A Quote by Doug Casey
There's no doubt in my mind that we'll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions will go absolutely ballistic.
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My treasure chest is filled with gold.
Gold . . . gold . . . gold . . .
Vagabond's gold and drifter's gold . . .
Worthless, priceless, dreamer's gold . . .
Gold of the sunset . . . gold of the dawn . . .Gold of the showertrees on my lawn . . .
Poet's gold and artist's gold . . .
Gold that can not be bought or sold -
Gold.
When people are collecting gold they aren't doing business. ... Gold is constipation: even bankruptcy is more fluid. Gold isn't wealth: positions in markets are wealth.
But, in truth, it had not exactly been gold, or even the promise of gold, but more like the fantasy of gold, the fairy dream that the gold is there, at the end of the rainbow, and will continue to be there forever - provided, naturally, that you don't go and look. This is known as finance.
When people become frightened, they look for things of real value. They will go to monetary metals, gold and silver, and they will buy other things, such as buying property. But no matter what we have, whether we have our gold coins or we have our property, if we have an authoritarian government, that is our greatest threat. So, I would like to think that there is no perfect protection, other than shrinking the size and scope and power of government, so that we can be left alone and take care of ourselves.
People adored Element 13's color and luster, which reminded them of the sparkle of gold and silver - a brand-new precious metal. In fact, aluminum became more precious than gold and silver in the 19th century because it was harder to obtain.
By gold all good faith has been banished; by gold our rights are abused; the law itself is influenced by gold, and soon there will be an end of every modest restraint.
Over the past decade or so, you have seen the flip side of that as you've seen stock prices have come down a lot relative to gold. Now you are getting a change where people are more comfortable holding gold because in the rear-view mirror it doesn't look so bad for gold. Bonds have not come down as much relative to gold, but I think the bond bubble is going to burst and will be falling for years too. And gold will look that much better.
When I was on tour, people would say "We don't need a value-based currency, we can go out and buy gold and silver with US dollars now." I mean that it is so utterly brain dead, because they miss the whole point: the reason we need to have a gold and silver based currency is to bring discipline to the financial system so the government can't go out and do all sorts of bad things.
The intelligent have a right over the ignorant, namely, the right of instructing them. The right punishment of one out of tune, isto make him play in tune; the fine which the good, refusing to govern, ought to pay, is, to be governed by a worse man; that his guards shall not handle gold and silver, but shall be instructed that there is gold and silver in their souls, which will make men willing to give them every thing which they need.
Place 5 percent to 10 percent of your total assets in gold bullion and selected gold and silver coins. No one knows with certainty whether the coming depression will be inflationary or deflationary.
We feel like we're the Olympic gold medallists and we have the opportunity to bring that gold home. That will be our goal and short of that we would probably be disappointed.
If you have faith in our leaders of commerce, don't buy gold. If you do not have faith in them, maybe you should buy gold or silver.
I left the jutra to chop wood. I began my walk through the snow, five kilometers to the tree line. That's when I saw it. A tiny silver of gold appeared between shades of gray on the horizon. I stared at the amber band of sunlight, smiling. The sun had returned. I closed my eyes. I felt Andrius moving close. "I'll see you," he said. "Yes, I will see you," I whispered "I will." I reached into my pocket and squeezed the stone.
Practically and commercially speaking, a dollar is not necessarily a specific thing, made of silver, or gold, or any other single metal, or substance. It is only such a quantum of market value as exists in a given piece of silver or gold.
I will keep a substantial long exposure to gold -- which serves as a Jelly Donut antidote for my portfolio. While I'd love for our leaders to adopt sensible policies that would reduce the tail risks so that I could sell our gold, one nice thing about gold is that it doesn't even have quarterly conference calls.
If you go to most pawn shops in Las Vegas, they will tell you exactly what they will pay for, say, an iPod. But if you show up with an 1833 ormolu clock, it won't pop up in their computer. They are going to tell you to go to Gold & Silver Pawn, because we buy weird things.
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