Millionaires don't have astrologers, billionaires do.
J. P. MorganRead
Gold is money and nothing else.
Interpretation
Gold represents a universal form of wealth and value, extending beyond mere material existence.
J. P. Morgan's quote emphasizes the idea that gold is not just a precious metal but a form of currency that holds value in economic systems. It suggests that gold's significance lies in its historical role as a standard of wealth and trade, reflecting its enduring status in monetary systems as a reliable and stable asset compared to other forms of currency.
In practice
In a financial seminar discussing asset allocation, you could quote J. P. Morgan to emphasize the importance of investing in gold.
Millionaires don't have astrologers, billionaires do.
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Well, I don't know as I want a lawyer to tell me what I cannot do. I hire him to tell how to do what I want to do.
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Never pay the slightest attention to what a company president ever says about his stock.
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