---
title: "1 Internet Works Quotes By Peter Schiff"
description: "1 Internet Works quotes by Peter Schiff. Plus more from Peter Schiff and more Internet Works sayings from other authors."
image: "https://sms4smile.com/quotes/i/b99/peter-schiff-8095_better_gold-has-worked-for-thousands-of-years-b_578899.png"
---

> [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/)

[Image](https://sms4smile.com/quotes/i/b99/peter-schiff-8095_better_gold-has-worked-for-thousands-of-years-b_578899.png)

## 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/)

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