--- title: "3 Central bank Quotes By Peter Schiff" description: "3 Central bank quotes by Peter Schiff. Plus more from Peter Schiff and more Central bank sayings from other authors." image: "https://sms4smile.com/quotes/i/70b/peter-schiff-8095_central-bank_central-banks-are-choosing-to-increase-t_244230.jpg" --- > [Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason…](https://sms4smile.com/quotes/peter-schiff/central-banks-are-choosing-to-increase-their-gold-holdings-as-a/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) [Image](https://sms4smile.com/quotes/i/70b/peter-schiff-8095_central-bank_central-banks-are-choosing-to-increase-t_244230.jpg) > [Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the…](https://sms4smile.com/quotes/peter-schiff/miners-produce-the-bullion-if-there-is-going-to-be-more-demand-for/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) [Image](https://sms4smile.com/quotes/i/df2/peter-schiff-8095_central-bank_miners-produce-the-bullion-if-there-is-g_1363180.jpg) > [Yes, when they're buying there are more buyers in the market and that's supportive of the price. The more buyers you have,…](https://sms4smile.com/quotes/peter-schiff/yes-when-they-re-buying-there-are-more-buyers-in-the-market-and-that/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) [Image](https://sms4smile.com/quotes/i/6c3/peter-schiff-8095_central-bank_yes-when-they-re-buying-there-are-more-b_2407975.png) ## Other authors on Central bank - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b005/author-ben-bernanke-16920.jpg) Ben Bernanke 18 quotes ](https://sms4smile.com/quotes/about/central-bank/ben-bernanke/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b018/author-milton-friedman-68333.jpg) Milton Friedman 11 quotes ](https://sms4smile.com/quotes/about/central-bank/milton-friedman/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b024/author-vladimir-putin-94037.jpg) Vladimir Putin 10 quotes ](https://sms4smile.com/quotes/about/central-bank/vladimir-putin/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b012/author-janet-yellen-47237.jpg) Janet Yellen 7 quotes ](https://sms4smile.com/quotes/about/central-bank/janet-yellen/) - [Elvira Nabiullina 6 quotes](https://sms4smile.com/quotes/about/central-bank/elvira-nabiullina/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b003/author-alan-greenspan-10313.jpg) Alan Greenspan 6 quotes ](https://sms4smile.com/quotes/about/central-bank/alan-greenspan/) - [Jerome Powell 5 quotes](https://sms4smile.com/quotes/about/central-bank/jerome-powell/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b010/author-george-soros-37989.jpg) George Soros 5 quotes ](https://sms4smile.com/quotes/about/central-bank/george-soros/) ## More by Peter Schiff > [Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is…](https://sms4smile.com/quotes/peter-schiff/most-paper-money-initially-existed-as-a-substitute-for-gold-that-s/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen…](https://sms4smile.com/quotes/peter-schiff/perhaps-the-most-important-reason-to-be-skeptical-of-government/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency.…](https://sms4smile.com/quotes/peter-schiff/when-the-dollar-collapses-it-s-not-doing-it-in-a-vacuum-if-the-dollar/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Every time the market has corrected, since 2008, it's always been the Fed that's made the bottom. The Fed has always saved the market…](https://sms4smile.com/quotes/peter-schiff/every-time-the-market-has-corrected-since-2008-it-s-always-been-the/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [“Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions.”](https://sms4smile.com/quotes/peter-schiff/boom-bust-cycles-are-not-inevitable-and-would-not-occur-were-it-not/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [We had a very upwardly mobile economy, and that peaked around the 1950s when the typical middle-class American family consisted of a father with…](https://sms4smile.com/quotes/peter-schiff/we-had-a-very-upwardly-mobile-economy-and-that-peaked-around-the/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.](https://sms4smile.com/quotes/peter-schiff/printing-money-creates-inflation-which-weakens-an-economy/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [The fiat-based system has produced enormous global imbalances that are straining the global economy. Ultimately, I think the whole thing gives way and what…](https://sms4smile.com/quotes/peter-schiff/the-fiat-based-system-has-produced-enormous-global-imbalances-that/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do…](https://sms4smile.com/quotes/peter-schiff/central-banks-are-choosing-to-increase-their-gold-holdings-as-a/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the…](https://sms4smile.com/quotes/peter-schiff/once-the-government-runs-out-of-foreign-and-private-sector-bidders/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [The real bubble in China is in US Treasuries, in US dollars.](https://sms4smile.com/quotes/peter-schiff/the-real-bubble-in-china-is-in-us-treasuries-in-us-dollars/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It…](https://sms4smile.com/quotes/peter-schiff/my-mother-always-taught-me-that-two-wrongs-don-t-make-a-right-we/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [The one place that bitcoins seem to be used as money is in crime.](https://sms4smile.com/quotes/peter-schiff/the-one-place-that-bitcoins-seem-to-be-used-as-money-is-in-crime/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Gold has worked for thousands of years, but now with the Internet, it works even better.](https://sms4smile.com/quotes/peter-schiff/gold-has-worked-for-thousands-of-years-but-now-with-the-internet-it/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Most governments, not all of them, but most, certainly don't want their citizens using gold. They want them in the currency that they are…](https://sms4smile.com/quotes/peter-schiff/most-governments-not-all-of-them-but-most-certainly-don-t-want-their/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/central-bank/peter-schiff/#itemlist", "name": "3 Central bank Quotes By Peter Schiff", "numberOfItems": 3, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do that. It doesn't make sense to back up one currency with a hoard of other paper currencies. There needs to be a real anchor there. I think that central banks are well behind the curve. If you look at the percentage of above-ground gold controlled by central banks, it's historically low. 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So if you are very bullish like I am and think there is going to be a big increase in gold, it's a huge opportunity for miners.", "creator": { "@type": "Person", "name": "Peter Schiff" }, "url": "https://sms4smile.com/quotes/peter-schiff/miners-produce-the-bullion-if-there-is-going-to-be-more-demand-for/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/df2/peter-schiff-8095_central-bank_miners-produce-the-bullion-if-there-is-g_1363180.jpg", "contentUrl": "https://sms4smile.com/quotes/i/df2/peter-schiff-8095_central-bank_miners-produce-the-bullion-if-there-is-g_1363180.jpg", "url": "https://sms4smile.com/quotes/i/df2/peter-schiff-8095_central-bank_miners-produce-the-bullion-if-there-is-g_1363180.jpg", "width": 1080, "height": 1080, "caption": "“Miners produce the bullion. 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Now it's a tailwind that central banks are joining the buyers.", "creator": { "@type": "Person", "name": "Peter Schiff" }, "url": "https://sms4smile.com/quotes/peter-schiff/yes-when-they-re-buying-there-are-more-buyers-in-the-market-and-that/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/6c3/peter-schiff-8095_central-bank_yes-when-they-re-buying-there-are-more-b_2407975.png", "contentUrl": "https://sms4smile.com/quotes/i/6c3/peter-schiff-8095_central-bank_yes-when-they-re-buying-there-are-more-b_2407975.png", "url": "https://sms4smile.com/quotes/i/6c3/peter-schiff-8095_central-bank_yes-when-they-re-buying-there-are-more-b_2407975.png", "width": 1080, "height": 1080, "caption": "“Yes, when they're buying there are more buyers in the market and that's supportive of the price. 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