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As we move towards 8 or 10 billion people on the planet, there's a little less gold per capita. Each one of us will continue to be fighting over an ever smaller percentage of total resources. This is not a happy thought.

I always say the next big thing will happen in unexpected places - up and coming cities that aren't necessarily boom markets.

The rise in the price of gold is a sign that capitalism has stumbled.

Probably in 2035 we will pass that mantle on to China. It will be the biggest economy in the world, and it will go way past us and way past India. Given the growth, the size, the opportunities, I don't think there's any other place in the world that can match it.

I was surprised at how cosmopolitan the Gold Rush was: prospectors were of all races, genders, and countries. I was equally surprised at how fast gold prospecting became big business.

Because, you know, resilience - if you think of it in terms of the Gold Rush, then you'd be pretty depressed right now because the last nugget of gold would be gone. But the good thing is, with innovation, there isn't a last nugget. Every new thing creates two new questions and two new opportunities.

If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold.

I think we're in the beginning of a bull market. When a bull market begins, nine months later the economy turns around.

We are looking at a future where to a first approximation, everyone is wealthy.

One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price.