--- title: "Meaning & Key Takeaway of: Gold has no increasing value. And if…" description: "\"Gold has no increasing value. And if you're really worried about, say, inflation rising, I would buy Spam. You know, you can eat Spam. You cannot eat g..." image: "https://sms4smile.com/quotes/i/a12/nouriel-roubini-15217_gold_gold-has-no-increasing-value-and-if-you_1659069.jpg" --- # Gold has no increasing value. And if you're really worried… ![“Gold has no increasing value. And if you're really worried about, say, inflation rising, I would buy Spam. You know, you can eat Spam. You cannot eat gold.” quote by Nouriel Roubini](https://sms4smile.com/quotes/i/a12/nouriel-roubini-15217_gold_gold-has-no-increasing-value-and-if-you_1659069.jpg) [Download](https://sms4smile.com/quotes/i/a12/nouriel-roubini-15217_gold_gold-has-no-increasing-value-and-if-you_1659069.jpg) [Open image](https://sms4smile.com/quotes/i/a12/nouriel-roubini-15217_gold_gold-has-no-increasing-value-and-if-you_1659069.jpg) > “Gold has no increasing value. And if you're really worried about, say, inflation rising, I would buy Spam. You know, you can eat Spam. You cannot eat gold.” [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Gold does not generate income and cannot be consumed, unlike consumables that provide utility during inflation. **In simple terms:** Gold is non‑consumable; Spam is edible. Key Takeaway Consider assets that offer utility in crises. Themes inflation investment consumption risk valuation Mood cautious pragmatic Type financial economic When to use this quote - personal finance - emergency budgeting - food security - wealth preservation Key Concepts real assets utility value inflation hedging Questions to Reflect On - What consumable assets could serve as practical hedges? - How does utility affect asset desirability? A Different Perspective Gold lacks cash flow, limiting its hedge effectiveness. ★ ★ ★ ★ ★ No ratings yet [Gold](https://sms4smile.com/quotes/about/gold/) [Inflation](https://sms4smile.com/quotes/about/inflation/) [Values](https://sms4smile.com/quotes/about/values/) ## Related quotes > [Entertainment works by withholding content with the purpose of increasing its value. And, when you think about it, those two are just vastly different…](https://sms4smile.com/quotes/robert-kyncl/entertainment-works-by-withholding-content-with-the-purpose-of/) [Robert Kyncl](https://sms4smile.com/quotes/author/robert-kyncl/) > [Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold…](https://sms4smile.com/quotes/alan-greenspan/nor-can-private-counterparties-restrict-supplies-of-gold-another/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [When they say inflation is bad, deflation is good, what they mean is, more money for us 1% is good; we're all for asset…](https://sms4smile.com/quotes/michael-hudson/when-they-say-inflation-is-bad-deflation-is-good-what-they-mean-is/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [I had four gold medals, but you can't eat four gold medals.](https://sms4smile.com/quotes/jesse-owens/i-had-four-gold-medals-but-you-can-t-eat-four-gold-medals/) [Jesse Owens](https://sms4smile.com/quotes/author/jesse-owens/) > [Think about spam filters; if email didnt come from someone that someone you know knows, thats an important signal, and one we could embed…](https://sms4smile.com/quotes/clay-shirky/think-about-spam-filters-if-email-didnt-come-from-someone-that/) [Clay Shirky](https://sms4smile.com/quotes/author/clay-shirky/) > [There are people who would like to get rid of minimum wage. But we have to have it, because if we didn't some people…](https://sms4smile.com/quotes/chris-rock/there-are-people-who-would-like-to-get-rid-of-minimum-wage-but-we/) [Chris Rock](https://sms4smile.com/quotes/author/chris-rock/) > [Don't spam your music to people... let the people around you share it.](https://sms4smile.com/quotes/ybn-nahmir/don-t-spam-your-music-to-people-let-the-people-around-you-share-it/) [YBN Nahmir](https://sms4smile.com/quotes/author/ybn-nahmir/) > [Anything that suffers and dies instead of us is Christ; if they didn't kill birds and fish they would have killed us. The animals…](https://sms4smile.com/quotes/margaret-atwood/anything-that-suffers-and-dies-instead-of-us-is-christ-if-they-didn-t/) [Margaret Atwood](https://sms4smile.com/quotes/author/margaret-atwood/) > [At school, I was brought up on revolting food - sausages, sausages and Spam - but at home, I had the most wonderful sponge…](https://sms4smile.com/quotes/david-blunkett/at-school-i-was-brought-up-on-revolting-food-sausages-sausages-and/) [David Blunkett](https://sms4smile.com/quotes/author/david-blunkett/) > [I remember eating in school in the years after the Second World War. Most of my friends had miserable portions of Spam with an…](https://sms4smile.com/quotes/robert-winston/i-remember-eating-in-school-in-the-years-after-the-second-world-war/) [Robert Winston](https://sms4smile.com/quotes/author/robert-winston/) > [Like most of my poems, 'Lie' has several sources: I read a very troubling book called The Sixth Extinction. I took note of the…](https://sms4smile.com/quotes/rae-armantrout/like-most-of-my-poems-lie-has-several-sources-i-read-a-very-troubling/) [Rae Armantrout](https://sms4smile.com/quotes/author/rae-armantrout/) > [“You know you’re getting somewhere as a writer when the rejection letters mean as much as spam in your inbox.”](https://sms4smile.com/quotes/jason-e-hodges/you-know-you-re-getting-somewhere-as-a-writer-when-the-rejection/) [Jason E. Hodges](https://sms4smile.com/quotes/author/jason-e-hodges/) > [My mother was making $135 a week, but she had resilience and imagination. She might take frozen vegetables, cook them with garlic, onion and…](https://sms4smile.com/quotes/anonymous/my-mother-was-making-135-a-week-but-she-had-resilience-and/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Some say the Internet is for porn but you know that in truth the Internet is for spam.”](https://sms4smile.com/quotes/charles-stross/some-say-the-internet-is-for-porn-but-you-know-that-in-truth-the/) [Charles Stross](https://sms4smile.com/quotes/author/charles-stross/) > [The difference between a stranger sending you a message that you might be interested in at a very low volume level, no repetition, just…](https://sms4smile.com/quotes/bill-gates/the-difference-between-a-stranger-sending-you-a-message-that-you/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) ## More by Nouriel Roubini > [I am not going to say I told you so, but I did.](https://sms4smile.com/quotes/nouriel-roubini/i-am-not-going-to-say-i-told-you-so-but-i-did/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [The economic costs, the financial costs, the job losses, the income losses, the fiscal costs of bailing out financial system are becoming larger and…](https://sms4smile.com/quotes/nouriel-roubini/the-economic-costs-the-financial-costs-the-job-losses-the-income/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [Technology is spurring innovation, and the so-called "demographic dividend" has brought change.](https://sms4smile.com/quotes/nouriel-roubini/technology-is-spurring-innovation-and-the-so-called-demographic/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [What is important to me is that when I write something, people listen to me. I provide my wisdom to people, whether they agree…](https://sms4smile.com/quotes/nouriel-roubini/what-is-important-to-me-is-that-when-i-write-something-people-listen/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [I believe investors should invest for the long run, so I don't buy and sell. I usually maintain the classic index of global equities,…](https://sms4smile.com/quotes/nouriel-roubini/i-believe-investors-should-invest-for-the-long-run-so-i-don-t-buy-and/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [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/) > [I love and collect contemporary art and go to all the art fairs. I love Damien Hirst and Matthew Barney. I grew up in…](https://sms4smile.com/quotes/nouriel-roubini/i-love-and-collect-contemporary-art-and-go-to-all-the-art-fairs-i/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [I think it's true that the 1 Percent or the elite are living in a world of, maybe, excessive privilege, and they don't fully…](https://sms4smile.com/quotes/nouriel-roubini/i-think-it-s-true-that-the-1-percent-or-the-elite-are-living-in-a/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [Celebrity has become a burden. There are more demands on your time. People think it is glamorous to fly places. But it is not…](https://sms4smile.com/quotes/nouriel-roubini/celebrity-has-become-a-burden-there-are-more-demands-on-your-time/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [No country can be complacent in making sure that excessive debt of the household doesn't create excesses and weaknesses in the financial system. Everything…](https://sms4smile.com/quotes/nouriel-roubini/no-country-can-be-complacent-in-making-sure-that-excessive-debt-of/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.](https://sms4smile.com/quotes/nouriel-roubini/once-you-run-current-account-deficits-you-depend-on-the-kindness-of/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [I am quite international. My background, born in Turkey. My family is a Jewish family from Iran, so I went from Turkey to Iran…](https://sms4smile.com/quotes/nouriel-roubini/i-am-quite-international-my-background-born-in-turkey-my-family-is-a/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [But in the financial markets, without proper institutional rules, there's the law of the jungle - because there's greed! There's nothing wrong with greed,…](https://sms4smile.com/quotes/nouriel-roubini/but-in-the-financial-markets-without-proper-institutional-rules-there/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [For me, geopolitical issues are becoming more important, because how can you understand economy if you don't understand geopolitics? People think economists just deal…](https://sms4smile.com/quotes/nouriel-roubini/for-me-geopolitical-issues-are-becoming-more-important-because-how/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [I think globalization actually maintains and fosters various elements of national and cultural identities. I don't think everything is being homogenized. If anything, your…](https://sms4smile.com/quotes/nouriel-roubini/i-think-globalization-actually-maintains-and-fosters-various-elements/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) [Explore all 43 Nouriel Roubini quotes ](https://sms4smile.com/quotes/author/nouriel-roubini/) ## More Gold quotes > [These joys were so trifling as to be as imperceptible as grains of gold among the sand, and in moments of depression she saw…](https://sms4smile.com/quotes/leo-tolstoy/these-joys-were-so-trifling-as-to-be-as-imperceptible-as-grains-of/) [Leo Tolstoy](https://sms4smile.com/quotes/author/leo-tolstoy/) > [Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is…](https://sms4smile.com/quotes/peter-schiff/most-paper-money-initially-existed-as-a-substitute-for-gold-that-s/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [With every product, the delta between the brand and the reality determines its power over the minds of consumers, and with Trump, that delta…](https://sms4smile.com/quotes/rick-wilson/with-every-product-the-delta-between-the-brand-and-the-reality/) [Rick Wilson](https://sms4smile.com/quotes/author/rick-wilson/) > [Set the bird's wings with gold and it will never again soar in thesky.](https://sms4smile.com/quotes/rabindranath-tagore/set-the-bird-s-wings-with-gold-and-it-will-never-again-soar-in-thesky/) [Rabindranath Tagore](https://sms4smile.com/quotes/author/rabindranath-tagore/) > [A great smile is a wonderful asset, but a good heart is pure gold.](https://sms4smile.com/quotes/dolly-parton/a-great-smile-is-a-wonderful-asset-but-a-good-heart-is-pure-gold/) [Dolly Parton](https://sms4smile.com/quotes/author/dolly-parton/) > [I with borrow'd silver shine, What you see is none of mine. First I show you but a quarter, Like the bow that guards…](https://sms4smile.com/quotes/jonathan-swift/i-with-borrow-d-silver-shine-what-you-see-is-none-of-mine-first-i/) [Jonathan Swift](https://sms4smile.com/quotes/author/jonathan-swift/) > [Surely, God could have caused birds to fly with their bones made of solid gold, with their veins full of quicksilver, with their flesh…](https://sms4smile.com/quotes/galileo-galilei/surely-god-could-have-caused-birds-to-fly-with-their-bones-made-of/) [Galileo Galilei](https://sms4smile.com/quotes/author/galileo-galilei/) > [Ring out false pride in place and blood, The civic slander and the spite; Ring in the love of truth and right, Ring in…](https://sms4smile.com/quotes/alfred-the-great/ring-out-false-pride-in-place-and-blood-the-civic-slander-and-the/) [Alfred the Great](https://sms4smile.com/quotes/author/alfred-the-great/) > [Just as the setting sun turned the clouds to liquid gold.](https://sms4smile.com/quotes/michael-ende/just-as-the-setting-sun-turned-the-clouds-to-liquid-gold/) [Michael Ende](https://sms4smile.com/quotes/author/michael-ende/) > [No matter what. Wherever your mind wanders, it seems to turn up at the same Field of Dreams. It's the vision you wake up…](https://sms4smile.com/quotes/james-c-collins/no-matter-what-wherever-your-mind-wanders-it-seems-to-turn-up-at-the/) [James C. Collins](https://sms4smile.com/quotes/author/james-c-collins/) > [The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it…](https://sms4smile.com/quotes/garet-garrett/the-spectacle-of-a-great-solvent-government-paying-a-fictitious-price/) [Garet Garrett](https://sms4smile.com/quotes/author/garet-garrett/) > [Nothing good comes on a platter of gold](https://sms4smile.com/quotes/anonymous/nothing-good-comes-on-a-platter-of-gold/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [All the people in Korea are cheering me like I'm a gold medalist or something, so I have a responsibility to my country.](https://sms4smile.com/quotes/psy/all-the-people-in-korea-are-cheering-me-like-i-m-a-gold-medalist-or/) [PSY](https://sms4smile.com/quotes/author/psy/) > [All metallics are neutrals. So it is absolutely fine to mix gold and silver; you just want it to look like it has purpose.](https://sms4smile.com/quotes/stacy-london/all-metallics-are-neutrals-so-it-is-absolutely-fine-to-mix-gold-and/) [Stacy London](https://sms4smile.com/quotes/author/stacy-london/) > [He gives only the worthless gold who gives from a sense of duty.](https://sms4smile.com/quotes/james-russell-lowell/he-gives-only-the-worthless-gold-who-gives-from-a-sense-of-duty/) [James Russell Lowell](https://sms4smile.com/quotes/author/james-russell-lowell/) [Browse all 3,806 Gold quotes ](https://sms4smile.com/quotes/about/gold/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Gold has no increasing value. And if you're really worried about, say, inflation rising, I would buy Spam. You know, you can eat Spam. You cannot eat gold.", "creator": { "@type": "Person", "name": "Nouriel Roubini" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/nouriel-roubini/gold-has-no-increasing-value-and-if-you-re-really-worried-about-say/", "about": { "@type": "Thing", "name": "Gold" }, "@id": "https://sms4smile.com/quotes/nouriel-roubini/gold-has-no-increasing-value-and-if-you-re-really-worried-about-say/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a12/nouriel-roubini-15217_gold_gold-has-no-increasing-value-and-if-you_1659069.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a12/nouriel-roubini-15217_gold_gold-has-no-increasing-value-and-if-you_1659069.jpg", "url": "https://sms4smile.com/quotes/i/a12/nouriel-roubini-15217_gold_gold-has-no-increasing-value-and-if-you_1659069.jpg", "width": 1080, "height": 1080, "caption": "“Gold has no increasing value. And if you're really worried about, say, inflation rising, I would buy Spam…” — Nouriel Roubini", "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": "Nouriel Roubini", "item": "https://sms4smile.com/quotes/author/nouriel-roubini/" }, { "@type": "ListItem", "position": 4, "name": "Gold has no increasing value. And...", "item": "https://sms4smile.com/quotes/nouriel-roubini/gold-has-no-increasing-value-and-if-you-re-really-worried-about-say/" } ], "@id": "https://sms4smile.com/quotes/nouriel-roubini/gold-has-no-increasing-value-and-if-you-re-really-worried-about-say/#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 } } ] } ```