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Quote by Moliere

“Gold makes the ugly beautiful.”

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Molière, a renowned French playwright, was born on January 15, 1622, and died on February 17, 1673. He is known for his unique comedic style and profound social satire, and is considered one of the founders of French drama. more

“That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency appreciated, and a sufficient realignment in exchange rates was realized. Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake.”

Would Be Mistake Percent Gold Dollars Rate Sufficient Currency Floating Appreciated Intervention Joints Steep Switching

Author:Paul Volcker

“It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.”

Facts Century Unique Standards Gold Objectives Tendencies Boards Stability Currency Passive Banking Inflation Nineteenth Century Central Banks Gold Standard Prominence Price Stability

Author:Paul Volcker

“Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.”

World Stills Form Gold Ultimate Accepted Payment

Author:Alan Greenspan

“I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are dealing with psychology, then the thermometers one uses to measure it have an effect. I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market. There's an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.”

Ifs Littles Use Happens Sides Interesting Issues Psychology Effects Involved Tools Gold Let Me Tables Broke Governors Measuring Treasury Thermometers Gold Price

Author:Alan Greenspan

Quote by Moliere

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