--- title: "Meaning & Key Takeaway of: He who bets on governments and government…" description: "\"He who bets on governments and government money bets against 6,000 years of recorded human history.\" — Gary North" image: "https://sms4smile.com/quotes/i/f4d/gary-north-15454_buying-gold_he-who-bets-on-governments-and-governmen_1067880.png" --- # He who bets on governments and government money bets… ![“He who bets on governments and government money bets against 6,000 years of recorded human history.” quote by Gary North](https://sms4smile.com/quotes/i/f4d/gary-north-15454_buying-gold_he-who-bets-on-governments-and-governmen_1067880.png) [Download](https://sms4smile.com/quotes/i/f4d/gary-north-15454_buying-gold_he-who-bets-on-governments-and-governmen_1067880.png) [Open image](https://sms4smile.com/quotes/i/f4d/gary-north-15454_buying-gold_he-who-bets-on-governments-and-governmen_1067880.png) > “He who bets on governments and government money bets against 6,000 years of recorded human history.” [Gary North](https://sms4smile.com/quotes/author/gary-north/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Betting on government funding contradicts millennia of human self‑reliance and market‑driven progress. **In simple terms:** Relying on government money goes against long‑standing human independence. Key Takeaway Prioritize private initiative over public subsidies. Themes economics government history Mood critical analytical Type political economic When to use this quote - entrepreneurship - policy making - investment decisions Key Concepts libertarianism public policy market dynamics Questions to Reflect On - Is all government involvement detrimental? - When might public funding be justified? A Different Perspective Government can sometimes catalyze essential innovation. ★ ★ ★ ★ ★ No ratings yet [Buying gold](https://sms4smile.com/quotes/about/buying-gold/) [Gambling](https://sms4smile.com/quotes/about/gambling/) [Gold](https://sms4smile.com/quotes/about/gold/) [Government](https://sms4smile.com/quotes/about/government/) [History](https://sms4smile.com/quotes/about/history/) [Human history](https://sms4smile.com/quotes/about/human-history/) [Humans](https://sms4smile.com/quotes/about/humans/) [Inspirational](https://sms4smile.com/quotes/about/inspirational/) [Money](https://sms4smile.com/quotes/about/money/) [Politics](https://sms4smile.com/quotes/about/politics/) ## Related quotes > [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/) > [“The race is not always to the swift, nor the battle to the strong, but that's how the smart money bets.”](https://sms4smile.com/quotes/damon-runyon/the-race-is-not-always-to-the-swift-nor-the-battle-to-the-strong-but/) [Damon Runyon](https://sms4smile.com/quotes/author/damon-runyon/) > [“In the penultimate stages of writing this book, the date of the great exodus from Africa may have shifted more than 10,000 years earlier…](https://sms4smile.com/quotes/adam-rutherford/in-the-penultimate-stages-of-writing-this-book-the-date-of-the-great/) [Adam Rutherford](https://sms4smile.com/quotes/author/adam-rutherford/) > [“The biggest revolution of the past 50,000 years of human history was not the advent of the Internet, the growth of the industrial age…](https://sms4smile.com/quotes/spencer-wells/the-biggest-revolution-of-the-past-50-000-years-of-human-history-was/) [Spencer Wells](https://sms4smile.com/quotes/author/spencer-wells/) > [After 5,000 years of recorded human history, you wonder, what part of 2,000,000 sunrises doesn't a pessimist understand?](https://sms4smile.com/quotes/robert-breault/after-5-000-years-of-recorded-human-history-you-wonder-what-part-of-2/) [Robert Breault](https://sms4smile.com/quotes/author/robert-breault/) > [Over 10,000 years of human history, I suppose it's been proven that there is an appeal to the idea of having a family. Just…](https://sms4smile.com/quotes/ron-mael/over-10-000-years-of-human-history-i-suppose-it-s-been-proven-that/) [Ron Mael](https://sms4smile.com/quotes/author/ron-mael/) > [Original sin is the only doctrine that's been empirically validated by 2,000 years of human history.](https://sms4smile.com/quotes/gilbert-k-chesterton/original-sin-is-the-only-doctrine-that-s-been-empirically-validated/) [Gilbert K. Chesterton](https://sms4smile.com/quotes/author/gilbert-k-chesterton/) > [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/) > [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/) > [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/) > [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/) > [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/) > [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/) > [Buy gold and sit on it. That is the key to success.](https://sms4smile.com/quotes/franz-pick/buy-gold-and-sit-on-it-that-is-the-key-to-success/) Franz Pick > [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/) ## More by Gary North > [And he that blasphemeth the name of the Lord, he shall surely be put to death, and all the congregation shall certainly stone him.](https://sms4smile.com/quotes/gary-north/and-he-that-blasphemeth-the-name-of-the-lord-he-shall-surely-be-put/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [Christians are supposed to love each other. Communists are supposed to share bonds with all proletarians and other communists. Every ideological group proclaims universality,…](https://sms4smile.com/quotes/gary-north/christians-are-supposed-to-love-each-other-communists-are-supposed-to/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [Is Christianity just another special-interest group, clawing for political power? Or, even if Christians are acting as God's spokesmen, must Christians always conduct themselves…](https://sms4smile.com/quotes/gary-north/is-christianity-just-another-special-interest-group-clawing-for/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [Socialism is simply Communism for people without the testosterone to man the barricades.](https://sms4smile.com/quotes/gary-north/socialism-is-simply-communism-for-people-without-the-testosterone-to/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [“A state that claims to be a savior of mankind necessarily becomes the final judge of mankind.”](https://sms4smile.com/quotes/gary-north/a-state-that-claims-to-be-a-savior-of-mankind-necessarily-becomes-the/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [Karl Marx was the foremost hater and most incessant whiner in the history of Western Civilization. He was a spoiled, overeducated brat who never…](https://sms4smile.com/quotes/gary-north/karl-marx-was-the-foremost-hater-and-most-incessant-whiner-in-the/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [Do you really believe that the Lord Jesus Christ, the Lord of glory, plans to be a loser in history?](https://sms4smile.com/quotes/gary-north/do-you-really-believe-that-the-lord-jesus-christ-the-lord-of-glory/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [The question eventually must be raised: Is it a criminal offense to take the name of the Lord in vain? When people curse their…](https://sms4smile.com/quotes/gary-north/the-question-eventually-must-be-raised-is-it-a-criminal-offense-to/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [What the ten commandments set forth is a strategy. This strategy is a strategy for dominion.](https://sms4smile.com/quotes/gary-north/what-the-ten-commandments-set-forth-is-a-strategy-this-strategy-is-a/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [All long-term social change comes from the successful efforts of one or another struggling organizations to capture the minds of a hard core of…](https://sms4smile.com/quotes/gary-north/all-long-term-social-change-comes-from-the-successful-efforts-of-one/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [Satan cannot win. Why not? Because he has denied God's sovereignty and disobeyed God's law. But Moses was told explicitly, God's blessings come only…](https://sms4smile.com/quotes/gary-north/satan-cannot-win-why-not-because-he-has-denied-god-s-sovereignty-and/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [God is in charge, waiting for His people to challenge the rulers of the earth and take the steering wheel from them, ... the…](https://sms4smile.com/quotes/gary-north/god-is-in-charge-waiting-for-his-people-to-challenge-the-rulers-of/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [Thou shalt not steal, except by majority vote.](https://sms4smile.com/quotes/gary-north/thou-shalt-not-steal-except-by-majority-vote/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [“The trouble is, nobody knows exactly how the world really works. We are all fallible people with limited knowledge. It is only through Biblical…](https://sms4smile.com/quotes/gary-north/the-trouble-is-nobody-knows-exactly-how-the-world-really-works-we-are/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) > [The politics of envy is the politics of this commandment: "Thou shalt not steal, except by majority vote." It is the politics of two…](https://sms4smile.com/quotes/gary-north/the-politics-of-envy-is-the-politics-of-this-commandment-thou-shalt/) [Gary North](https://sms4smile.com/quotes/author/gary-north/) [Explore all 43 Gary North quotes ](https://sms4smile.com/quotes/author/gary-north/) ## 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/) > [Buy gold and sit on it. That is the key to success.](https://sms4smile.com/quotes/franz-pick/buy-gold-and-sit-on-it-that-is-the-key-to-success/) Franz Pick > [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/) > [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": "He who bets on governments and government money bets against 6,000 years of recorded human history.", "creator": { "@type": "Person", "name": "Gary North" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/gary-north/he-who-bets-on-governments-and-government-money-bets-against-6-000/", "about": { "@type": "Thing", "name": "Buying gold" }, "@id": "https://sms4smile.com/quotes/gary-north/he-who-bets-on-governments-and-government-money-bets-against-6-000/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f4d/gary-north-15454_buying-gold_he-who-bets-on-governments-and-governmen_1067880.png", "contentUrl": "https://sms4smile.com/quotes/i/f4d/gary-north-15454_buying-gold_he-who-bets-on-governments-and-governmen_1067880.png", "url": "https://sms4smile.com/quotes/i/f4d/gary-north-15454_buying-gold_he-who-bets-on-governments-and-governmen_1067880.png", "width": 1080, "height": 1080, "caption": "“He who bets on governments and government money bets against 6,000 years of recorded human history.” — Gary North", "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": "Gary North", "item": "https://sms4smile.com/quotes/author/gary-north/" }, { "@type": "ListItem", "position": 4, "name": "He who bets on governments and...", "item": "https://sms4smile.com/quotes/gary-north/he-who-bets-on-governments-and-government-money-bets-against-6-000/" } ], "@id": "https://sms4smile.com/quotes/gary-north/he-who-bets-on-governments-and-government-money-bets-against-6-000/#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 } } ] } ```