Assets Quote by James Dale Davidson
“Place 5 percent to 10 percent of your total assets in gold bullion and selected gold and silver coins. No one knows with certainty whether the coming depression will be inflationary or deflationary.”
About This Quote
Source Book: The Great Depression of 2020, 2009
Diversify assets with precious metals as hedge against uncertain inflation or deflation.
In simple terms: Gold can protect wealth in economic crises.
Key Takeaway
Allocate a modest portion to gold.
Themes
finance
risk management
investment
Mood
cautious
pragmatic
Type
financial
advisory
When to use this quote
- retirement planning
- wealth preservation
- economic downturns
Key Concepts
inflation hedging
portfolio diversification
Questions to Reflect On
- What proportion of your portfolio feels comfortable for you?
- How do you balance liquidity with safety?
A Different Perspective
Gold prices can be volatile and may not always outperform other assets.
![“Experience, however, shows that neither a state nor a bank ever have [sic] had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of…” quote by David Ricardo](https://sms4smile.com/quotes/img-quotes/efc/david-ricardo-9461_all-state_experience-however-shows-that-neither-a_1285424.jpg)
![“[When I die], I will decidedly not be regretting missed opportunities for a good time. My regrets will be more along the lines of a sad list of people hurt, people let down, assets wasted and advantages squandered.” quote by Anthony Bourdain](https://sms4smile.com/quotes/img-quotes/ba3/anthony-bourdain-649_advantage_when-i-die-i-will-decidedly-not-be-regre_24502.jpg)
