--- title: "Meaning & Key Takeaway of: Borrowers will default. Markets will…" description: "\"Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket.\" — Mike Belkin" image: "https://sms4smile.com/quotes/i/491/mike-belkin-263338_borrowers_borrowers-will-default-markets-will-coll_2162446.jpg" --- # Borrowers will default. Markets will collapse. Gold (the… ![“Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket.” quote by Mike Belkin](https://sms4smile.com/quotes/i/491/mike-belkin-263338_borrowers_borrowers-will-default-markets-will-coll_2162446.jpg) [Download](https://sms4smile.com/quotes/i/491/mike-belkin-263338_borrowers_borrowers-will-default-markets-will-coll_2162446.jpg) [Open image](https://sms4smile.com/quotes/i/491/mike-belkin-263338_borrowers_borrowers-will-default-markets-will-coll_2162446.jpg) > “Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket.” [Mike Belkin](https://sms4smile.com/quotes/author/mike-belkin/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Borrower defaults trigger market collapses; gold, seen as a safe asset, is expected to surge. **In simple terms:** Defaults cause collapse; gold rises. Key Takeaway Consider gold for protection during market stress. Themes finance gold risk market collapse default Mood cautious analytical Type Borrowers:1 Buying gold:1 Collapse:1 Default:1 Form:0 Gold:1 Investing:1 Money:1 Safe:0 Ultimate:0 Collapse Gold:0 Borrowers Default:0 Markets Collapse:0 Default Markets:0 Safe Money:0 When to use this quote - portfolio diversification - inflation hedging - financial crisis planning Key Concepts economics investment strategies Questions to Reflect On - How would you protect wealth in a downturn? - Is gold truly safe? A Different Perspective Gold may not always be safe; other assets diversify risk. ★ ★ ★ ★ ★ No ratings yet [Borrowers](https://sms4smile.com/quotes/about/borrowers/) [Borrowers Default](https://sms4smile.com/quotes/about/borrowers-default-4594187/) [Buying gold](https://sms4smile.com/quotes/about/buying-gold/) [Collapse](https://sms4smile.com/quotes/about/collapse/) [Collapse Gold](https://sms4smile.com/quotes/about/collapse-gold-4594186/) [Default](https://sms4smile.com/quotes/about/default/) [Default Markets](https://sms4smile.com/quotes/about/default-markets-4594189/) [Form](https://sms4smile.com/quotes/about/form/) [Gold](https://sms4smile.com/quotes/about/gold/) [Investing](https://sms4smile.com/quotes/about/investing/) [Markets Collapse](https://sms4smile.com/quotes/about/markets-collapse-4594188/) [Money](https://sms4smile.com/quotes/about/money/) [Safe](https://sms4smile.com/quotes/about/safe/) [Safe Money](https://sms4smile.com/quotes/about/safe-money-4594190/) [Ultimate](https://sms4smile.com/quotes/about/ultimate/) ## Related 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/) > [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/) > [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/) > [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/) > [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/) > [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](https://sms4smile.com/quotes/author/irwin-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/) > [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/) > [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/) > [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/) > [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](https://sms4smile.com/quotes/author/franz-pick/) > [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/) ## More Borrowers quotes > [I'm no innovator. If anything I'm a stealer, or borrower. I've stolen or borrowed from more people than you can shake a stick at.](https://sms4smile.com/quotes/bear-bryant/i-m-no-innovator-if-anything-i-m-a-stealer-or-borrower-i-ve-stolen-or/) [Bear Bryant](https://sms4smile.com/quotes/author/bear-bryant/) > [Control your generosity when dealing with a chronic borrower.](https://sms4smile.com/quotes/anonymous/control-your-generosity-when-dealing-with-a-chronic-borrower/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Borrowers are nearly always ill-spenders, and it is with lent money that all evil is mainly done and all unjust war protracted.](https://sms4smile.com/quotes/john-ruskin/borrowers-are-nearly-always-ill-spenders-and-it-is-with-lent-money/) [John Ruskin](https://sms4smile.com/quotes/author/john-ruskin/) > [We must remember that nothing in this world really belongs to us. At best, we are merely borrowers.](https://sms4smile.com/quotes/christopher-isherwood/we-must-remember-that-nothing-in-this-world-really-belongs-to-us-at/) [Christopher Isherwood](https://sms4smile.com/quotes/author/christopher-isherwood/) > [The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially…](https://sms4smile.com/quotes/nouriel-roubini/the-treasury-plan-is-a-disgrace-a-bailout-of-reckless-bankers-lenders/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [Human beans are for Borrowers—like bread’s for butter!](https://sms4smile.com/quotes/mary-norton/human-beans-are-for-borrowers-like-bread-s-for-butter/) [Mary Norton](https://sms4smile.com/quotes/author/mary-norton/) > [The rich is the one that rules over those of little means, and the borrower is servant to the man doing the lending.](https://sms4smile.com/quotes/solomon/the-rich-is-the-one-that-rules-over-those-of-little-means-and-the/) [Solomon](https://sms4smile.com/quotes/author/solomon/) > [Some borrowers are pretty damn good at fraud.](https://sms4smile.com/quotes/dan-gilbert/some-borrowers-are-pretty-damn-good-at-fraud/) [Dan Gilbert](https://sms4smile.com/quotes/author/dan-gilbert/) > [In surveys, many borrowers say reverse mortgages have improved their lives and provided money they needed for retirement.](https://sms4smile.com/quotes/charles-duhigg/in-surveys-many-borrowers-say-reverse-mortgages-have-improved-their/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely…](https://sms4smile.com/quotes/matt-taibbi/what-the-mortgage-bubble-was-all-about-was-big-banks-like-goldman/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [Conservatives may believe that impoverished borrowers destroyed Wall Street. But we liberals will not fool ourselves that stupid bankers sank conservatism for good.](https://sms4smile.com/quotes/thomas-frank/conservatives-may-believe-that-impoverished-borrowers-destroyed-wall/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [When a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take…](https://sms4smile.com/quotes/robert-b-anderson/when-a-bank-makes-a-loan-it-simply-adds-to-the-borrower-s-deposit/) [Robert B. Anderson](https://sms4smile.com/quotes/author/robert-b-anderson/) > [Take the whole range of imaginative literature, and we are all wholesale borrowers. In every matter that relates to invention, to use, or beauty…](https://sms4smile.com/quotes/wendell-phillips/take-the-whole-range-of-imaginative-literature-and-we-are-all/) [Wendell Phillips](https://sms4smile.com/quotes/author/wendell-phillips/) > [No gentleman can be without three copies of a book: one for show, one for use, and one for borrowers.](https://sms4smile.com/quotes/richard-heber/no-gentleman-can-be-without-three-copies-of-a-book-one-for-show-one/) [Richard Heber](https://sms4smile.com/quotes/author/richard-heber/) > [The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and…](https://sms4smile.com/quotes/mark-zandi/the-average-credit-score-of-today-s-fha-borrowers-is-higher-than-the/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) [Browse all 62 Borrowers quotes ](https://sms4smile.com/quotes/about/borrowers/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Borrowers will default. Markets will collapse. 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