Gold Investment Quotes

We've searched our database for all the quotes and captions related to Gold Investment. Here they are! All 100 of them:

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble
Warren Buffett
Silence is golden, and gold is up these days, so silence is a solid investment.
Jarod Kintz (This Book is Not for Sale)
Jesus taught several great lessons on wise investing, including The Parable of The Bags of Gold, The Parable of the Tenants and the Parable of The Sower.
Hendrith Vanlon Smith Jr.
Love is not a businessman who wants to see a return on his investments. And imagination needs only a few nails on which to hang its veil. Whether they are of gold, tin, or covered with rust makes no difference to it. Wherever it gets caught, it is caught. Thornbush or rosebush, as soon as the veil of moonlight and mother-of-pearl has fallen on it, either becomes a fairy tale out of A Thousand and One Nights
Erich Maria Remarque (Arch of Triumph: A Novel of a Man Without a Country)
Humanity came out of hell, Darrow. Gold did not rise out of chance. We rose out of necessity. Out of chaos, born from a species that devoured its planet instead of investing in the future. Pleasure over all, damn the consequences. The brightest minds enslaved to an economy that demanded toys instead of space exploration or technologies that could revolutionize our race. They created robots, neutering the work ethic of mankind, creating generations of entitled locusts. Countries hoarded their resources, suspicious of one another. There grew to be twenty different factions with nuclear weapons. Twenty—each ruled by greed or zealotry. “So when we conquered mankind, it wasn’t for greed. It wasn’t for glory. It was to save our race. It was to still the chaos, to create order, to sharpen mankind to one purpose—ensuring our future. The Colors are the spine of that aim. Allow the hierarchies to shift and the order begins to crumble. Mankind will not aspire to be great. Men will aspire to be great.
Pierce Brown (Golden Son (Red Rising Saga, #2))
Here’s the dirty little secret: Fiat currency is designed to lose value. Its very purpose is to confiscate your wealth and transfer it to the government. Each time the government prints a new dollar and spends it, the government gets the full purchasing power of that dollar.
Michael Maloney (Guide To Investing in Gold & Silver: Protect Your Financial Future)
THE FIVE LAWS OF GOLD I. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earngs to create an estate for his future and that of his family. II. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. III. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling. IV. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep. V. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
George S. Clason (The Richest Man in Babylon)
Please allow me to offer a simple financial plan. Invest in chocolate. Buy bars. Lots of bars. If we do enter anything approximating a real financial depression, you will not be able to improve your mood with gold.
Anita Renfroe (Don't Say I Didn't Warn You: Kids, Carbs, and the Coming Hormonal Apocalypse)
In the end it was currency debasement and pure deficit spending to fund the military, public works, social programs, and war that brought down the Roman Empire.
Michael Maloney (Guide To Investing in Gold & Silver: Protect Your Financial Future)
Columbus, desperate to pay back dividends to those who had invested, had to make good his promise to fill the ships with gold. In the province of Cicao on Haiti, where he and his men imagined huge gold fields to exist, they ordered all persons fourteen years or older to collect a certain quantity of gold every three months. When they brought it, they were given copper tokens to hang around their necks. Indians found without a copper token had their hands cut off and bled to death. The Indians had been given an impossible task. The only gold around was bits of dust garnered from the streams. So they fled, were hunted down with dogs, and were killed.
Howard Zinn (A People's History of the United States: 1492 to Present)
gold is valuable as a currency or investment because we believe it is valuable (which is the same reason for valuing money itself). Gold’s value as currency is an abstract social construct.
Paul Vigna (The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order)
Try not to breathe,” I tell Lira. “It might get stuck halfway out.” Lira flicks up her hood. “You should try not to talk then,” she retorts. “Nobody wants your words being preserved for eternity.” “They’re pearls of wisdom, actually.” I can barely see Lira’s eyes under the mass of dark fur from her coat, but the mirthless curl of her smile is ever-present. It lingers in calculated amusement as she considers what to say next. Readies to ricochet the next blow. Lira pulls a line of ice from her hair, artfully indifferent. “If that is what pearls are worth these days, I’ll make sure to invest in diamonds.” “Or gold,” I tell her smugly. “I hear it’s worth its weight.” Kye shakes the snow from his sword and scoffs. “Anytime you two want to stop making me feel nauseated, go right ahead.” “Are you jealous because I’m not flirting with you?” Madrid asks him, warming her finger on the trigger mechanism of her gun. “I don’t need you to flirt with me,” he says. “I already know you find me irresistible.” Madrid reholsters her gun. “It’s actually quite easy to resist you when you’re dressed like that.” Kye looks down at the sleek red coat fitted snugly to his lithe frame. The fur collar cuddles against his jaw and obscures the bottoms of his ears, making it seem as though he has no neck at all. He throws Madrid a smile. “Is it because you think I look sexier wearing nothing?” Torik lets out a withering sigh and pinches the bridge of his nose. I’m not sure whether it’s from the hours we’ve gone without food or his inability to wear cutoffs in the biting cold, but his patience seems to be wearing thin. “I could swear that I’m on a life-and-death mission with a bunch of lusty kids,” he says. “Next thing I know, the lot of you will be writing love notes in rum bottles.” “Okay,” Madrid says. “Now I feel nauseated.” I laugh.
Alexandra Christo (To Kill a Kingdom (Hundred Kingdoms, #1))
I don't want to be around people who accept me as is, in my unrefined state of becoming. I consistently want people around me who push and encourage me to be my ultimate best, who bring out the inner diamonds. I want to be around those intellectual giants who extract the gold within me, those who force me to read, to attend classes, seminars, conferences, and who steep me in an environment of perpetual growth and upward mobility. Not trying to be funny, but I've learned that I simply cannot afford to invest too much time around mediocrity. It's contagious.
Brandi L. Bates
Yes, breadth of experience is likely necessary and desirable when you’re young—after all, you have to go out there and discover what seems worth investing yourself in. But depth is where the gold is buried. And you have to stay committed to something and go deep to dig it up. That’s true in relationships, in a career, in building a great lifestyle—in everything.
Mark Manson
Gold is a constant. It's like a North Star.
Steve Forbes
It is the investment of time into perfecting a skill or skills that gives birth to celebrities, billionaires, inventors, entrepreneurs, Olympic gold medalists and so on
Sunday Adelaja (No One Is Better Than You)
Are the returns on my journey equal to the length of the road behind me? And if not, have I realized the pressing need to surrender to God the road in front of me?
Craig D. Lounsbrough (Flecks of Gold on a Path of Stone: Simple Truths for Profound Living)
Which desirest thou the most? Is it the gratification of thy desires of each day, a jewel, a bit of finery, better raiment, more food; things quickly gone and forgotten? Or is it substantial belongings, gold, lands, herds, merchandise, income-bringing investments? The coins thou takest from thy purse bring the first. The coins thou leavest within it will bring the latter.
George S. Clason (The Richest Man in Babylon: George S. Clason International Bestseller Book ‘The Richest Man in Babylon’ for How to Grow Rich)
Most of us know how much we earn every month, but not many of us are clear about where our money gets spent. This exercise should show you clearly how you should manage your finances to achieve your goals.
Vinod Pottayil (What Every Indian Should Know Before Investing: Investment ideas on Gold, PPF, Stocks, Mutual Fund, Life Insurance and more... explained in simple, easy-to-understand language for Indian investors!)
What insanity propels me to incessantly invest in a world that never ceases to fail me? And what ignorance bewitches me so thoroughly that it keeps me from investing in a God who never ceases to be unfailing?
Craig D. Lounsbrough (Flecks of Gold on a Path of Stone: Simple Truths for Profound Living)
1. Start thy purse to fattening 2. Control thy expenditures 3. Make thy gold multiply 4. Guard thy treasures from loss 5. Make of thy dwelling a profitable investment 6. Insure a future income 7. Increase thy ability to earn
George S. Clason (The Richest Man in Babylon: 9789387669369 (GP Self-Help Collection Book 1))
Poirot looked at me meditatively. “You have an extraordinary effect on me, Hastings. You have so strongly the flair in the wrong direction that I am almost tempted to go by it! You are that wholly admirable type of man, honest, credulous, honourable, who is invariably taken in by any scoundrel. You are the type of man who invests in doubtful oil fields, and non-existent gold mines. From hundreds like you, the swindler makes his daily bread. Ah, well—I shall study this Commander Challenger. You have awakened my doubts.” “My dear Poirot,” I cried, angrily. “You are perfectly absurd. A man who has knocked about the world like I have—” “Never learns,” said Poirot, sadly. “It is amazing—but there it is.” “Do you suppose I’d have made a success of my ranch out in the Argentine if I were the kind of credulous fool you make out?” “Do not enrage yourself, mon ami. You have made a great success of it—you and your wife.” “Bella,” I said, “always goes by my judgement.” “She is as wise as she is charming,” said Poirot. “Let us not quarrel my friend. See, there ahead of us, it says Mott’s Garage. That, I think, is the garage mentioned by Mademoiselle Buckley. A few inquiries will soon give us the truth of that little matter.
Agatha Christie (Peril at End House (Hercule Poirot, #8))
There was so much to read for one thing and so much fine health to be pulled down out of the young breath-giving air. I bought a dozen volumes on banking and credit and investment securities and they stood on my shelf in red and gold like new money from the mint, promising to unfold the shining secrets that only Midas and Morgan and Maecenas knew. And I had the high intention of reading many other books besides. I was rather literary in college—one year I wrote a series of very solemn and obvious editorials for the ‘Yale News’—and now I was going to bring back all such things into my life and become again that most limited of all specialists, the ‘well-rounded man.’ This isn’t just an epigram—life is much more successfully looked at from a single window, after all.
F. Scott Fitzgerald (The Great Gatsby)
When foreign military spending [bombing Korea and Vietnam] forced the U.S. balance of payments into deficit and drove the United States off gold in 1971, central banks were left without the traditional asset used to settle payments imbalances. The alternative by default was to invest their subsequent payments inflows in U.S. Treasury bonds, as if these still were “as good as gold.” Central banks have been holding some $4 trillion of these bonds in their international reserves for the past few years — and these loans have financed most of the U.S. Government’s domestic budget deficits for over three decades. Given the fact that about half of U.S. Government discretionary spending is for military operations — including more than 750 foreign military bases and increasingly expensive operations in the oil-producing and transporting countries — the international financial system is organized in a way that finances the Pentagon, along with U.S. buyouts of foreign assets expected to yield much more than the Treasury bonds that foreign central banks hold.
Michael Hudson (The Bubble and Beyond)
The empires built by bankers and merchants in frock coats and top hats defeated the empires built by kings and noblemen in gold clothes and shining armour. The mercantile empires were simply much shrewder in financing their conquests. Nobody wants to pay taxes, but everyone is happy to invest.
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
A guy from Bear Stearns had visited our class, thin and bald with a gold watch. He told us that if we were interested in getting into finance, we had better work hard and smart because a lot of machines were able to make investment decisions now, and in the future, computer programs would run everything.
Ned Vizzini (It's Kind of a Funny Story)
Fear so, sir. I’d be back in the fight, had we the gear.” If he were a Gold or Obsidian, he’d be back in the fight by month’s end, but we can’t spend our near-extinguished supply of prosthetics on regular infantry. Bad investment. I once thought the greatest sin of war was violence. It isn’t. The greatest sin is it requires good men to become practical.
Pierce Brown (Dark Age (Red Rising Saga #5))
The problem with fiat is that simply maintaining the wealth you already own requires significant active management and expert decision-making. You need to develop expertise in portfolio allocation, risk management, stock and bond valuation, real estate markets, credit markets, global macro trends, national and international monetary policy, commodity markets, geopolitics, and many other arcane and highly specialized fields in order to make informed investment decisions that allow you to maintain the wealth you already earned. You effectively need to earn your money twice with fiat, once when you work for it, and once when you invest it to beat inflation. The simple gold coin saved you from all of this before fiat.
Saifedean Ammous (The Fiat Standard: The Debt Slavery Alternative to Human Civilization)
As we’ll see, the 4% Roman rate of return is about the same as the aggregate return on capital (when stocks and bonds are considered together) in the U.S. in the twentieth century, and perhaps even a bit more than the aggregate return expected in the next century. (The 4% Roman rate was gold-based, so the return was a real, that is, after-inflation, return.) The
William J. Bernstein (The Four Pillars of Investing: Lessons for Building a Winning Portfolio)
We depended on the indigenous of this land to teach us farming and harvesting skills that we largely lacked upon arrival. Indeed, had it not been for the wisdom of native North Americans, the first attempt at European colonization would have failed entirely. We were starving in droves, perishing in Jamestown because we had spent so much time looking for gold that we’d forgotten to plant crops that could sustain us through the harsh winters. Four hundred–plus years later that folly has been repeated, at least metaphorically, in an economy so focused on the chasing of wealth for wealth’s sake that it has failed to re-sow its crops, to invest in the future, to actually produce anything of value as it opts, instead, to chase financial fortunes and immediate riches.
Tim Wise (Dear White America: Letter to a New Minority)
We have good news and bad news. The good news is that the dismal vision of human sexuality reflected in the standard narrative is mistaken. Men have not evolved to be deceitful cads, nor have millions of years shaped women into lying, two-timing gold-diggers. But the bad news is that the amoral agencies of evolution have created in us a species with a secret it just can’t keep. Homo sapiens evolved to be shamelessly, undeniably, inescapably sexual. Lusty libertines. Rakes, rogues, and roués. Tomcats and sex kittens. Horndogs. Bitches in heat.1 True, some of us manage to rise above this aspect of our nature (or to sink below it). But these preconscious impulses remain our biological baseline, our reference point, the zero in our own personal number system. Our evolved tendencies are considered “normal” by the body each of us occupies. Willpower fortified with plenty of guilt, fear, shame, and mutilation of body and soul may provide some control over these urges and impulses. Sometimes. Occasionally. Once in a blue moon. But even when controlled, they refuse to be ignored. As German philosopher Arthur Schopenhauer pointed out, Mensch kann tun was er will; er kann aber nicht wollen was er will. (One can choose what to do, but not what to want.) Acknowledged or not, these evolved yearnings persist and clamor for our attention. And there are costs involved in denying one’s evolved sexual nature, costs paid by individuals, couples, families, and societies every day and every night. They are paid in what E. O. Wilson called “the less tangible currency of human happiness that must be spent to circumvent our natural predispositions.”2 Whether or not our society’s investment in sexual repression is a net gain or loss is a question for another time. For now, we’ll just suggest that trying to rise above nature is always a risky, exhausting endeavor, often resulting in spectacular collapse. Any attempt to understand who we are, how we got to be this way, and what to do about it must begin by facing up to our evolved human sexual predispositions. Why do so many forces resist our sustained fulfillment? Why is conventional marriage so much damned work? How has the incessant, grinding campaign of socio-scientific insistence upon the naturalness of sexual monogamy combined with a couple thousand years of fire and brimstone failed to rid even the priests, preachers, politicians, and professors of their prohibited desires? To see ourselves as we are, we must begin by acknowledging that of all Earth’s creatures, none is as urgently, creatively, and constantly sexual as Homo sapiens.
Christopher Ryan (Sex at Dawn: How We Mate, Why We Stray, and What It Means for Modern Relationships)
This, then, is the fourth cure for a lean purse, and of great importance if it prevent thy purse from being emptied once it has become well filled. Guard thy treasure from loss by investing only where thy principal is safe, where it may be reclaimed if desirable, and where thou will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect thy treasure from unsafe investments.
George S. Clason (The Richest Man in Babylon)
Most non-European empires of the early modern era were established by great conquerors such as Nurhaci and Nader Shah, or by bureaucratic and military elites as in the Qing and Ottoman empires. Financing wars through taxes and plunder (without making fine distinctions between the two), they owed little to credit systems, and they cared even less about the interests of bankers and investors. In Europe, on the other hand, kings and generals gradually adopted the mercantile way of thinking, until merchants and bankers became the ruling elite. The European conquest of the world was increasingly financed through credit rather than taxes, and was increasingly directed by capitalists whose main ambition was to receive maximum returns on their investments. The empires built by bankers and merchants in frock coats and top hats defeated the empires built by kings and noblemen in gold clothes and shining armour. The mercantile empires were simply much shrewder in financing their conquests. Nobody wants to pay taxes, but everyone is happy to invest.
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
The idea that someone could, or would want to, experience uninterrupted happiness over a period of days, let alone years, is ludicrous. Anyone who feels pleasant and bubbly all the time is either mentally disabled or hooked on crack. Money, on the other hand, is steady. You can spend it, invest it or light a little bit on fire in an intern’s ass. Either way, money gets to sleep over. Money is a resource that makes it easier for you to find your purpose and achieve your goals, not because you are buying happiness, but because you are eliminating the desperation that drains happiness and distracts you from your purpose.
Ari Gold (The Gold Standard: Rules to Rule By)
What if, however, humans exceed animals in their capacity for violence precisely because they speak? As Hegel was already well aware, there is something violent in the very symbolisation of a thing, which equals its mortification. This violence operates at multiple levels. Language simplifies the designated thing, reducing it to a single feature. It dismembers the thing, destroying its organic unity, treating its parts and properties as autonomous. It inserts the thing into a field of meaning which is ultimately external to it. When we name gold “gold,” we violently extract a metal from its natural texture, investing into it our dreams of wealth, power, spiritual purity, and so on, which have nothing whatsoever to do with the immediate reality of gold.
Slavoj Žižek (Violence: Six Sideways Reflections)
from Labor Day through Halloween, the place is almost unbearably beautiful. The air during these weeks seems less like ether and more like a semisolid, clear and yet dense somehow, as if it were filled with the finest imaginable golden pollen. The sky tends toward brilliant ice-blue, and every thing and being is invested with a soft, gold-ish glow. Tin cans look good in this light; discarded shopping bags do. I’m not poet enough to tell you what the salt marsh looks like at high tide. I confess that when I lived year-round in Provincetown, I tended to become irritable toward the end of October, when one supernal day after another seemed to imply that the only reasonable human act was to abandon your foolish errands and plans, go outside, and fall to your knees.
Michael Cunningham (Land's End: A Walk in Provincetown)
The air is crisp on my skin, and though my hands are wrapped under thick gloves, I shove my fists into my pockets anyway. The wind penetrates here through every layer, including skin. I’m dressed in fur so thick that walking feels like an exertion. It slows me down more than I would like, and even though I know there’s no imminent threat of attack, I still don’t like being unprepared in case one comes. It shakes me more than the cold ever could. When I turn to Lira, the ends of her hair are white with frost. “Try not to breathe,” I tell her. “It might get stuck halfway out.” Lira flicks up her hood. “You should try not to talk then,” she retorts. “Nobody wants your words being preserved for eternity.” “They’re pearls of wisdom, actually.” I can barely see Lira’s eyes under the mass of dark fur from her coat, but the mirthless curl of her smile is ever-present. It lingers in calculated amusement as she considers what to say next. Readies to ricochet the next blow. Lira pulls a line of ice from her hair, artfully indifferent. “If that is what pearls are worth these days, I’ll make sure to invest in diamonds.” “Or gold,” I tell her smugly. “I hear it’s worth its weight.” Kye shakes the snow from his sword and scoffs. “Anytime you two want to stop making me feel nauseated, go right ahead.” “Are you jealous because I’m not flirting with you?” Madrid asks him, warming her finger on the trigger mechanism of her gun. “I don’t need you to flirt with me,” he says. “I already know you find me irresistible.” Madrid reholsters her gun. “It’s actually quite easy to resist you when you’re dressed like that.” Kye looks down at the sleek red coat fitted snugly to his lithe frame. The fur collar cuddles against his jaw and obscures the bottoms of his ears, making it seem as though he has no neck at all. He throws Madrid a smile. “Is it because you think I look sexier wearing nothing?” Torik lets out a withering sigh and pinches the bridge of his nose. I’m not sure whether it’s from the hours we’ve gone without food or his inability to wear cutoffs in the biting cold, but his patience seems to be wearing thin. “I could swear that I’m on a life-and-death mission with a bunch of lusty kids,” he says. “Next thing I know, the lot of you will be writing love notes in rum bottles.” “Okay,” Madrid says. “Now I feel nauseated.
Alexandra Christo (To Kill a Kingdom (Hundred Kingdoms, #1))
ago: THE FIVE LAWS OF GOLD 1. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family. 2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. 3. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling. 4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep. 5. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
George S. Clason (The Richest Man in Babylon: 9789387669369 (GP Self-Help Collection Book 1))
Spearing a quail egg with her fork, Evie popped it into her mouth. “What is to be done about Mr. Egan?” His shoulders lifted in a graceful shrug. “As soon as he is sober enough to walk, he’ll be dismissed.” Evie brushed away a stray lock of hair that had fallen over her cheek. “There is no one to replace him.” “Yes, there is. Until a suitable manager can be found, I’ll run the club.” The quail egg seemed to stick in her throat, and Evie choked a little. Hastily she reached for her wine, washed it down, and regarded him with bulging eyes. How could he say something so preposterous? “You can’t.” “I can hardly do worse than Egan. He hasn’t managed a damned thing in months… before long, this place will be falling down around our ears.” “You said you hated work!” “So I did. But I feel that I should try it at least once, just to be certain.” She began to stammer in her anxiety. “You’ll pl-play at this for a few days, and then you’ll tire of it.” “I can’t afford to tire of it, my love. Although the club is still profitable, its value is in decline. Your father has a load of outstanding debt that must be settled. If the people who owe him can’t muster the cash, we’ll have to take property, jewelry, artwork… whatever they can manage. Having a good idea of the value of things, I can negotiate some acceptable settlements. And there are other problems I haven’t yet mentioned… Jenner has a string of failing Thoroughbreds that have lost a fortune at Newmarket. And he’s made some insane investments— ten thousand pounds he put into an alleged gold mine in Flintshire— a swindle that even a child should have seen through.” “Oh God,” Evie murmured, rubbing her forehead. “He’s been ill— people have taken advantage—” “Yes. And now, even if we wanted to sell the club, we couldn’t without first putting it in order. If there were an alternative, believe me, I would find it. But this place is a sieve, with no one who is capable or willing to stop the holes. Except for me.” “You know nothing about filling holes!” she cried, appalled by his arrogance. Sebastian responded with a bland smile and the slightest arch of one brow. Before he could open his mouth to reply, she clapped her hands over her ears. "Oh, don't say it, don't!" When she saw that he was obligingly holding his silence-though a devilish gleam remained in his eyes-she lowered her hands cautiously.
Lisa Kleypas (Devil in Winter (Wallflowers, #3))
Under these circumstances, revenue from the New World in the form of exports of gold and silver was critical. The Spanish government, however, imposed strict rules limiting economic exchange—a system known as mercantilism—under the mistaken belief that this would maximize its income from the colonies. Exports from the New World could go only to Spain, indeed, to a single port in Spain; they were required to travel in Spanish ships; and the colonies were not permitted to compete with Spanish producers of manufactured goods. Mercantilism, as Adam Smith was to demonstrate in The Wealth of Nations, created huge inefficiencies and was highly detrimental to economic growth. It also had very significant political consequences: access to markets and the right to make productive economic investments were limited to individuals or corporations favored by the state. This meant that the route to personal wealth lay through the state and through gaining political influence. This then led to a rentier rather than an entrepreneurial mentality, in which energy was spent seeking political favor rather than initiating new enterprises that would create wealth. The landowning and merchant classes that emerged under this system grew rich because of the political protection they received from the state.
Francis Fukuyama (Political Order and Political Decay: From the Industrial Revolution to the Globalization of Democracy)
Money has an even darker side. For although money builds universal trust between strangers, this trust is invested not in humans, communities or sacred values, but in money itself and in the impersonal systems that back it. We do not trust the stranger, or the next-door neighbour – we trust the coin they hold. If they run out of coins, we run out of trust. As money brings down the dams of community, religion and state, the world is in danger of becoming one big and rather heartless marketplace. Hence the economic history of humankind is a delicate dance. People rely on money to facilitate cooperation with strangers, but they’re afraid it will corrupt human values and intimate relations. With one hand people willingly destroy the communal dams that held at bay the movement of money and commerce for so long. Yet with the other hand they build new dams to protect society, religion and the environment from enslavement to market forces. It is common nowadays to believe that the market always prevails, and that the dams erected by kings, priests and communities cannot long hold back the tides of money. This is naive. Brutal warriors, religious fanatics and concerned citizens have repeatedly managed to trounce calculating merchants, and even to reshape the economy. It is therefore impossible to understand the unification of humankind as a purely economic process. In order to understand how thousands of isolated cultures coalesced over time to form the global village of today, we must take into account the role of gold and silver, but we cannot disregard the equally crucial role of steel.
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
Peugeot belongs to a particular genre of legal fictions called ‘limited liability companies’. The idea behind such companies is among humanity’s most ingenious inventions. Homo sapiens lived for untold millennia without them. During most of recorded history property could be owned only by flesh-and-blood humans, the kind that stood on two legs and had big brains. If in thirteenth-century France Jean set up a wagon-manufacturing workshop, he himself was the business. If a wagon he’d made broke down a week after purchase, the disgruntled buyer would have sued Jean personally. If Jean had borrowed 1,000 gold coins to set up his workshop and the business failed, he would have had to repay the loan by selling his private property – his house, his cow, his land. He might even have had to sell his children into servitude. If he couldn’t cover the debt, he could be thrown in prison by the state or enslaved by his creditors. He was fully liable, without limit, for all obligations incurred by his workshop. If you had lived back then, you would probably have thought twice before you opened an enterprise of your own. And indeed this legal situation discouraged entrepreneurship. People were afraid to start new businesses and take economic risks. It hardly seemed worth taking the chance that their families could end up utterly destitute. This is why people began collectively to imagine the existence of limited liability companies. Such companies were legally independent of the people who set them up, or invested money in them, or managed them. Over the last few centuries such companies have become the main players in the economic arena, and we have grown so used to them that we forget they exist only in our imagination.
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
Naval’s Laws The below is Naval’s response to the question “Are there any quotes you live by or think of often?” These are gold. Take the time necessary to digest them. “These aren’t all quotes from others. Many are maxims that I’ve carved for myself.” Be present above all else. Desire is suffering (Buddha). Anger is a hot coal that you hold in your hand while waiting to throw it at someone else (Buddhist saying). If you can’t see yourself working with someone for life, don’t work with them for a day. Reading (learning) is the ultimate meta-skill and can be traded for anything else. All the real benefits in life come from compound interest. Earn with your mind, not your time. 99% of all effort is wasted. Total honesty at all times. It’s almost always possible to be honest and positive. Praise specifically, criticize generally (Warren Buffett). Truth is that which has predictive power. Watch every thought. (Always ask, “Why am I having this thought?”) All greatness comes from suffering. Love is given, not received. Enlightenment is the space between your thoughts (Eckhart Tolle). Mathematics is the language of nature. Every moment has to be complete in and of itself. A Few of Naval’s Tweets that are Too Good to Leave Out “What you choose to work on, and who you choose to work with, are far more important than how hard you work.” “Free education is abundant, all over the Internet. It’s the desire to learn that’s scarce.” “If you eat, invest, and think according to what the ‘news’ advocates, you’ll end up nutritionally, financially, and morally bankrupt.” “We waste our time with short-term thinking and busywork. Warren Buffett spends a year deciding and a day acting. That act lasts decades.” “The guns aren’t new. The violence isn’t new. The connected cameras are new, and that changes everything.” “You get paid for being right first, and to be first, you can’t wait for consensus.” “My one repeated learning in life: ‘There are no adults.’ Everyone’s making it up as they go along. Figure it out yourself, and do it.” “A busy mind accelerates the passage of subjective time.
Timothy Ferriss (Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers)
I'm renowned within the ton as being cool under fire- around you, I'm never cool. I'm heated- I seethe- I burn with desire. If I'm in the same room, all I can think about is heat- your heat- and how you'll feel around me." Patience felt the heat rise, a real force between them. "I've gained the reputation of being the soul of discretion- now look at me. I've seduced my godmother's niece- and been seduced by her. I share her bed openly, even under my godmother's roof." His lips twisted wryly. "So much for discretion." He drew a deep breath; his chest brushed her breasts. "And as for my vaunted, up-until-you 'legendary' control- the instant I'm inside you that evaporates like water on hot steel." What prompted her Patience never knew. His lips were so close- with her teeth, she nipped the lower. "I told you to let go- I won't break." The tension, pouring off him in waves, eased, just a little. He sighed, and rested his forehead on hers. "I don't like losing control- it's like losing myself- in you." She felt him gather himself, felt the tension swell and coalesce about them. "It's giving myself to you- so that I'm in your keeping." The words, low and gravelly, rolled through her; closing her eyes, she drew in a shallow breath. "And you don't like doing that." "I don't like it- but I crave it. I don't approve of it, yet I yearn for it." His words feathered her cheek, then his lips touched hers. "Do you understand? I haven't any choice." Patience felt his chest swell as he drew a deep breath. "I love you." She shivered, eyes shut tight, and felt the world shift about her. "Losing myself in you- giving my heart and soul into your keeping- is part of that." His lips brushed hers in an inexpressibly tender caress. "Trusting you is part of that. Telling you I love you is part of that." His lips touched hers; Patience didn't wait for more. She kissed him. Letting go of the post, she slid her hands up, framing his face, so she could let him know- let him feel- her response to all he'd said. He felt it, sensed it- and reacted; his arms locked tight about her. She couldn't breathe, but she didn't care. All she cared about was the emotion that held them, that flowed so effortlessly between them. Silver and gold, it wound about them, investing each touch with its magic. Silver and gold, it shimmered about them, and quivered in their fractured breaths. It was immediate compulsion and future promise, heavenly delight and earthly pleasure. It was here and now- and forever.
Stephanie Laurens (A Rake's Vow (Cynster, #2))
The Ten Ways to Evaluate a Market provide a back-of-the-napkin method you can use to identify the attractiveness of any potential market. Rate each of the ten factors below on a scale of 0 to 10, where 0 is terrible and 10 fantastic. When in doubt, be conservative in your estimate: Urgency. How badly do people want or need this right now? (Renting an old movie is low urgency; seeing the first showing of a new movie on opening night is high urgency, since it only happens once.) Market Size. How many people are purchasing things like this? (The market for underwater basket-weaving courses is very small; the market for cancer cures is massive.) Pricing Potential. What is the highest price a typical purchaser would be willing to spend for a solution? (Lollipops sell for $0.05; aircraft carriers sell for billions.) Cost of Customer Acquisition. How easy is it to acquire a new customer? On average, how much will it cost to generate a sale, in both money and effort? (Restaurants built on high-traffic interstate highways spend little to bring in new customers. Government contractors can spend millions landing major procurement deals.) Cost of Value Delivery. How much will it cost to create and deliver the value offered, in both money and effort? (Delivering files via the internet is almost free; inventing a product and building a factory costs millions.) Uniqueness of Offer. How unique is your offer versus competing offerings in the market, and how easy is it for potential competitors to copy you? (There are many hair salons but very few companies that offer private space travel.) Speed to Market. How soon can you create something to sell? (You can offer to mow a neighbor’s lawn in minutes; opening a bank can take years.) Up-front Investment. How much will you have to invest before you’re ready to sell? (To be a housekeeper, all you need is a set of inexpensive cleaning products. To mine for gold, you need millions to purchase land and excavating equipment.) Upsell Potential. Are there related secondary offers that you could also present to purchasing customers? (Customers who purchase razors need shaving cream and extra blades as well; buy a Frisbee and you won’t need another unless you lose it.) Evergreen Potential. Once the initial offer has been created, how much additional work will you have to put in in order to continue selling? (Business consulting requires ongoing work to get paid; a book can be produced once and then sold over and over as is.) When you’re done with your assessment, add up the score. If the score is 50 or below, move on to another idea—there are better places to invest your energy and resources. If the score is 75 or above, you have a very promising idea—full speed ahead. Anything between 50 and 75 has the potential to pay the bills but won’t be a home run without a huge investment of energy and resources.
Josh Kaufman (The Personal MBA)
By the end of 2012, the price of gold reached $1,675 per ounce, and $1 of gold bullion purchased in 1802 was worth $86.40 at the end of 2012, while the price level itself increased by a factor of 19.12.
Jeremy J. Siegel (Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies)
And so Columbus, desperate to pay back dividends to those who had invested, had to make good his promise to fill the ships with gold. In the province of Cicao on Haiti, where he and his men imagined huge gold fields to exist, they ordered all persons fourteen years or older to collect a certain quantity of gold every three months. When they brought it, they were given copper tokens to hang around their necks. Indians found without a copper token had their hands cut off and bled to death.
Anonymous
The masses long ago switched from stocks to investments having higher yields and more protection from inflation. Now the pension funds - the market’s last hope - have won permission to quit stocks and bonds for real estate, futures, gold, and even diamonds. The death of equities looks like an almost permanent condition.5
Niall Ferguson (The Ascent of Money: A Financial History of the World: 10th Anniversary Edition)
Improving your abilities in high-priority areas is always a good investment in yourself that will pay off in the long run.
John C. Maxwell (Don't Manage Your Time-Manage Your Life: Lesson 13 from Leadership Gold)
At this point in your Total Money Makeover, you are debt-free except for the house, and you have three to six months of expenses ($10,000+/–) saved for emergencies. At this point in your Total Money Makeover, you are putting 15 percent of your income into retirement savings and you are investing for your kid’s college education with firm goals in sight on both. You are now one of the top 5 to 10 percent of Americans because you have some wealth, have a plan, and are under control. At this point in your Total Money Makeover, you are in grave danger! You are in danger of settling for “Good Enough.” You are at the eighteen-mile mark of a marathon, and now that it is time to reach for the really big gold ring, the final two Baby Steps could seem out of your reach. Let me assure you that many have been at this point. Some have stopped and regretted it; others have stayed gazelle-intense long enough to finish the race. The latter have looked and seen just one major hurdle left, after which they can walk with pride among the ultra-fit who call themselves financial marathoners. They can count themselves among the elite who have finished The Total Money Makeover.
Dave Ramsey (The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness)
Civil war tends to give a helping hand to the velocity of currency, Ukraine can attest to that. However, it is quite an unpleasant way to find the intrinsic value of worthlessness.
Tom Wallace
know what Clement said about being pope?” I shook my head, as he’d hoped I would. “Clement said none of his predecessors knew how to be pope.” “What did he mean?” “He meant that none of the others knew how to throw such big parties. He was also called ‘Clement the Magnificent.’ When he was crowned as pope, he gave a feast for three thousand people. He served one thousand sheep, nine hundred goats, a hundred cows, a hundred calves, and sixty pigs.” “Goodness. That’s, what, ten, twenty pounds of meat for every person?” “Ah, but there is more. Much more. Ten thousand chickens. Fourteen hundred geese. Three hundred fish—” “Only three hundred?” He stretched his arms wide—“Pike, very big fish”—then transformed the gesture into a shrug. “But also, Catholics eat a lot of fish, so maybe it was not considered a delicacy.” He held up a finger. “Plus fifty thousand cheeses. And for dessert? Fifty thousand tarts.” “That’s not possible. Surely somebody exaggerated.” “Non, non, pas du tout. We have the book of accounts. It records what they bought, and how much it cost.” “How much did it cost?” “More than I will earn in my entire life. But it was a smart investment. It made him a favorite with the people who mattered—kings and queens and dukes. And, of course, with his cardinals and bishops, who sent him money they collected in their churches.” Turning away from the palace, he pointed to a building on the opposite side of the square. “Do you know this building?” I shook my head. “It’s just as important as the palace.” “What is it?” “The papal mint.” “Mint, as in money?” He nodded. “The popes coined their own money, and they built this mint here. They made gold florins in the mint, then stored them in the treasury in the palace.” “The popes had their own mint? That seems ironic, since Jesus chased the money changers out of the temple in Jerusalem.” “If you look for inconsistencies, you will find a million. The popes had armies. They had mistresses. They had children. They poisoned their rivals. They lived like kings and emperors; better than kings and emperors.” “And nobody objected?” “Oh, sure,” he said. “Some of the Franciscans—founded by Saint Francis of Assisi—they were very critical. They said monks and priests and popes should live in poverty, like Jesus.
Jefferson Bass (The Inquisitor's Key)
India does not produce any gold and all the gold sold in India needs to be imported, thereby
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
The Indian Government has levied import duties on the gold import and investment in gold may also be subject to wealth tax. Thus,
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
NRIs are allowed to buy gold in India, it is always cheaper and better (in terms of quality) to buy gold abroad.
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
The investment through gold ETF or gold mutual funds is not subject to wealth tax or the Security Transaction Tax (STT).
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
Income from gold is in the nature of a capital gain and arises when it is sold. If
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
If gold or gold ETF is sold after 3 years, it is a long term capital gain and if it is sold before 3 years, it is considered as a short term capital gain.
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
As of August 31, 2014, only 28% of AUM (asset under management) of all mutual funds in India is in equity, balanced and ELSS schemes, i.e. in high risky securities. Income funds (medium risk) have 46% of all AUM and liquid or money market funds (low risk) have about 24% of AUM. The remaining 2% of AUM is for investment in gold, government securities, overseas funds, etc. AUM is the total market value of all financial assets under a MF or a MF scheme managed on behalf of its clients or investors.
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
diverse range of asset classes (debt, equity, gold, etc.) as well as in more than one security (Reliance, Tata, Infosys, Hero, etc.) within
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
Gold outside India is cheaper and of better quality and with better options.
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
India does not have gold mines and all the gold is imported. Gold outside India is cheaper and of better
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
Mr. Kunal from Uganda invested Rs. 3,000,000 in gold in February 2010. If he sold the gold for 4,000,000 in January 2013, the capital gain would be a STCG as he sold it within 36 months. The STCG of Rs. 1,000,000 will be added to the other income and taxed as a regular income based on the income tax slab.
Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
Does achieving extremely broad diversification seem completely out of reach for ordinary investors? Fear not. There are broadly invested, very low-cost funds that can provide one-stop shopping solutions. We will recommend a broadly diversified United States total stock market index fund that includes real estate companies and commodity producers, including gold miners. We
Burton G. Malkiel (The Elements of Investing: Easy Lessons for Every Investor)
Nowadays, most banks offer stock trading services and it would be a good idea to start your enquiries with your bank.
Vinod Pottayil (What Every Indian Should Know Before Investing: Investment ideas on Gold, PPF, Stocks, Mutual Fund, Life Insurance and more... explained in simple, easy-to-understand language for Indian investors!)
In return for the service and to cover the annual cost for fund management and other expenses, the mutual fund levies fund management charges (FMC). The FMC levied varies across schemes from around 0.75% to 2.50% (the
Vinod Pottayil (What Every Indian Should Know Before Investing: Investment ideas on Gold, PPF, Stocks, Mutual Fund, Life Insurance and more... explained in simple, easy-to-understand language for Indian investors!)
We want more money in real terms after taking inflation into account. Here, I would like to emphasize that whether you consider yourself a stock, gold, private business, or real estate investor, or if you only invest for income such as dividends or rental income, all investors in all asset classes have to obey the same laws and principles of investing. There is no exception!   Sometimes,
David Schneider (The 80/20 Investor: How to Simplify Investing with a Powerful Principle to Achieve Superior Returns)
Gold belongs only in the portfolios of fearmongers and speculators. If you own gold in your portfolio, expect to not get paid an income, pay higher taxes on your returns, take a more volatile ride than the stock market, and get a long-term return lower than bonds.
Peter Mallouk (The 5 Mistakes Every Investor Makes and How to Avoid Them: Getting Investing Right)
Gold is often sought as a refuge during times of financial travail. True to form, the price of the precious metal more than tripled in the 1999-2009 decade. But gold is largely a rank speculation, for its price is based solely on market expectations. Gold provides no internal rate of return. Unlike stocks and bonds, gold provides none of the intrinsic value that is created for stocks by earnings growth and dividend yields, and for bonds by interest payments. So in the two centuries plus shown in the chart, the initial $10,000 investment in gold grew to barely $26,000 in realterms. In fact, since the peak reached during its earlier boom in 1980, the price of gold has lost nearly 40 percent of its real value.
John C. Bogle (Common Sense on Mutual Funds)
The gold in Michelangelo’s strongbox represented only a fraction – considerably less than half – of his total assets, most of which were invested in property. He was not only the most famous painter or sculptor in history, he was probably richer than any artist who had ever been. This was just one of many contradictions in Michelangelo’s nature: a wealthy man who lived frugally; a skinflint who could be extraordinarily, embarrassingly generous; a private, enigmatic individual who spent three quarters of a century near the heart of power.
Martin Gayford (Michelangelo: His Epic Life)
Domain is your digital asset, such as real estate, gold or stocks, so invest wisely in your domain portfolio
Anuj Jasani
THE FIVE LAWS OF GOLD I.  Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.   II.  Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. III.  Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.   IV.  Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep. V.  Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
George S. Clason (The Richest Man in Babylon (Original Classic Edition))
I.  Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.   II.  Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. III.  Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.   IV.  Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep. V.  Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
George S. Clason (The Richest Man in Babylon (Original Classic Edition))
Trick #1 for Farming Humans is the ability to invisibly commit crime. Chapter 1, Page 9, Ring of Gyges Trick #2 for Farming Humans is to allow professionals to create rigged systems or self serving social constructs. Chapter 4, page 28 (Lawyers who serve corporate interests are often incentivized to assist in harming the society to increase their own security. SEC, Bernie Madoff, Corporations as invisible friends, Money laundering assistance) Trick #3 in Farming Humans is making it legal for insider manipulation of public markets for private gain. (Boeing CEO) page 32 Trick #4 for Farming Humans is Justice prefers to look only down…rarely up towards power. Chapter 5, page 33. Trick #5 for Farming Humans is “let us create the nation’s money”. What could go wrong? Found in Chapter 7 on page 38. Trick # 6 in the game of Farming Humans, to create something which gives a few men an elevated status above the rest. Southern Pacific Railroad taxes, to Pacific Gas and Electric deadly California fires, to Boeing aircraft casualties. Paper “persons” cannot be arrested or jailed. Trick #7 for Farming Humans is a private game of money creation which secretly “borrowed” on the credit backing of the public. Chapter 9, page 51. Federal Reserve. Trick #8 for Farming Humans is seen in the removal of the gold backing of US dollars for global trading partners, a second default of the promises behind the dollar. (1971) Chapter 15, page 81 Trick #9 for Farming Humans is being able to sell out the public trust, over and over again. Supreme Court rules that money equals speech. Chapter 16, page 91. Trick #10 for Farming Humans is Clinton repeals Glass Steagall, letting banks gamble America into yet another financial collapse. Chapter 17, page 93. Trick #11 for Farming Humans is when money is allowed to buy politics. Citizens United, super PAC’s can spend unlimited money during campaigns. Chapter 18, page 97. Trick #12 for Farming Humans is the Derivative Revolution. Making it up with lawyers and papers in a continual game of “lets pretend”. Chapter 19, page 105. Trick #13 for Farming Humans is allowing dis-information to infect society. Chapter 20, page 109. Trick #14 for Farming Humans is substitution of an “advisor”, for what investors think is an “adviser”. Confused yet? The clever “vowel movement” adds billions in profits, while farming investors. Trick #15 for Farming Humans is when privately-hired rental-cops are allowed to lawfully regulate an industry, the public gets abused. Investments, SEC, FDA, FAA etc. Chapter 15, page 122 Trick #16 for Farming Humans is the layer of industry “self regulators”, your second army of people paid to “gaslight” the public into thinking they are protected.
Larry Elford (Farming Humans: Easy Money (Non Fiction Financial Murder Book 1))
On September 20, 1931, the British government announced that England was going off the gold standard. It would no longer exchange gold for deposits at the Bank of England or for British currency,
Jeremy J. Siegel (Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies)
Bitcoin is usually considered a currency, but some economists think it looks more like a commodity—a sort of digital gold. Like a commodity, it’s subject to wide swings in price based on speculators investing in the bitcoin market. And like gold, bitcoins are scarce. The Bitcoin protocol limits the number of new bitcoins that come into circulation each year.
Alex Moazed (Modern Monopolies: What It Takes to Dominate the 21st Century Economy)
But since you’re still dreaming of creating Disney Magic, I’ll tell you a secret: you have to make your own Pixie Dust. You must decide every day that reality is not going to get in your way; instead you embrace it and use your knowledge of the system to your advantage. You look in the eyes of every happy child and mine the gold that lies there. You learn to endure the operational ironies and focus instead on meeting and exceeding guests’ expectations, because the joy in their faces makes it worth the extra effort. You take to heart the words and legacy of Walt and invest yourself in keeping them alive for the child in every adult.
Ron Schneider (From Dreamer to Dreamfinder)
Imperial domination spread. Slaves were the precious life-blood of the West Indian economy, where King Sugar reigned and in which £70 million had been invested by 1790. Under the asiento, British slave-traders transported a million and a half Africans to the Caribbean during the century: ‘All this great increase in our treasure,’ wrote Joshua Gee in 1729, ‘proceeds chiefly from the labour of negroes in the plantations.’ West African gold gave England the guinea. In 1787, Sierra Leone in West Africa was set up as a trial settlement of free blacks, as was New South Wales from 1788 for transported criminal whites. The future of English society was irreversibly being skewed by empire.
Roy Porter (English Society in the Eighteenth Century (The Penguin Social History of Britain))
The Great Depression, the 1973 oil crisis, the rapid inflation of the late ’70s, the British sterling crisis of 1976, Black Monday in 1987, the dot-com bubble of 2000, the housing bust in 2008, the 28% drop in gold prices in 2013—all of these surprises caught most investments professionals way off guard.
Anthony Robbins (MONEY Master the Game: 7 Simple Steps to Financial Freedom (Tony Robbins Financial Freedom))
Africa, I believe, is embarking upon an era of sharp divergences in which China will play a huge role in specific national outcomes—for better and for worse, perhaps even dramatically, depending on the country. Places endowed with stable governments, with elites that are accountable and responsive to the needs of their fellow citizens, and with relatively healthy institutions, will put themselves in a position to thrive on the strength of robust Chinese demand for their exports and fast-growing investment from China and from a range of other emerging economic powers, including Brazil, Turkey, India, and Vietnam. Inevitably, most of these African countries will be democracies. Other nations, whether venal dictatorships, states rendered dysfunctional by war, and even some fragile democracies—places where institutions remain too weak or corrupted—will sell off their mineral resources to China and other bidders, and squander what is in effect a one-time chance to convert underground riches into aboveground wealth by investing in their own citizens and creating new kinds of economic activity beyond today’s simple extraction. The proposition at work here couldn’t be more straightforward. The timeline for resource depletion in many African countries is running in tandem with the timeline for the continent’s unprecedented demographic explosion. At current rates, in the next forty years, most African states will have twice the number of people they count now. By that same time, their presently known reserves of minerals like iron, bauxite, copper, cobalt, uranium, gold, and more, will be largely depleted. Those who have diversified their economies and invested in their citizens, particularly in education and health, will have a shot at prosperity. Those that haven’t, stand to become hellish places, barely viable, if viable at all.
Howard W. French (China's Second Continent: How a Million Migrants Are Building a New Empire in Africa)
Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.
George S. Clason (The Richest Man in Babylon: George S. Clason International Bestseller Book ‘The Richest Man in Babylon’ for How to Grow Rich)
Gold is special. It always was and probably always will be, at least till the ancient dream of alchemy – turning lead into gold – becomes more than just a dream.
Robert Rolih (The Million Dollar Decision: Get Out of the Rigged Game of Investing and Add a Million to Your Net Worth)
So, we will camp here? Has anyone scouted the area? You’re sure it’s safe?” “Swift Antelope and Red Buffalo checked for trackers last night and this morning. As crazy as it sounds, Red Buffalo claims the girl’s ap hasn’t even gone for help yet.” “He’s such a coward, he’s probably waiting to be sure we’re gone. I’m surprised his women haven’t ridden to the fort for help. They are by far the better fighters.” Scarcely aware he was doing it, Hunter feathered his thumb back and forth on the girl’s arm, careful not to press too hard because of her burn. She was as silken as rabbit fur. Glancing down, he saw that her skin was dusted with fine, golden hair, noticeable now only because her sunburn formed a dark backdrop. Fascinated, he touched a fingertip to the fuzz. In the sunshine she glistened as though someone had sprinkled her with gold dust. “Swift Antelope still hasn’t stopped talking about the younger one,” Warrior said. “Her courage impressed him so much, I think he may be smitten. I have to admit, though, once you get used to looking at them, the golden hair and blue eyes grow on you.” “Maybe you should take her across the river and sell her, eh?” “I could double my investment.” With a grin, Hunter pulled the robe back over her. She reacted by shrinking away from him, and he gave a disgusted snort. “She must think we’re hungry and she’s going to be breakfast.” “Speaking of which, are you going to feed her?” “In an hour or so. If we’re staying here today, I can go back to sleep.” He drew his knife and cut the leather on Loretta’s wrists. “Wake me if the sun gets on her, eh?” “You’d better keep her tied.” “Why?” A yawn stretched Hunter’s dark face. “Because she’s looking skittish.” “She’s naked.” Sheathing his knife, Hunter flopped on his back and shaded his eyes with one arm. “She won’t run. Not without clothes. I’ve never seen such a bashful female.” “The tosi tivo truss up their females in so many clothes, it would take a whole sleep just to undress one. Then they have them wear breeches under the lot. How do they manage to have so many children? I’d be so tired by the time I found skin, I’d never get anything else done.” “You’d think of something,” Hunter said with a chuckle.
Catherine Anderson (Comanche Moon (Comanche, #1))
Investing In Gold Not everyone would associate Ethereum with investing in gold, but that is exactly one of its uses. Using a process developed by Digix, users can use tokens to buy gold on the Ethereum blockchain. How does this work? Using the Digix app, you can exchange either Ether or fiat currency (real-life money) with gold tokens. This gold is linked to the Singaporean gold vault through a complex crypto-code. Whenever the user wants, they can switch their gold tokens for actual pieces of gold without needing to go through an intermediary or paying any large fees. This also opens up the possibility of creating similar processes for all sorts of commodities.
Ikuya Takashima (Ethereum: The Ultimate Guide to the World of Ethereum, Ethereum Mining, Ethereum Investing, Smart Contracts, Dapps and DAOs, Ether, Blockchain Technology)
I. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earngs to create an estate for his future and that of his family. II. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. III. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling. IV. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep. V. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
George S. Clason (The Richest Man in Babylon)
From the outset, hydroxychloroquine (HCQ) and other therapeutics posed an existential threat to Dr. Fauci and Bill Gates’ $48 billion COVID vaccine project, and particularly to their vanity drug remdesivir, in which Gates has a large stake.1 Under federal law, new vaccines and medicines cannot quality for Emergency Use Authorization (EUA) if any existing FDA-approved drug proves effective against the same malady: For FDA to issue an EUA (emergency use authorization), there must be no adequate, approved, and available alternative to the candidate product for diagnosing, preventing, or treating the disease or condition. . . .2 Thus, if any FDA-approved drug like hydroxychloroquine (or ivermectin) proved effective against COVID, pharmaceutical companies would no longer be legally allowed to fast-track their billion-dollar vaccines to market under Emergency Use Authorization. Instead, vaccines would have to endure the years-long delays that have always accompanied methodical safety and efficacy testing, and that would mean less profits, more uncertainty, longer runways to market, and a disappointing end to the lucrative COVID-19 vaccine gold rush. Dr. Fauci has invested $6 billion in taxpayer lucre in the Moderna vaccine alone.3 His agency is co-owner4 of the patent and stands to collect a fortune in royalties. At least four of Fauci’s hand-picked deputies are in line to collect royalties of $150,000/year based on Moderna’s success, and that’s on top of the salaries already paid by the American public.5,6
Robert F. Kennedy Jr. (The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health)
The Five Laws of Gold 1. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family. 2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. 3. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling. 4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep. 5. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
George S. Clason (The Richest Man in Babylon)
Real Estate Investors invest in real estate primarily because they believe it is a real investment that they can control. You can see it, visit it, touch it, smell it, and show it off to friends and family. You can't do that with stock. You might be able to do it with gold and silver.
Mike Butler (Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun (Do It All from Your Smartphone or Tablet!))
Under federal law, new vaccines and medicines cannot quality for Emergency Use Authorization (EUA) if any existing FDA-approved drug proves effective against the same malady: For FDA to issue an EUA (emergency use authorization), there must be no adequate, approved, and available alternative to the candidate product for diagnosing, preventing, or treating the disease or condition. . . .2 Thus, if any FDA-approved drug like hydroxychloroquine (or ivermectin) proved effective against COVID, pharmaceutical companies would no longer be legally allowed to fast-track their billion-dollar vaccines to market under Emergency Use Authorization. Instead, vaccines would have to endure the years-long delays that have always accompanied methodical safety and efficacy testing, and that would mean less profits, more uncertainty, longer runways to market, and a disappointing end to the lucrative COVID-19 vaccine gold rush. Dr. Fauci has invested $6 billion in taxpayer lucre in the Moderna vaccine alone.3 His agency is co-owner4 of the patent and stands to collect a fortune in royalties. At least four of Fauci’s hand-picked deputies are in line to collect royalties of $150,000/year based on Moderna’s success, and that’s on top of the salaries already paid by the American public.5
Robert F. Kennedy Jr. (The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health)
Paper money cheats, the real value lies in owning gold.
Mwanandeke Kindembo
If you want to invest, go for gold. Turn all the cash into gold, that's the only way out.
Mwanandeke Kindembo
Health gives satisfaction, but not so much with pleasure in the sense of indulging oneself.
Mwanandeke Kindembo
Making mistakes is part of the learning process when it comes to trading or investing. Every trader makes mistakes in trading that ruin his entire capital. We have listed some common but 5 deadly trading mistakes that a novice or unprofessional trader does in the commodity market: No Patience, Over Trading, Trading Without Plan, Giving Into Emotions, Not Having A Trading Journal. You may include market conditions, the size of the trade, expiration time, prices, whether or not you were successful, and even notes on your emotions. Looking Forward and Join Free MCX Crude Oil Tips, MCX Commodity Trading Trial! Call at 9814289955 or go through our website.
MCX Bazaar
The West Australian Football Commission (WAFC) got a second team but was not prepared to invest in that team because any investment would drain funds from other parts of the WA football system. The AFL also firmly wanted a second club in Perth to continue its growth as a truly national competition, but after seeing the Eagles play in three and win two of the five Grand Finals between 1990 and 1994, rival clubs were loathe to allow recruiting concessions that might create a second western juggernaut. Hence, the Dockers were not well resourced and light on for talent, left to fend for themselves and somehow expected to make money from day one. By the time the AFL established new clubs on the Gold Coast and in western Sydney nearly 20 years later, they had learned from previous mistakes and invested in those clubs to give them the best chance of success. The support and concessions those clubs received were phenomenal compared to Fremantle’s.
Matthew Pavlich (Purple Heart)
Yes, breadth of experience is likely necessary and desirable when you're young - after all, you have to go out there and discover what seems worth investing yourself in. But depth is where the gold is buried. And you have to stay committed to something and go deep to dig it up. That's true in relationships, in a career, in building a great lifestyle - in everything.
Mark Manson (The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life)
Instead, vaccines would have to endure the years-long delays that have always accompanied methodical safety and efficacy testing, and that would mean less profits, more uncertainty, longer runways to market, and a disappointing end to the lucrative COVID-19 vaccine gold rush. Dr. Fauci has invested $6 billion in taxpayer lucre in the Moderna vaccine alone.3 His agency is co-owner4 of the patent and stands to collect a fortune in royalties. At least four of Fauci’s hand-picked deputies are in line to collect royalties of $150,000/year based on Moderna’s success, and that’s on top of the salaries already paid by the American public.5,6
Robert F. Kennedy Jr. (The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health)
Mavis is getting married. To a sweaty old investment banker. I'm pretty sure he has a heart condition, and she's making him train for the New York City Marathon with her.
Amy E. Reichert (The Kindred Spirits Supper Club)
Now, President Bush was essentially admitting that money—the thing the government had promised to keep safe—had jumped the fence. The dollars people had invested in money-market funds were no longer investments that people might or might not get back. They were now money, guaranteed by the United States, just like money in the bank or a gold coin in a locked box guarded by a soldier with a gun.
Jacob Goldstein (Money: The True Story of a Made-Up Thing)
Nothing is more beautiful than an investment. Earn money while you sleep. At the same time, you should be prepared to deal with any loss or risk that may arise along the way.
Mwanandeke Kindembo
Why the correlation between popular interest and subsequent low returns? Simple: Driving the price of any asset higher requires the entry of new buyers, and when everyone is invested in stocks, real estate, or gold, there’s no one left to join the party; the entry of naïve, inexperienced investors usually signals the end.
William J. Bernstein (If You Can: How Millennials Can Get Rich Slowly)