gold quotations

“Whatever the speed of hyperinflation, ordinary Americans will have few available options to protect themselves—during crises, peoples’ first instinct is to resort to more “stable” fiat currencies of neighboring countries, like the Canadian Dollar and the Mexican Peso, but their availability will prove limited and complicated as people will most likely have to cope with governmentally-imposed capital controls. Next, people instinctively convert hyperinflating currencies to hard assets like land and real estate, but sellers refuse to accept the hyperinflating currency and quickly disappear from the market. Having run out of meaningful options to protect themselves, ordinary people will have little choice, but to convert their dollars to hard currencies like gold and silver, thus driving their prices much higher. On the other hand, central banks have no other options but gold. First, in times of crises, central banks fear the risk inherent in all fiat currencies. Moreover, not even the largest fiat currencies will accommodate their need to convert their reserves. Also, it is not practical for central banks to hold real estate and land. Thus, central banks will have no alternative, but to scramble to convert their reserves to the only hard currency known to man—gold. Historically, in times of crises, gold has always been the ultimate safe haven. When people and central banks flee en masse to gold, its value has always skyrocketed. This time, it will be no different.” Krassimir Petrov

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“Since 1980 the consumer price index has averaged a 3.8% increase per year. This rate of increase applied to the ‘fair value’ 1980 gold price of $280 over 25 years would suggest that in 2005, the relative economic value of gold should currently be $733 an ounce.” Ken Gerbino

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“No wonder governments don’t like gold. No wonder the central banks despise and fear gold. They fear gold because when gold rises, it’s telling the world that their governments are debasing the currency.” Richard Russell ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

“I find it simply fascinating how little is currently being written about the big bull market in gold. Where anything is written, it's almost a warning that "gold is volatile," that "speculators are driving gold up," or that "the gold shorts are simply being squeezed." Never a word about the Fed creating new inflationary oceans of liquidity, never a word about the dollar losing its purchasing power, never a word about real money rising against all other asset classes. Silence reigns regarding what could be the most significant bull markets in recent history.” Richard Russell +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

“Gold is to monetary policy what the North Star is to determining location.” Steve Forbes +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

“With the risk of systemic default, gold’s greatest drawback becomes its greatest advantage; it cannot default.” Steven Lachance ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

“I think we’ll have another bull-market in Gold, but this time it is going to the moon!” Ferdinand Lips 2000

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“America’s credit inflation since 2000 is the worst in history, as measured by credit growth relative to GDP growth. In essence, the Greenspan Fed replaced the prior bad equity bubble with a much bigger and much worse housing bubble.” Kurt Richebacher ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

“The major monetary metal in history is silver, not gold.” Milton Friedman ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

“Inflation is always a monetary phenomenon, and the monetary phenomenon of the current era is one in which central banks around the world are increasing their money supplies. The rising price of gold is obviously reflecting this inflationary phenomenon.” Richard Russell ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Even though we are extremely bullish for the price of gold at the moment, we favorize silver, because we think that not only because of the many fundamentally different reasons silver will appreciate much more than gold in the long-haul, but that seen from a short-term perspective, this long-term appreciation potential is now becoming reality.” Stephan Bogner ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Gold Quotes

Gold Quotes