We have heard a lot about gold, as jewellery, gold coins, bars. But gold is money in itself, it is a safe haven for your investment portfolio. The best thing about gold is it rises when the stocks are falling, which gives the investment mix a support that is certain to stay. All your paper money is backed by gold, and hence, we can safely say that gold is literally money.
Here are some of the most worthy quotes ever made by intellectuals, investors, and philosophers about precious metal, gold:
Gold is no longer an investment. Gold is no longer a portfolio item. Gold is certainly not a trading vehicle. Gold is your lifeline and I mean that literally.
– Jim Sinclair
I believe in the golden rule – The man with the gold…Rules
– Mr. T
No gold glitters like that which is our own.
– Eliza Cook
Because gold is honest money it is disliked by dishonest men.
– Ron Paul
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.
– Alan Greenspan