--- title: "Meaning & Key Takeaway of: Miners produce the bullion. If there is…" description: "\"Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They h..." image: "https://sms4smile.com/quotes/i/df2/peter-schiff-8095_central-bank_miners-produce-the-bullion-if-there-is-g_1363180.jpg" --- # Miners produce the bullion. If there is going to be more… ![“Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am…” quote by Peter Schiff](https://sms4smile.com/quotes/i/df2/peter-schiff-8095_central-bank_miners-produce-the-bullion-if-there-is-g_1363180.jpg) [Download](https://sms4smile.com/quotes/i/df2/peter-schiff-8095_central-bank_miners-produce-the-bullion-if-there-is-g_1363180.jpg) [Open image](https://sms4smile.com/quotes/i/df2/peter-schiff-8095_central-bank_miners-produce-the-bullion-if-there-is-g_1363180.jpg) > “Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it's a huge opportunity for miners.” [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Gold miners profit from rising prices, making them a lucrative bet when demand surges from investors and banks. **In simple terms:** Higher gold prices boost miners’ profits, creating investment opportunities. Key Takeaway Consider mining stocks when bullish on gold. Themes investment commodities economics Mood analytical cautious Type financial strategic When to use this quote - portfolio diversification - inflation hedging - resource allocation Key Concepts gold demand mining profitability market cycles Questions to Reflect On - Are mining stocks sustainable long‑term? - What risks accompany gold price spikes? A Different Perspective Mining profits depend on extraction costs and environmental regulations. ★ ★ ★ ★ ★ No ratings yet [Central bank](https://sms4smile.com/quotes/about/central-bank/) [Gold](https://sms4smile.com/quotes/about/gold/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investors](https://sms4smile.com/quotes/about/investors/) [Opportunity](https://sms4smile.com/quotes/about/opportunity/) [Profit margin](https://sms4smile.com/quotes/about/profit-margin/) [Thinking](https://sms4smile.com/quotes/about/thinking/) ## Related quotes > [Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not for anything…](https://sms4smile.com/quotes/alan-greenspan/gold-unlike-all-other-commodities-is-a-currency-and-the-major-thrust/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [“We will answer their demand for a gold standard by saying to them: "You shall not press down upon the brow of labor this…](https://sms4smile.com/quotes/william-jennings-bryan/we-will-answer-their-demand-for-a-gold-standard-by-saying-to-them-you/) [William Jennings Bryan](https://sms4smile.com/quotes/author/william-jennings-bryan/) > [I'm looking towards that Olympic medal and that Olympic gold and what it's going to take to get there.](https://sms4smile.com/quotes/max-aaron/i-m-looking-towards-that-olympic-medal-and-that-olympic-gold-and-what/) [Max Aaron](https://sms4smile.com/quotes/author/max-aaron/) > [What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.](https://sms4smile.com/quotes/paul-singer/what-would-a-loss-of-confidence-in-the-dollar-actually-look-like-gold/) [Paul Singer](https://sms4smile.com/quotes/author/paul-singer/) > [I have resigned from the professional undertaking of coin flipping. I am not here to tell you where gold's going to be. I have…](https://sms4smile.com/quotes/hugh-hendry/i-have-resigned-from-the-professional-undertaking-of-coin-flipping-i/) [Hugh Hendry](https://sms4smile.com/quotes/author/hugh-hendry/) > [Farms and ranches contend with much more than quarterly reports and profit margins - the weather can wreak havoc on their quality of life…](https://sms4smile.com/quotes/ruben-hinojosa/farms-and-ranches-contend-with-much-more-than-quarterly-reports-and/) [Ruben Hinojosa](https://sms4smile.com/quotes/author/ruben-hinojosa/) > [Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market…](https://sms4smile.com/quotes/jeremy-grantham/think-how-weird-profit-margins-are-we-ve-got-high-unemployment-and/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [Production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy.…](https://sms4smile.com/quotes/immanuel-wallerstein/production-for-sale-in-a-market-in-which-the-object-is-to-realize-the/) [Immanuel Wallerstein](https://sms4smile.com/quotes/author/immanuel-wallerstein/) > [Not yet have I found any better method to prosper during the future financial chaos, which is likely to last many years, than to…](https://sms4smile.com/quotes/john-templeton/not-yet-have-i-found-any-better-method-to-prosper-during-the-future/) [John Templeton](https://sms4smile.com/quotes/author/john-templeton/) > [“Racially discriminatory policies have usually sprung from economic, political, and cultural self-interests, self-interests that are constantly changing. Politicians seeking higher office have primarily created…](https://sms4smile.com/quotes/ibram-x-kendi/racially-discriminatory-policies-have-usually-sprung-from-economic/) [Ibram X. Kendi](https://sms4smile.com/quotes/author/ibram-x-kendi/) > [Brands will increasingly handle their own e-commerce and rely less and less on local distribution partners. Why should they give away their profit margins?](https://sms4smile.com/quotes/natalie-massenet/brands-will-increasingly-handle-their-own-e-commerce-and-rely-less/) [Natalie Massenet](https://sms4smile.com/quotes/author/natalie-massenet/) > [Sure enough, as merger has followed merger, journalism has been driven further down the hierarchy of values in the huge conglomerates that dominate what…](https://sms4smile.com/quotes/bill-moyers/sure-enough-as-merger-has-followed-merger-journalism-has-been-driven/) [Bill Moyers](https://sms4smile.com/quotes/author/bill-moyers/) > [What corporations fear is the phenomenon now known, rather inelegantly, as 'commoditization.' What the term means is simply the conversion of the market for…](https://sms4smile.com/quotes/james-surowiecki/what-corporations-fear-is-the-phenomenon-now-known-rather-inelegantly/) [James Surowiecki](https://sms4smile.com/quotes/author/james-surowiecki/) > [“smaller companies with lean profit margins are simply not inclined to spend a great deal on cybersecurity.”](https://sms4smile.com/quotes/ted-koppel/smaller-companies-with-lean-profit-margins-are-simply-not-inclined-to/) [Ted Koppel](https://sms4smile.com/quotes/author/ted-koppel/) > [“The rest of the industry appears to have grown sales by 10 percent, with profits growing proportionally. This indicates that the industry-wide profit margin…](https://sms4smile.com/quotes/victor-cheng/the-rest-of-the-industry-appears-to-have-grown-sales-by-10-percent/) [Victor Cheng](https://sms4smile.com/quotes/author/victor-cheng/) ## More by Peter Schiff > [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/) > [Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen…](https://sms4smile.com/quotes/peter-schiff/perhaps-the-most-important-reason-to-be-skeptical-of-government/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency.…](https://sms4smile.com/quotes/peter-schiff/when-the-dollar-collapses-it-s-not-doing-it-in-a-vacuum-if-the-dollar/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Every time the market has corrected, since 2008, it's always been the Fed that's made the bottom. The Fed has always saved the market…](https://sms4smile.com/quotes/peter-schiff/every-time-the-market-has-corrected-since-2008-it-s-always-been-the/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [“Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions.”](https://sms4smile.com/quotes/peter-schiff/boom-bust-cycles-are-not-inevitable-and-would-not-occur-were-it-not/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [We had a very upwardly mobile economy, and that peaked around the 1950s when the typical middle-class American family consisted of a father with…](https://sms4smile.com/quotes/peter-schiff/we-had-a-very-upwardly-mobile-economy-and-that-peaked-around-the/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.](https://sms4smile.com/quotes/peter-schiff/printing-money-creates-inflation-which-weakens-an-economy/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [The fiat-based system has produced enormous global imbalances that are straining the global economy. Ultimately, I think the whole thing gives way and what…](https://sms4smile.com/quotes/peter-schiff/the-fiat-based-system-has-produced-enormous-global-imbalances-that/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do…](https://sms4smile.com/quotes/peter-schiff/central-banks-are-choosing-to-increase-their-gold-holdings-as-a/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the…](https://sms4smile.com/quotes/peter-schiff/once-the-government-runs-out-of-foreign-and-private-sector-bidders/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [The real bubble in China is in US Treasuries, in US dollars.](https://sms4smile.com/quotes/peter-schiff/the-real-bubble-in-china-is-in-us-treasuries-in-us-dollars/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It…](https://sms4smile.com/quotes/peter-schiff/my-mother-always-taught-me-that-two-wrongs-don-t-make-a-right-we/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [The one place that bitcoins seem to be used as money is in crime.](https://sms4smile.com/quotes/peter-schiff/the-one-place-that-bitcoins-seem-to-be-used-as-money-is-in-crime/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Gold has worked for thousands of years, but now with the Internet, it works even better.](https://sms4smile.com/quotes/peter-schiff/gold-has-worked-for-thousands-of-years-but-now-with-the-internet-it/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Most governments, not all of them, but most, certainly don't want their citizens using gold. They want them in the currency that they are…](https://sms4smile.com/quotes/peter-schiff/most-governments-not-all-of-them-but-most-certainly-don-t-want-their/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) [Explore all 84 Peter Schiff quotes ](https://sms4smile.com/quotes/author/peter-schiff/) ## More Central bank quotes > ['Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider…](https://sms4smile.com/quotes/paul-singer/inequality-has-become-the-political-theme-slogan-of-our-time-in-both/) [Paul Singer](https://sms4smile.com/quotes/author/paul-singer/) > [There could be some compromise, but I think we have to stick to the provisions of the treaty, and the provisions of the treaty…](https://sms4smile.com/quotes/jacques-santer/there-could-be-some-compromise-but-i-think-we-have-to-stick-to-the/) [Jacques Santer](https://sms4smile.com/quotes/author/jacques-santer/) > [There is no doubt in my mind that as central banks begin to abandon the dollar, there will be an enormous amount of monetary…](https://sms4smile.com/quotes/porter-stansberry/there-is-no-doubt-in-my-mind-that-as-central-banks-begin-to-abandon/) [Porter Stansberry](https://sms4smile.com/quotes/author/porter-stansberry/) > [Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.](https://sms4smile.com/quotes/urjit-patel/monetary-policy-transmission-encompasses-the-whole-continuum-of/) [Urjit Patel](https://sms4smile.com/quotes/author/urjit-patel/) > [The fear is that if the dollar falls below 50% of the currency basket held by commercial and central banks and insurance companies, there…](https://sms4smile.com/quotes/porter-stansberry/the-fear-is-that-if-the-dollar-falls-below-50-of-the-currency-basket/) [Porter Stansberry](https://sms4smile.com/quotes/author/porter-stansberry/) > [Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive…](https://sms4smile.com/quotes/llewellyn-rockwell/repeal-the-entire-banking-act-of-1933-and-austrian-school-economists/) [Llewellyn Rockwell](https://sms4smile.com/quotes/author/llewellyn-rockwell/) > [In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit…](https://sms4smile.com/quotes/lloyd-dorfman/in-the-old-days-we-were-the-challenger-brand-competing-against-the/) [Lloyd Dorfman](https://sms4smile.com/quotes/author/lloyd-dorfman/) > [“The Fed is still on the same track.” Whatever you call it, the benign economic environment has supported a bull market since 2009, and…](https://sms4smile.com/quotes/anonymous/the-fed-is-still-on-the-same-track-whatever-you-call-it-the-benign/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [We've delegated politics to bankers. The European Central Bank is inside Deutsche Bank, and Deutsche Bank is inside the Bundesbank.](https://sms4smile.com/quotes/beppe-grillo/we-ve-delegated-politics-to-bankers-the-european-central-bank-is/) [Beppe Grillo](https://sms4smile.com/quotes/author/beppe-grillo/) > [Believe me. When you're talking about trust in government, you're preaching to the choir, whether it's on the financial side, the central banking side:…](https://sms4smile.com/quotes/rick-santelli/believe-me-when-you-re-talking-about-trust-in-government-you-re/) [Rick Santelli](https://sms4smile.com/quotes/author/rick-santelli/) > [Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was…](https://sms4smile.com/quotes/llewellyn-rockwell/welcome-to-the-age-of-paper-money-where-governments-and-central-banks/) [Llewellyn Rockwell](https://sms4smile.com/quotes/author/llewellyn-rockwell/) > [By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds…](https://sms4smile.com/quotes/george-soros/by-creating-the-european-central-bank-the-member-states-exposed-their/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [We are privileged that the dollar is the "currency of last resort" and the most important currency in the world. Global commodities are priced…](https://sms4smile.com/quotes/kabir-sehgal/we-are-privileged-that-the-dollar-is-the-currency-of-last-resort-and/) [Kabir Sehgal](https://sms4smile.com/quotes/author/kabir-sehgal/) > [Debt, we've learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your…](https://sms4smile.com/quotes/andrew-ross-sorkin/debt-we-ve-learned-is-the-match-that-lights-the-fire-of-every-crisis/) [Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/) > [It is clear to me that the financial sector, including CNBC, loves central banks](https://sms4smile.com/quotes/marc-faber/it-is-clear-to-me-that-the-financial-sector-including-cnbc-loves/) [Marc Faber](https://sms4smile.com/quotes/author/marc-faber/) [Browse all 254 Central bank quotes ](https://sms4smile.com/quotes/about/central-bank/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it's a huge opportunity for miners.", "creator": { "@type": "Person", "name": "Peter Schiff" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/peter-schiff/miners-produce-the-bullion-if-there-is-going-to-be-more-demand-for/", "about": { "@type": "Thing", "name": "Central bank" }, "@id": "https://sms4smile.com/quotes/peter-schiff/miners-produce-the-bullion-if-there-is-going-to-be-more-demand-for/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/df2/peter-schiff-8095_central-bank_miners-produce-the-bullion-if-there-is-g_1363180.jpg", "contentUrl": "https://sms4smile.com/quotes/i/df2/peter-schiff-8095_central-bank_miners-produce-the-bullion-if-there-is-g_1363180.jpg", "url": "https://sms4smile.com/quotes/i/df2/peter-schiff-8095_central-bank_miners-produce-the-bullion-if-there-is-g_1363180.jpg", "width": 1080, "height": 1080, "caption": "“Miners produce the bullion. If there is going to be more demand for gold from investors and central banks…” — Peter Schiff", "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": "Peter Schiff", "item": "https://sms4smile.com/quotes/author/peter-schiff/" }, { "@type": "ListItem", "position": 4, "name": "Miners produce the bullion. If there...", "item": "https://sms4smile.com/quotes/peter-schiff/miners-produce-the-bullion-if-there-is-going-to-be-more-demand-for/" } ], "@id": "https://sms4smile.com/quotes/peter-schiff/miners-produce-the-bullion-if-there-is-going-to-be-more-demand-for/#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 } } ] } ```