Wealth Preservation Quotes

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... … Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

I'd say it's that most people think that very wealthy people take huge risks and that's why they have huge rewards. But the very best on earth are completely obsessed with not losing money. That sounds overly simplistic, but they know that if you lost 50 percent, it takes 100 percent to get even. Most people don't make that math in their head, so it takes years and years. They are obsessed with not losing money.

Gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, but I think civilized people don't buy gold, they invest in productive businesses.

There are two times in a man's life when he should not speculate [on the Stock Market]: when he can't afford it, and when he can.

The way to become rich is to put all your eggs in one basket and then watch that basket.

Gold is money. Everything else is credit.

We suffer more … when we fall from a better to a worse situation, than we ever enjoy when we rise from a worse to a better. Security, therefore, is the first and the principal object of prudence.

Making a million legally has always been difficult. Making a million illegally has always been a little easier. Keeping a million when you have made it is perhaps the most difficult of all.

Millionaires are risk-takers, and they don't become millionaires until they're 40 or 50. It's a slower process than a lot of people think.

Any man who has $10,000 left when he dies is a failure.

When I started going to business school, I started getting calls from my peers asking for my help. I thought, 'Well, there are a lot of people like me who make a bunch of money and just get so scared of it and don't know what to do with it.' I just didn't want to be 60 years old and broke.

It is not how much you make that counts, but how much money you keep.

Put not your trust in money, but put your money in trust.

A worker's capital is inexhaustible, incapable of being stolen, and bound to pay him a generous dividend all the time.

I have the money and they won't get their hands on it.

That cotton trade was almost the deal breaker for me. It was at that point that I said, “Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?

Earning a lot of money is not the key to prosperity. How you handle it is.

I'm just raising money. Dead presidents are my relatives.

My firm has 25,000 high-net-worth clients. A typical account would be that of a couple aged 65 and 60 who need their money to last the rest of their lives, 25 to 35 years.

Wall Street makes its money on activity. You make your money on inactivity.

I have never had the need or thrill for being wealthy.

The wealth of the country, its capital, its credit, must be saved from the predatory poor as well as the predatory rich, but above all from the predatory politician.

When money was plentiful, I was the first one who told you to stack it. Live your life with it. Now that money slowed up, I'ma be the one telling you to save it like they ain't gon' make it no more.

There is a time to make money and a time to not lose money.

It is better to live rich than to die rich.