Thoughts on Gold
Kevin O’Leary
O’Leary Funds
“I like to keep 5% of my net worth in gold at all times. Secondly, never, ever own more than 20% in any one sector, so if you love gold, you just can’t get past 20% of your net worth in gold.”
James Dale
American private investor and investment writer
“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.”
source: http://fisherpreciousmetals.com/2011/02/what-not-to-do-losing-focus-on-why-you-bought/
Robert Ringer
American entrepreneur, motivational speaker, and author of several best-selling self-help books
“Start buying gold now, regardless of the price. By acting now, you will not have to react when it’s too late. Too late will be when the majority of the public finally figures out what is happening to paper money and frantically tries to get aboard. Remember, if you’re one of the ones holding paper in the end, you will have given away your products and services for nothing.”
source: http://www.goldbuzzer.com/is-it-the-right-time-to-buy-gold/
“If ever there was an area in which to do the exact opposite of that which government and the media urge you to do, that area is the purchasing of gold.”
source: http://www.ideal-fx.com/bad-badger-gold-news-30th-june-by-sam-drury/
James Rickards
author of the ‘New York Times’ bestseller ‘The Death of Money’ and a well-known expert in geopolitics and global capital
“As long as you can own gold, you can put yourself on your own gold standard by converting paper money to gold. I recommend you do that to some extent. Not all in, but I recommend having 10% of your investable assets in gold for the conservative investor, and maybe 20% for the aggressive investor. No more than that.”
Wall Street Pit: http://wallstreetpit.com/100623-your-personal-gold-standard/
“Put 10% of your money in gold and hope you never need it.”
-The Death of Money
Mark O’Byrne
executive director of Ireland-based GoldCore
Adding an asset such as gold to a portfolio that has a low or negative correlation with other assets aids in risk reduction and enhances returns in the long term. We are living in volatile financial times and investors will face challenges in the coming years…Debt crises tend to lead to currency devaluations and financial and monetary crisis. Wealthy individuals, pension funds, companies, endowments, charities, foundations, family offices, hedge funds and central banks are diversifying into gold today.”
Source: Mint.com: https://www.mint.com/expert-interview-mark-obyrne-investing-gold
Louis James
senior editor of the International Speculator, Casey Investment Alert and Conversations with Casey
“I think of gold as a fear barometer. You’ve got to ask yourself, ‘does the global market look safer now than it did a year ago? Where do I think it’s going?’ If you honestly believe…the economy is going to be great … Europe is going to get its act together and everything’s going to be fine, maybe gold’s not for you. But if you’re concerned about these things … then you have to be bullish on gold.”
source: http://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/louis-james-casey-research-pretium-dalradian-rubicon-continental-gold-price/
Rick Rule
CEO of Sprott US Holdings Inc.
“I think that gold has a place in every portfolio. I would note that at the top of gold’s popularity, physical precious metals and precious metals-related equities accounted for about 8% of investable assets in the United States and the same figure today is about .30%, against a median and a mean over the last three decades of about 1.5% or 2%…I am suggesting that gold will lose the war less badly, going from its current .30% up to its historical median and mean, and I think that that will be very good for the gold price.”
source: Sprott Money: https://www.sprottmoney.com/blog/why-rick-rule-and-eric-sprott-own-gold-and-silver-through-sprotts-physical-metals-trusts.html
Will Rhind
chief executive officer of the World Gold Council
“The market is cyclical and the demand for gold to a great extent is cyclical. We think everybody should have a percentage of gold in their portfolio, but that [percentage] changes according to market conditions.”
source: hardassetinvestor.com: http://www.hardassetsinvestor.com/interviews/7034-a-new-role-for-gold-in-a-post-qe-world.html?showall=&start=1
Alan Greenspan
former Chairman of the Federal Reserve
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
source: http://www.constitution.org/mon/greenspan_gold.htm
Michael Maloney
precious metals investment expert and historian/founder and principal, Gold & Silver, Inc.
“Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus loses its value, man always turns back to precious metals. During these times there is always an enormous wealth transfer, and it is within your power to transfer that wealth away from you or toward you.” –
Peter A. Burshre
financial commentator/ americanbullion.com
“Regardless of the dollar price involved, one ounce of gold would purchase a good-quality man’s suit at the conclusion of the Revolutionary War, the Civil War, the presidency of Franklin Roosevelt, and today.”
source: https://www.facebook.com/AmericanBullion/posts/10152518891501312
Eric Sprott
millionaire, prominent gold bug, founder Sprott Asset Management
“Investors who are dumping gold have short memories. Gold is a very wanted commodity – so wanted that India had to stop its people from buying it. Analysts like to say there is no interest in gold. There may be none in the Western world because the Western banks are the ones who promulgate this nonsense that gold is not the appropriate asset to have. We will wait to see what happens for the next few years – gold versus the stock market. The beauty of a stock market is that it can go on for a long time while being completely wrong.”
source: http://sprottgroup.com/thoughts/articles/19-tough-questions-for-eric-sprott-on-gold-and-silver/
Charles de Gaulle
President of France (1890-1970)
“There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be shaped into ingots, bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence.”
source: http://www.bullioncoinsandbars.com/article-2012-06-06-gold.htm
Antony C. Sutton
British and American economist, historian, and writer
“Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort.”
–Gold Wars
Frank Holmes
CEO and chief investment officer at U.S. Global Investors Inc.
“For years, when asked when a good or bad time to buy gold was, or how much of it to buy or sell, I have always come back to the 10% rule, which says investors should have a 10% exposure to gold in their portfolio.”
David Einhorn
Investor / Owner of the New York Mets
“Gold is the money of choice and we would like to have a meaningful amount of our assets denominated in gold. It’s the one kind of money Bernanke can’t print more of.”
Ray Dalio
Bridgewater Associates
“You need to have a piece of that portfolio that will do well with accelerated inflation so you would want a percentage in gold and commodities.”
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