Assets Quote by Peter Schiff
“People should have an escape valve for their money, their assets. If you have substantial financial assets, the government is going to confiscate the purchasing power of those assets and spend it.”
About This Quote
Warns that governments may erode the purchasing power of substantial financial assets, implying a need for protective strategies.
In simple terms: Governments can diminish asset value.
Key Takeaway
Protect your wealth.
Themes
economics
inflation
government policy
Mood
cautious
analytical
Type
financial
advice
When to use this quote
- investment strategy
- retirement planning
- tax policy
- political risk
Key Concepts
financial planning
risk management
Questions to Reflect On
- How do you safeguard assets against inflation?
- What alternatives exist to preserve purchasing power?
A Different Perspective
May overstate government actions.
![“[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013” quote by Janet Yellen](https://sms4smile.com/quotes/img-quotes/75b/janet-yellen-2828_assets_a-major-source-of-wealth-for-many-famili_2816196.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)
