As I have stated a few times the Gold Symposium was a great event. I jotted down a lot of notes and would like to share some of my favourite quotes with you. Please be aware that the quotes may not be 100% word perfect (had to write fast) but do reflect the general words of the presenter.
David Evans:
The combined value of all the worlds gold miners is less than that of global corporation, such as Exon.
Expect governments to ridicule sound money experts. They will call you a nut, a conspiracy theorist, etc. They will try and frighten you out of owning sound money.
Eric Sprott:
The supply of gold has hardly increased over the last ten years. It is currently only growing at 1.4% each year. (This is significantly less than the rate at which fiat money is being inflated away)
Exports of gold from Hong Kong to China were 57 tonnes in September 201 alone – a six fold increase.
Gold Assets only represent 1.5% of the totals world’s assets.
Louis Boulanger:
Up until August 15, 1971, there has never in history been an era when no paper currency was linked to gold.
Since 1961 the US national debt has never gone down.
If we had sound money today, gold would be at $10,000 an ounce.
Ludwig Von Mises:
There are three types of money:
1. Money that is worthless (Zimbabwe Dollars)
2. Money they will be worthless (US Dollars)
3. Real Money (Gold)
The 1980 gold price of $850, adjusted for inflation equals $7,000 per ounce
