Simon Mikhailovich: "Wealth is created in spurts"

[Gold] is a means to an end.  Wealth is created in spurts.  Everybody thinks that you can invest and you can generate a certain return every year in the stock market over and over and over again.  And the last 35 years have taught people potentially this kind of lesson. But in reality if you look throughout history, wealth is usually created in bursts of time.

 ~ Simon Mikhailovich, lead manager of the Tocqueville Bullion Reserve, Grant's podcast, February 3, 2019