michael Belkin
“Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket.”
Belkin’s quote captures the sentiment that gold is the ultimate refuge in times of economic distress. When markets falter, gold often surges, as investors seek a tangible and reliable asset. Gold’s ascent during periods of uncertainty is underscored here as a natural response to financial instability.
21. Ludwig von Mises
“The gold standard makes the money’s purchasing power independent of the changing ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.”
Mises extols the gold standard as a means of preserving the value of money from the whims of politics. He views this attribute not as a limitation but as the standard’s core strength, one that promotes economic stability and secures the confidence of the public in their currency.
22. Mr. T
“Gold was a gift to Jesus. If it’s good enough for Jesus, it’s good enough for me!”
Mr. T’s lighthearted yet poignant remark links the universality of gold as a measure of wealth to a deeply personal and powerful archetype. This reference to the biblical gift of gold to Jesus suggests that if gold is worthy of such a venerated figure, it merits serious consideration in our modern financial dealings.
23. Kevin O’Leary
“I like gold because it is a stabilizer; it is an insurance policy.”
O’Leary views gold not only as an investment but as a hedge against volatility—a stabilizing force in uncertain financial environments. In this sense, gold serves as a metaphorical insurance policy, offering protection and peace of mind to those who hold it in their wealth preservation strategy.
24. Evel Knievel
“The finest compliment you can pay a man is that his word was as good as gold.”
Knievel’s quote illustrates the symbolic and aspirational value of gold. Here, he uses it to denote the highest form of trust and integrity, aligning a person’s word with the unwavering reputation of gold—a comparison that not only serves as a compliment to one’s trustworthiness but also reflects the high status of gold as a currency and commodity.
25. Michael Johnson
“They don’t give you gold medals for beating somebody. They give you gold medals for beating everybody.”
A poignant association between gold and achievement, Johnson’s quote highlights the exceptional nature of gold. It’s not merely a reward for victory but a symbol of triumph over all competitors. This resonant connection between gold and unprecedented success underscores the metal’s innate association with excellence and distinction.
26. James Blakeley
“Gold is forever. It is beautiful, useful, and never wears out. Small wonder that gold has been prized over all else, in all ages, as a store of value that will survive the travails of life and the ravages of time.”
Blakeley’s eloquent and comprehensive view of gold encapsulates the admiration for this noble metal across millennia. He lauds gold’s durability and utility, underpinning its time-honored role as a bulwark against life’s trials. Indeed, gold’s permanence and practicality render it not only a timeless marker of wealth and status but also an enduring fabric of human heritage.
Gold, it seems, stands as a unique and steadfast presence in our ever-shifting economic and social landscapes. As technological advancements continue to shape the way we transact, invest, and value assets, these quotes serve as a timely reminder of gold’s unyielding significance—the bedrock beneath the edifice of global finance. Whether or not one chooses to invest in gold, the wisdom shared by these thought leaders is testament to its irrefutable place in our history, our present, and very likely our future.