Best gold & commodity Quotes | Short & Famous Sayings

“When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser's country, since these are of value only in the country of issue.”

Country Values Issues Gold Paid Notes Checks Goods Commodity Certificates Purchasers

Book:Tragedy and Hope: A History of the World in Our Time

Source: Tragedy and Hope: A History of the World in Our Time

“Gold is now money with reference to all other commodities only because it was previously, with reference to them, a simple commodity.”

Simple Gold Commodity

Book:Capital: A Critique of Political Economy. Volume I: The Economist

Source: Capital: A Critique of Political Economy. Volume I: The Economist

“Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.”

Should Ready Gold Quantity Commodity Supplies Central Banks Derivatives Lease

Author:Alan Greenspan

“Because silver and gold have their value from the matter itself, they have first this privilege, that the value of them cannot be altered by the power of one, nor of a few commonwealths, as being a common measure of the commodities of all places. But base money may easily be enhanced or abased.”

Firsts May Matter Values Common Gold Privilege Silver Commodity Altered Commonwealth Power Of One

Book:Leviathan - Revised Edition

Source: Leviathan - Revised Edition

“The utility, or intrinsic value of gold as a commodity is now considerably less than in the past; its monetary status has become extraordinarily ambiguous; and its future is highly uncertain.”

Past Values Gold Uncertain Commodity Utility Monetary Ambiguous Intrinsic Value

Author:Benjamin Graham

“It has therefore been justly observed that however honestly the coin of a country may conform to its standard, money made of gold and silver is still liable to fluctuations in value, not only to accidental, and temporary, but to permanent and natural variations, in the same manner as other commodities.”

May Made Stills Country Values Natural Standards Gold Honestly Permanent Silver Temporary Commodity Conform Coins Variation Liable Fluctuation Gold And Silver

Book:The Works of David Ricardo ...

Source: The Works of David Ricardo ...

“Society established gold and silver as a circulating medium and as a legal tender in order that exchanges of commodities might be facilitated; but society blundered in so doing; for, by this very act, it gave to a certain class of men the power of saying what exchanges shall, and what exchanges shall not, be facilitated by means of this very circulating medium. The monopolizers of othe precious metals have an undue power over the community: they can say whether money shall, or shall not, be permitted to exercise its legitimate functions.”

Men Mean Might Certain Order Community Class Exercise Gold Function Mediums Silver Metals Commodity Gold And Silver Precious Metal

Book:Socialistic, Communistic, Mutualistic, and Financial Fragments

Source: Socialistic, Communistic, Mutualistic, and Financial Fragments

“These are the lords That have bought titles: men may merchandise Wares, ay and traffic in all commodities From sea to sea, and from shore to shore: But in my thought, of all things that are sold, 'Tis pity honor should be bought for gold: It cuts off all desert.”

Men Should May Lord Cutting Sea Honor All Things Gold Pity Desert Titles Shore Traffic Commodity My Thoughts Merchandise

Author:Eliza Haywood

“Christ is a most precious commodity, he is better than rubies or the most costly pearls; and we must part with our old gold, with our shining gold, our old sins, our most shining sins, or we must perish forever. Christ is to be sought and bought with any pains, at any price; we can not buy this gold too dear. He is a jewel more worth than a thousand worlds, as all know who have him. Get him, and get all; miss him and miss all.”

Knows World Pain Christ Sin Forever Missing Thousand Gold Shining Dear Commodity Can Not Pearls Jewels Rubies

Book:Smooth stones taken from ancient brooks, by C.H. Spurgeon, a collection of sayings from the works of T. Brooks

Source: Smooth stones taken from ancient brooks, by C.H. Spurgeon, a collection of sayings from the works of T. Brooks

“Time is the most valuable commodity we have, worth more than gold, yet wasted more than all else. Efficient use of time begins with prayer.”

Use Prayer Gold Valuable Efficient Commodity Use Of Time

Book:Tweet Inspiration: Faith in 140 Characters (or Less)

Source: Tweet Inspiration: Faith in 140 Characters (or Less)

“Comedians are a much rarer and far more valuable commodity than all the gold and precious stones in the world.”

World Stones Gold Valuable Comedian Commodity Precious Stones

Book:Groucho And Me

Source: Groucho And Me

“Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.”

Values Produce Mines Gold Finance Dependent Labour Silver Quantity Commodity Employed Arbitrary Scarcity Intrinsic Value Gold And Silver

Book:The Works of David Ricardo ...

Source: The Works of David Ricardo ...

“The essence of capitalism is to turn nature into commodities and commodities into capital. The live green earth is transformed into dead gold bricks, with luxury items for the few and toxic slag heaps for the many. The glittering mansion overlooks a vast sprawl of shanty towns, wherein a desperate, demoralized humanity is kept in line with drugs, television, and armed force.”

“Gold is unique because it has the age-old aspect of being viewed as a store of value. Nevertheless, it’s still a commodity and has no tangible value, and so I would say that gold is a speculation. But because of my fear about the potential debasing of paper money and about paper money not being a store of value, I want some exposure to gold.”

Want Stills Age Values Paper Unique Aspect Gold Stores Nevertheless Commodity Speculation Exposure Tangible Paper Money

Author:Seth Klarman

“Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium.”

Government Century Standards Gold Mediums Stable Providing Commodity Desirable Free Market Monetary Selected Best Money

Book:What Has Government Done to Our Money?

Source: What Has Government Done to Our Money?

“The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you....it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.”

Years Two Different Problem Games Pay Produce Months Six Gold Investing Income Two Years Commodity Six Months Lumps Betting

Author:Warren Buffett

“Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.”

Seems Demand Paper Majors Gold Currency Commodity Jewelry Thrust Deteriorating Paper Money

Author:Alan Greenspan

“Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else's religion, but he'll accept his gold.”

World May Persons Race Accepting Gold Borders Silver Commodity Gold And Silver National Borders

Author:Robert Kiyosaki

“What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.”

Belief Grows Party Gold Investors Fearful Commodity Bandwagon Purchasers

Author:Warren Buffett

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