Desperate Quote by Jeremy Grantham
“I hate gold. It does not pay a dividend, it has no value, and you can't work out what it should or shouldn't be worth," he said. "It is the last refuge of the desperate.”
About This Quote
Source Interview: CNBC, 2020
Gold offers no income, lacks intrinsic value, and its price is speculative, making it a refuge for the desperate.
In simple terms: Gold is a risky, non‑productive investment.
Key Takeaway
Consider assets that generate cash flow.
Themes
investment
risk
speculation
value
desperation
Mood
cautious
critical
Type
financial
analytical
When to use this quote
- portfolio diversification
- retirement planning
- wealth preservation
- financial education
Key Concepts
Monetary theory
behavioral finance
Questions to Reflect On
- Do you rely on non‑yielding assets?
- What alternatives provide both security and income?
A Different Perspective
Gold can act as a hedge in extreme scenarios despite its drawbacks.
