Gold Price Quotes

• Nobody really understands gold prices and I don't pretend to understand them either.

  Ben Bernanke

  Gold

  "What's in the Vault?". www.businessinsider.com. June 11, 2014.

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• In the long run, the gold price has to go up in relation to paper money. There is no other way. To what price, that depends on the scale of the inflation - and we know that inflation will continue.

  Nicholas Deak

  Running, Long, Gold

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• We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K.

  Eddie George

  Taken, Rose, House

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• To measure prices by a currency that is called by the same names as gold, but that is really inferior in value to gold, and then - because those prices are nominally higher than gold prices - to say that they are inflated, relatively to gold, is a perfect absurdity.

  Lysander Spooner

  Names, Perfect, Gold

  Lysander Spooner (1971). “The Collected Works of Lysander Spooner: Economic writings”

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• I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are dealing with psychology, then the thermometers one uses to measure it have an effect. I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market. There's an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.

  Alan Greenspan

  Issues, Interesting, Psychology

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• To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market.

  James Grant

  Numbers, People, Gold

  "Jim Grant: America Will Resolve Her Debt By Returning To The Gold Standard" by Gus Lubin, www.businessinsider.com. April 14, 2011.

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• I don't fully understand movements in the gold price.

  Ben Bernanke

  Gold, Movement

  "Bernanke Puzzled by Gold Rally" by Jon Hilsenrath, blogs.wsj.com. June 9, 2010.

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• You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?

  Warren Buffett

  Feet, Gold, Cubes

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