Wealth Storage Quotes

The ultimate asset bubble is gold.

When people bury treasure nowadays they do it in the Post-Office bank.

I live a good life but a pretty simply life. I just store all my money under my mattress. My wife and I travel, and I bought my dream car, the Cobra.

Fifty years ago wealth was stored and transmitted physically through gold bars, stock certificates, bank notes, and coins.

Gold has worked down from Alexander's time... When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory.

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.

Hoarding money is not like hoarding grain or food supplies. Moses' advice to the Pharaoh was the right advice for the dark years of Egypt. The Pharaoh had to store up in the seven good years to tide one over for the seven bad years. Egypt needed huge stocks of grain and staples to help its people pull through a severe drought. The ultimate reserve fund for a king is a healthy, vibrant and skilled population

The powershift began already several years ago, under the Bush administration, when the dollar became very volatile and started declining. That is when China shifted from having almost 100 percent of its reserves in dollars to 75 percent. Some countries went completely out of the dollar. The dollar, for all intents and purposes, lost its special reserve status and people starting talking about a portfolio, or basket, approach as a store of wealth instead of the dollar.