10 Quotes by James Rickards

Gold is the world's least understood asset class. Confusion arises because gold is traded like a commodity, yet gold is not a commodity, it is money.

Central banks and finance ministries do not hold copper, aluminum, or steel supplies, yet they hold gold. The only explanation for central bank gold hoards is the obvious one - gold is money.

Higher prices are the symptom, not the cause, of currency collapse.

Developed economies are engaged in a long-term global effort to force all savers into digital accounts at one of a small number of megabanks. This process resembles herding pigs into a pen before they are slaughtered. Savers will get slaughtered with negative interest rates, fees, taxes, confiscation and account freezes when the time comes.

Money in the bank is not money – it is an unsecured liability of an occasional insolvent financial institution.

A gold standard can work fine, so long as governments set gold's price on an analytic rather than political basis.

A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation.

Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.

The gross size of all bank derivatives positions now exceeds $650 trillion, more than nine times global GDP.