Absence Quote by Irwin Schiff
“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 drive down the price of gold - but in the absence of any fundamental change in the nation's monetary, fiscal, and economic direction, simply regard any major retreat in the price of gold as an unexpected buying opportunity.”
About This Quote
Source Book: The Gold Conspiracy by Irwin Schiff, 1999
The quote warns that government actions will push gold prices down, but without real policy change, a price drop should be seen as a buying chance.
In simple terms: Government will lower gold prices; buy when they fall.
Key Takeaway
Buy gold on price drops.
Themes
economics
investment
government policy
precious metals
risk management
Mood
cautious
analytical
Type
advisory
strategic
When to use this quote
- investment strategy
- wealth preservation
- portfolio diversification
Key Concepts
Monetary policy
inflation
market manipulation
speculation
Questions to Reflect On
- Are you prepared for sudden market shifts?
- How do you assess policy risk?
A Different Perspective
The government may intervene again, causing future price volatility.
![“This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized…the worst legislative crime of the ages is perpetrated by this banking and currency bill.” quote by Charles A. Lindbergh Sr](https://sms4smile.com/quotes/img-quotes/b95/charles-a-lindbergh-sr-226834_customer_this-federal-reserve-act-establishes-the_2898079.jpg)
