--- title: "Meaning & Key Takeaway of: There's no doubt in my mind that we'll…" description: "\"There's no doubt in my mind that we'll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will b..." image: "https://sms4smile.com/quotes/i/ab5/doug-casey-27830_dams_there-s-no-doubt-in-my-mind-that-we-ll-h_1905979.jpg" --- # There's no doubt in my mind that we'll have a mania in… ![“There's no doubt in my mind that we'll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions will go absolutely ballistic.” quote by Doug Casey](https://sms4smile.com/quotes/i/ab5/doug-casey-27830_dams_there-s-no-doubt-in-my-mind-that-we-ll-h_1905979.jpg) [Download](https://sms4smile.com/quotes/i/ab5/doug-casey-27830_dams_there-s-no-doubt-in-my-mind-that-we-ll-h_1905979.jpg) [Open image](https://sms4smile.com/quotes/i/ab5/doug-casey-27830_dams_there-s-no-doubt-in-my-mind-that-we-ll-h_1905979.jpg) > “There's no doubt in my mind that we'll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions will go absolutely ballistic.” [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Gold and silver markets are tiny, so a surge will cause extreme volatility and rapid price spikes. **In simple terms:** Small markets cause big price swings. Key Takeaway Expect extreme volatility. Themes economics investment market dynamics Mood alert cautious Type financial speculative When to use this quote - trading strategies - risk management - portfolio diversification Key Concepts speculative bubbles asset scarcity Questions to Reflect On - How will you protect your portfolio? - Are you prepared for rapid price changes? A Different Perspective Market size limits predictability. ★ ★ ★ ★ ★ No ratings yet [Doubt](https://sms4smile.com/quotes/about/doubt/) [Garden](https://sms4smile.com/quotes/about/garden/) [Gold](https://sms4smile.com/quotes/about/gold/) [Hoover Dam](https://sms4smile.com/quotes/about/hoover-dam/) [Investing](https://sms4smile.com/quotes/about/investing/) [Mania](https://sms4smile.com/quotes/about/mania/) [Mind](https://sms4smile.com/quotes/about/mind/) [Psychology](https://sms4smile.com/quotes/about/psychology/) [Silver](https://sms4smile.com/quotes/about/silver/) ## Related quotes > [I believe that there have been repeated attempts to influence prices in the silver markets. There have been fraudulent efforts to persuade and deviously…](https://sms4smile.com/quotes/bart-chilton/i-believe-that-there-have-been-repeated-attempts-to-influence-prices/) [Bart Chilton](https://sms4smile.com/quotes/author/bart-chilton/) > [Computers shouldn't be unusable. You don't need to know how to work a telephone switch to make a phone call, or how to use…](https://sms4smile.com/quotes/scott-mcnealy/computers-shouldn-t-be-unusable-you-don-t-need-to-know-how-to-work-a/) [Scott McNealy](https://sms4smile.com/quotes/author/scott-mcnealy/) > [“WHILE HOOVER DAM was under construction, California began building the Colorado River Aqueduct and Parker Dam. Arizona’s governor, Benjamin B. Moeur, viewed the dam…](https://sms4smile.com/quotes/david-owen/while-hoover-dam-was-under-construction-california-began-building-the/) [David Owen](https://sms4smile.com/quotes/author/david-owen/) > [For an economy built to last we must invest in what will fuel us for generations to come. This is our history - from…](https://sms4smile.com/quotes/cory-booker/for-an-economy-built-to-last-we-must-invest-in-what-will-fuel-us-for/) [Cory Booker](https://sms4smile.com/quotes/author/cory-booker/) > [“I went first. The card I drew was "Watergate." "Oh, come on," I said. "This is ridiculous." "Don't whine," said Carter, his grin annoyingly…](https://sms4smile.com/quotes/richelle-mead/i-went-first-the-card-i-drew-was-watergate-oh-come-on-i-said-this-is/) [Richelle Mead](https://sms4smile.com/quotes/author/richelle-mead/) > [This is our history - from the Transcontinental Railroad to the Hoover Dam, to the dredging of our ports and building of our most…](https://sms4smile.com/quotes/cory-booker/this-is-our-history-from-the-transcontinental-railroad-to-the-hoover/) [Cory Booker](https://sms4smile.com/quotes/author/cory-booker/) > [“Frankly, I'm guessing that before getting to my house today, Shoshanna had thought the Hoover Dam was some kind of vacuum cleaner attachment.”](https://sms4smile.com/quotes/elizabeth-cody-kimmel/frankly-i-m-guessing-that-before-getting-to-my-house-today-shoshanna/) [Elizabeth Cody Kimmel](https://sms4smile.com/quotes/author/elizabeth-cody-kimmel/) > [I compete with the 'Welcome To Las Vegas' sign for the number one non-gaming tourist attraction in Las Vegas. I get more visitors than…](https://sms4smile.com/quotes/rick-harrison/i-compete-with-the-welcome-to-las-vegas-sign-for-the-number-one-non/) [Rick Harrison](https://sms4smile.com/quotes/author/rick-harrison/) > [The Democrats are going to change the name of the Hoover Dam. That is the silliest thing I ever heard of in politics .…](https://sms4smile.com/quotes/will-rogers/the-democrats-are-going-to-change-the-name-of-the-hoover-dam-that-is/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [“Hoover Dam," Thalia said. "It's huge." We stood at the river's edge, looking up at a curve of concrete that loomed between the cliffs.…](https://sms4smile.com/quotes/rick-riordan/hoover-dam-thalia-said-it-s-huge-we-stood-at-the-river-s-edge-looking/) [Rick Riordan](https://sms4smile.com/quotes/author/rick-riordan/) > [The beaver told the rabbit as they stared at the Hoover Dam: No, I didn't build it myself, but it's based on an idea…](https://sms4smile.com/quotes/anonymous/the-beaver-told-the-rabbit-as-they-stared-at-the-hoover-dam-no-i-didn/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Though time management seems a problem as old as time itself, the science of scheduling began in the machine shops of the industrial revolution.…](https://sms4smile.com/quotes/brian-christian/though-time-management-seems-a-problem-as-old-as-time-itself-the/) [Brian Christian](https://sms4smile.com/quotes/author/brian-christian/) > [If gold must be gold, it must pass through the furnace.](https://sms4smile.com/quotes/t-b-joshua/if-gold-must-be-gold-it-must-pass-through-the-furnace/) [T. B. Joshua](https://sms4smile.com/quotes/author/t-b-joshua/) > [It's impossible to put into words. When you see that trophy coming towards you in the hands of the officials... the gold becomes more…](https://sms4smile.com/quotes/cafu/it-s-impossible-to-put-into-words-when-you-see-that-trophy-coming/) [Cafu](https://sms4smile.com/quotes/author/cafu/) > [It is hard to know what other way men can come to truth, to lay hold of it, if they do not dig and…](https://sms4smile.com/quotes/john-locke/it-is-hard-to-know-what-other-way-men-can-come-to-truth-to-lay-hold/) [John Locke](https://sms4smile.com/quotes/author/john-locke/) ## More by Doug Casey > [The way I see it, gold is headed over $1000 an ounce, probably much higher. At anywhere near current prices, it's the lowest risk,…](https://sms4smile.com/quotes/doug-casey/the-way-i-see-it-gold-is-headed-over-1000-an-ounce-probably-much/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [Do all that you say you are going to do and don't aggress against other people or their property. That's the whole of the…](https://sms4smile.com/quotes/doug-casey/do-all-that-you-say-you-are-going-to-do-and-don-t-aggress-against/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [So-called 'higher education' is a veritable magnet for second-raters and actively destructive parasites bent on promoting unsound ideas to the inexperienced and gullible. The…](https://sms4smile.com/quotes/doug-casey/so-called-higher-education-is-a-veritable-magnet-for-second-raters/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create…](https://sms4smile.com/quotes/doug-casey/the-time-will-come-and-probably-during-2009-that-the-only-way-the-u-s/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [They've been changing the cry from "global warming" to "climate change" because there's so little evidence there's actually any warming going on. I believe…](https://sms4smile.com/quotes/doug-casey/they-ve-been-changing-the-cry-from-global-warming-to-climate-change/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [Global warming hysterics generally have limited scientific knowledge, and of geology and meteorology in particular. Their belief is not science; it's more akin to…](https://sms4smile.com/quotes/doug-casey/global-warming-hysterics-generally-have-limited-scientific-knowledge/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [Fear is being used by the political class as an excuse to accumulate more power and self-importance - and collect a lot more taxes…](https://sms4smile.com/quotes/doug-casey/fear-is-being-used-by-the-political-class-as-an-excuse-to-accumulate/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually…](https://sms4smile.com/quotes/doug-casey/government-intervention-in-the-economy-through-taxes-regulation-and/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [People who buy government debt deserve to be punished and taught a lesson](https://sms4smile.com/quotes/doug-casey/people-who-buy-government-debt-deserve-to-be-punished-and-taught-a/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [Government sponsors untold waste, criminality and inequality in every sphere of life it touches, giving little or nothing in return.](https://sms4smile.com/quotes/doug-casey/government-sponsors-untold-waste-criminality-and-inequality-in-every/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [Global warming is the most prominent form of mass hysteria raging across the world today.](https://sms4smile.com/quotes/doug-casey/global-warming-is-the-most-prominent-form-of-mass-hysteria-raging/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [All these people who think they deserve free health care, or a job, or a plasma screen TV, simply because they radiate heat at…](https://sms4smile.com/quotes/doug-casey/all-these-people-who-think-they-deserve-free-health-care-or-a-job-or/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [The thought of how far the human race would have advanced without government simply staggers the imagination.](https://sms4smile.com/quotes/doug-casey/the-thought-of-how-far-the-human-race-would-have-advanced-without/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [Throughout history government has served as a vehicle for the organization of hatred and oppression, benefiting no one except those who are ambitious and…](https://sms4smile.com/quotes/doug-casey/throughout-history-government-has-served-as-a-vehicle-for-the/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) > [Today most funding for science comes through government. That means that you have to be known to be sympathetic to conclusions that are acceptable…](https://sms4smile.com/quotes/doug-casey/today-most-funding-for-science-comes-through-government-that-means/) [Doug Casey](https://sms4smile.com/quotes/author/doug-casey/) [Explore all 20 Doug Casey quotes ](https://sms4smile.com/quotes/author/doug-casey/) ## More Dams quotes > [The flood of photos sweeps away the dams of memory. Never before has a period known so little about itself. In the hands of…](https://sms4smile.com/quotes/siegfried-kracauer/the-flood-of-photos-sweeps-away-the-dams-of-memory-never-before-has-a/) [Siegfried Kracauer](https://sms4smile.com/quotes/author/siegfried-kracauer/) > [No man-made structure in all of American history has been hated so much, by so many, for so long, with such good reason, as…](https://sms4smile.com/quotes/edward-abbey/no-man-made-structure-in-all-of-american-history-has-been-hated-so/) [Edward Abbey](https://sms4smile.com/quotes/author/edward-abbey/) > [There comes a day of public ceremonial, and a chance to make a speech… A million voters with IQs below 60 have their ears…](https://sms4smile.com/quotes/h-l-mencken/there-comes-a-day-of-public-ceremonial-and-a-chance-to-make-a-speech/) [H. L. Mencken](https://sms4smile.com/quotes/author/h-l-mencken/) > [I started inventing things, and then I couldn't stop, like beavers, which I know about. People think they cut down trees so they can…](https://sms4smile.com/quotes/jonathan-safran-foer/i-started-inventing-things-and-then-i-couldn-t-stop-like-beavers/) [Jonathan Safran Foer](https://sms4smile.com/quotes/author/jonathan-safran-foer/) > [Never give up; for even rivers someday wash dams away.](https://sms4smile.com/quotes/arthur-golden/never-give-up-for-even-rivers-someday-wash-dams-away/) [Arthur Golden](https://sms4smile.com/quotes/author/arthur-golden/) > [All this piling up of one technology on top of another-railroad on steamboat, interstate highway on railroad, hydroelectric dam on watermill-had reduced the Mississippi…](https://sms4smile.com/quotes/jonathan-raban/all-this-piling-up-of-one-technology-on-top-of-another-railroad-on/) [Jonathan Raban](https://sms4smile.com/quotes/author/jonathan-raban/) > [When dams were erected on the Columbia, salmon battered themselves against the concrete, trying to return home. I expect no less from us. We…](https://sms4smile.com/quotes/derrick-jensen/when-dams-were-erected-on-the-columbia-salmon-battered-themselves/) [Derrick Jensen](https://sms4smile.com/quotes/author/derrick-jensen/) > [Go around asking a lot of dam fool questions and taking chances. Only through curiosity can we discover opportunities, and only by gambling can…](https://sms4smile.com/quotes/anonymous/go-around-asking-a-lot-of-dam-fool-questions-and-taking-chances-only/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The spirit of rebellion is present in every great city, and the great task of wise government is to keep it dormant, for if…](https://sms4smile.com/quotes/giacomo-casanova/the-spirit-of-rebellion-is-present-in-every-great-city-and-the-great/) [Giacomo Casanova](https://sms4smile.com/quotes/author/giacomo-casanova/) > [Tragedy can break the heart but not the dam of the tearducts while schmaltz can dissolve the most hardened sophisticate.](https://sms4smile.com/quotes/cornelia-otis-skinner/tragedy-can-break-the-heart-but-not-the-dam-of-the-tearducts-while/) [Cornelia Otis Skinner](https://sms4smile.com/quotes/author/cornelia-otis-skinner/) > [The river is of the earth and it is free. It is rigorously embanked and bound, and yet it is free. To hell with…](https://sms4smile.com/quotes/wendell-berry/the-river-is-of-the-earth-and-it-is-free-it-is-rigorously-embanked/) [Wendell Berry](https://sms4smile.com/quotes/author/wendell-berry/) > [An unspoiled river is a very rare thing in this Nation today. Their flow and vitality have been harnessed by dams and too often…](https://sms4smile.com/quotes/lyndon-b-johnson/an-unspoiled-river-is-a-very-rare-thing-in-this-nation-today-their/) [Lyndon B. Johnson](https://sms4smile.com/quotes/author/lyndon-b-johnson/) > [A direful death indeed they had That would put any parent mad But she was more than usual calm She did not give a…](https://sms4smile.com/quotes/marjorie-fleming/a-direful-death-indeed-they-had-that-would-put-any-parent-mad-but-she/) [Marjorie Fleming](https://sms4smile.com/quotes/author/marjorie-fleming/) > [The sound of water escaping from mill dams, etc., willows, old rotten planks, slimy posts, and brickwork, I love such things.](https://sms4smile.com/quotes/john-constable/the-sound-of-water-escaping-from-mill-dams-etc-willows-old-rotten/) [John Constable](https://sms4smile.com/quotes/author/john-constable/) > [But the sound of water escaping from mill-dams, &c., willows, old rotten planks, slimy posts, and brickwork, I love such things. Shakespeare could make…](https://sms4smile.com/quotes/john-constable/but-the-sound-of-water-escaping-from-mill-dams-c-willows-old-rotten/) [John Constable](https://sms4smile.com/quotes/author/john-constable/) Browse all 138 Dams quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "There's no doubt in my mind that we'll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions will go absolutely ballistic.", "creator": { "@type": "Person", "name": "Doug Casey" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/doug-casey/there-s-no-doubt-in-my-mind-that-we-ll-have-a-mania-in-gold-and/", "about": { "@type": "Thing", "name": "Dams" }, "@id": "https://sms4smile.com/quotes/doug-casey/there-s-no-doubt-in-my-mind-that-we-ll-have-a-mania-in-gold-and/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ab5/doug-casey-27830_dams_there-s-no-doubt-in-my-mind-that-we-ll-h_1905979.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ab5/doug-casey-27830_dams_there-s-no-doubt-in-my-mind-that-we-ll-h_1905979.jpg", "url": "https://sms4smile.com/quotes/i/ab5/doug-casey-27830_dams_there-s-no-doubt-in-my-mind-that-we-ll-h_1905979.jpg", "width": 1080, "height": 1080, "caption": "“There's no doubt in my mind that we'll have a mania in gold. And because the gold and especially silver…” — Doug Casey", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Doug Casey", "item": "https://sms4smile.com/quotes/author/doug-casey/" }, { "@type": "ListItem", "position": 4, "name": "There's no doubt in my mind...", "item": "https://sms4smile.com/quotes/doug-casey/there-s-no-doubt-in-my-mind-that-we-ll-have-a-mania-in-gold-and/" } ], "@id": "https://sms4smile.com/quotes/doug-casey/there-s-no-doubt-in-my-mind-that-we-ll-have-a-mania-in-gold-and/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```