A Quote by Jeremy Grantham

I hate gold. It does not pay a dividend, it has no value, and you can't work out what it should or shouldn't be worth," he said. "It is the last refuge of the desperate.

Jeremy Grantham

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Desperate Does Gold Hate I Hate Last Out Pay Refuge Said Should Value Work Work Out Worth

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Jeremy Grantham
British - Businessman

Gold begets in brethren hate; Gold in families debate; Gold does friendship separate; Gold does civil wars create.

Abraham Cowley

For anything worth having one must pay the price; and the price is always work, patience, love, self-sacrifice - no paper currency, no promises to pay, but the gold of real service.

John Burroughs

Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value; and, when they are going down, he is desperate to dump them for less than their true worth.

Benjamin Graham

A man who sets out to justify his existence and his activities has to distinguish two different questions. The first is whether the work which he does is worth doing; and the second is why he does it (whatever its value may be).

G. H. Hardy

I rarely think the market is right. I believe non dividend stocks aren't much more than baseball cards. They are worth what you can convince someone to pay for it.

Mark Cuban

Back in 1960, the paper dollar and the silver dollar both were the same value. They circulated next to each other. Today? The paper dollar has lost 95% of its value, while the silver dollar is worth $34, and produced a 2-3 times rise in real value. Since we left the gold standard in 1971, both gold and silver have become superior inflation hedges.

Mark Skousen

Everyone asks about gold. This is the irony: just as Jim Grant tells us (correctly) that we all have faith-based paper currencies backed by nothing, it is equally fair to say that gold is a faith-based metal. It pays no dividend, cannot be eaten, and is mostly used for nothing more useful than jewelry. I would say that anything of which 75% sits idly and expensively in bank vaults is, as a measure of value, only one step up from the Polynesian islands that attached value to certain well-known large rocks that were traded.

Jeremy Grantham

This wife you have, Bird said at last, deeply contemplative, did you pay a great deal for her? She cost me almost everything I had, he said, with a wry tone that made the others laugh. But worth it.

Diana Gabaldon

Voting is the next-to-last refuge of the politically impotent. The last refuge, of course, is giving your opinion to a pollster.

Neil Postman

Why do they make things so complicated?" "So that those who have the responsibility for understanding can understand.," he said. "Imagine if everyone went around transforming lead into gold. Gold would lose its value." "It's those who are persistent, and willing to study things deeply, who achieve the Master Work.

Paulo Coelho

We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced ... we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.

Adolf Hitler

Whether or not patriotism is the last refuge of the scoundrel, national security can be the last refuge of the tyrant.

Robert Walker, Baron Walker of Gestingthorpe

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.

Don Blanding

But what's worth more than gold?" "Practically everything. You, for example. Gold is heavy. Your weight in gold is not very much gold at all. Aren't you worth more than that?

Terry Pratchett

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.

Peter Schiff

Gold actually has properties - you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.

Peter Schiff

A Quote by Jeremy Grantham

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