--- title: "Meaning & Key Takeaway of: Buy gold and sit on it. That is the key…" description: "\"Buy gold and sit on it. That is the key to success.\" — Franz Pick" image: "https://sms4smile.com/quotes/i/079/franz-pick-70325_buying-gold_buy-gold-and-sit-on-it-that-is-the-key-t_127639.jpg" --- # Buy gold and sit on it. That is the key to success. ![“Buy gold and sit on it. That is the key to success.” quote by Franz Pick](https://sms4smile.com/quotes/i/079/franz-pick-70325_buying-gold_buy-gold-and-sit-on-it-that-is-the-key-t_127639.jpg) [Download](https://sms4smile.com/quotes/i/079/franz-pick-70325_buying-gold_buy-gold-and-sit-on-it-that-is-the-key-t_127639.jpg) [Open image](https://sms4smile.com/quotes/i/079/franz-pick-70325_buying-gold_buy-gold-and-sit-on-it-that-is-the-key-t_127639.jpg) > “Buy gold and sit on it. That is the key to success.” Franz Pick ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investing in gold and holding it is presented as a simple path to wealth. **In simple terms:** Holding gold is suggested as a key to success. Key Takeaway Consider gold as a long‑term asset. Themes finance investment wealth building Mood cautious optimistic Type financial advisory When to use this quote - personal finance - retirement planning Key Concepts asset preservation inflation hedge Practical Applications - Allocate a portion of portfolio to gold. Questions to Reflect On - Is gold a reliable wealth‑building tool? - What risks accompany holding gold? A Different Perspective Gold may not outperform other assets. ★ ★ ★ ★ ★ No ratings yet [Buying gold](https://sms4smile.com/quotes/about/buying-gold/) [Gold](https://sms4smile.com/quotes/about/gold/) [Key to success](https://sms4smile.com/quotes/about/key-to-success/) [Success](https://sms4smile.com/quotes/about/success/) ## Related quotes > [When I was on tour, people would say "We don't need a value-based currency, we can go out and buy gold and silver with…](https://sms4smile.com/quotes/bernard-von-nothaus/when-i-was-on-tour-people-would-say-we-don-t-need-a-value-based/) [Bernard von NotHaus](https://sms4smile.com/quotes/author/bernard-von-nothaus/) > [“My advice to you, my violent friend, is to seek out gold and sit on it.”](https://sms4smile.com/quotes/john-gardner/my-advice-to-you-my-violent-friend-is-to-seek-out-gold-and-sit-on-it/) [John Gardner](https://sms4smile.com/quotes/author/john-gardner/) > [Find a pile of gold and sit on it.](https://sms4smile.com/quotes/john-gardner/find-a-pile-of-gold-and-sit-on-it/) [John Gardner](https://sms4smile.com/quotes/author/john-gardner/) > [I'm just collecting gold presents, which is more fun, actually, than buying gold.](https://sms4smile.com/quotes/irina-shayk/i-m-just-collecting-gold-presents-which-is-more-fun-actually-than/) [Irina Shayk](https://sms4smile.com/quotes/author/irina-shayk/) > [The key to success is to develop a winning edge.](https://sms4smile.com/quotes/brian-tracy/the-key-to-success-is-to-develop-a-winning-edge/) [Brian Tracy](https://sms4smile.com/quotes/author/brian-tracy/) > [The key to success is to be true to who you really are.](https://sms4smile.com/quotes/dan-miller/the-key-to-success-is-to-be-true-to-who-you-really-are/) [Dan Miller](https://sms4smile.com/quotes/author/dan-miller/) > [Readiness is the key to success PJD](https://sms4smile.com/quotes/patrick-joseph-dougherty/readiness-is-the-key-to-success-pjd/) Patrick Joseph Dougherty > [Failure is the key to success; each mistake teaches us something.](https://sms4smile.com/quotes/morihei-ueshiba/failure-is-the-key-to-success-each-mistake-teaches-us-something/) [Morihei Ueshiba](https://sms4smile.com/quotes/author/morihei-ueshiba/) > [“The key to success lies not in measuring the magnitude of one's suffering, but in the capacity to harness challenges as catalysts for personal…](https://sms4smile.com/quotes/erick-the-black-sheep-g/the-key-to-success-lies-not-in-measuring-the-magnitude-of-one-s/) [Erick "The Black Sheep" G](https://sms4smile.com/quotes/author/erick-the-black-sheep-g/) > [The key to success is kept in a sphere hidden in plain sight. You see it and absorb it every day. When you need…](https://sms4smile.com/quotes/brian-concepcion/the-key-to-success-is-kept-in-a-sphere-hidden-in-plain-sight-you-see/) Brian Concepcion > [The key to success is to be honest, follow your passion and not someone else's path.](https://sms4smile.com/quotes/urvashi-rautela/the-key-to-success-is-to-be-honest-follow-your-passion-and-not/) [Urvashi Rautela](https://sms4smile.com/quotes/author/urvashi-rautela/) > [Size alone is not a key to success, as we have seen recently.](https://sms4smile.com/quotes/norbert-reithofer/size-alone-is-not-a-key-to-success-as-we-have-seen-recently/) [Norbert Reithofer](https://sms4smile.com/quotes/author/norbert-reithofer/) > [Longevity is the key to success,](https://sms4smile.com/quotes/ed-seykota/longevity-is-the-key-to-success/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) > [“The key to success is playing to people’s strengths.”](https://sms4smile.com/quotes/blair-singer/the-key-to-success-is-playing-to-people-s-strengths/) [Blair Singer](https://sms4smile.com/quotes/author/blair-singer/) > [The single most important key to success is to be a good listener.](https://sms4smile.com/quotes/kelly-wearstler/the-single-most-important-key-to-success-is-to-be-a-good-listener/) [Kelly Wearstler](https://sms4smile.com/quotes/author/kelly-wearstler/) ## More by Franz Pick > [Bonds are guaranteed certificates of confiscation](https://sms4smile.com/quotes/franz-pick/bonds-are-guaranteed-certificates-of-confiscation/) Franz Pick > [It is the greenback which is unstable, and not bullion.](https://sms4smile.com/quotes/franz-pick/it-is-the-greenback-which-is-unstable-and-not-bullion/) Franz Pick > [The fate of the nation and the fate of the currency are one and the same.](https://sms4smile.com/quotes/franz-pick/the-fate-of-the-nation-and-the-fate-of-the-currency-are-one-and-the/) Franz Pick Explore all 4 Franz Pick quotes ## More Buying gold quotes > [I'm just collecting gold presents, which is more fun, actually, than buying gold.](https://sms4smile.com/quotes/irina-shayk/i-m-just-collecting-gold-presents-which-is-more-fun-actually-than/) [Irina Shayk](https://sms4smile.com/quotes/author/irina-shayk/) > [Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as…](https://sms4smile.com/quotes/alan-greenspan/deficit-spending-is-simply-a-scheme-for-the-hidden-confiscation-of/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money…](https://sms4smile.com/quotes/friedrich-august-von-hayek/with-the-exception-only-of-the-period-of-the-gold-standard/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [The history of paper money is an account of abuse, mismanagement, and financial disaster.](https://sms4smile.com/quotes/richard-ebeling/the-history-of-paper-money-is-an-account-of-abuse-mismanagement-and/) [Richard Ebeling](https://sms4smile.com/quotes/author/richard-ebeling/) > [O Gold! I still prefer thee unto paper, which makes bank credit like a bark of vapour.](https://sms4smile.com/quotes/lord-byron/o-gold-i-still-prefer-thee-unto-paper-which-makes-bank-credit-like-a/) [Lord Byron](https://sms4smile.com/quotes/author/lord-byron/) > [Gold is not overvalued at $500, and gold will not be overvalued at $1,500 or $2,000. The real money is buying gold and putting it away.](https://sms4smile.com/quotes/peter-schiff/gold-is-not-overvalued-at-500-and-gold-will-not-be-overvalued-at-1/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [He who bets on governments and government money bets against 6,000 years of recorded human history.](https://sms4smile.com/quotes/gary-north/he-who-bets-on-governments-and-government-money-bets-against-6-000/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [There are so many currency exchange rate problems that people are buying gold as a safe haven. Right now, gold looks like a safe…](https://sms4smile.com/quotes/michael-hudson/there-are-so-many-currency-exchange-rate-problems-that-people-are/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [All of the government's monetary, economic and political power, as well as its extensive propaganda machinery, will be enlisted in a constant battle to…](https://sms4smile.com/quotes/irwin-schiff/all-of-the-government-s-monetary-economic-and-political-power-as-well/) Irwin Schiff > [Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded…](https://sms4smile.com/quotes/charles-de-gaulle/betting-against-gold-is-the-same-as-betting-on-governments-he-who/) [Charles de Gaulle](https://sms4smile.com/quotes/author/charles-de-gaulle/) > [When paper money systems begin to crack at the seams, the run to gold could be explosive.](https://sms4smile.com/quotes/harry-browne/when-paper-money-systems-begin-to-crack-at-the-seams-the-run-to-gold/) [Harry Browne](https://sms4smile.com/quotes/author/harry-browne/) > [The gold standard sooner or later will return with the force and inevitability of natural law, for it is the money of freedom and…](https://sms4smile.com/quotes/hans-f-sennholz/the-gold-standard-sooner-or-later-will-return-with-the-force-and/) [Hans F. Sennholz](https://sms4smile.com/quotes/author/hans-f-sennholz/) > [Start buying gold now, regardless of the price. By acting now, you will not have to react when it's too late. Too late will…](https://sms4smile.com/quotes/robert-ringer/start-buying-gold-now-regardless-of-the-price-by-acting-now-you-will/) [Robert Ringer](https://sms4smile.com/quotes/author/robert-ringer/) > [Deficit spending is simply a scheme for the confiscation of wealth.](https://sms4smile.com/quotes/alan-greenspan/deficit-spending-is-simply-a-scheme-for-the-confiscation-of-wealth/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not…](https://sms4smile.com/quotes/ludwig-von-mises/the-gold-standard-makes-the-money-s-purchasing-power-independent-of/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) [Browse all 26 Buying gold quotes ](https://sms4smile.com/quotes/about/buying-gold/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Buy gold and sit on it. 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