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Gold Quotes

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Gold Quotes

“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

“When parents put gold into the hands of youth, when they should put a rod under their girdle--when instead of awe they make them past grace, and leave them rich executors of goods, and poor executors of godliness, then it is no marvel that the son being left rich by his father's will, becomes reckless by his own will.”

Source: John Lyly 'Euphues: the Anatomy of Wit' and 'Euphues and His England': An Annotated, Modern-Spelling Edition

“Tobacco, divine, rare, superexcellent tobacco, which goes far beyond all the panaceas, potable gold, and philosophers stones, a sovereign remedy to all diseases but as it is commonly abused by most men, which take it as tinkers do ale, 'Tis a plague, a mischief, a violent purger of goods, lands, health; hellish, devilish and damned tobacco, the ruin and overthrow of body and soul.”

Men Soul Body Land Divine Disease Stones Gold Philosopher Violent Ruins Smoking Goods Remedy Sovereign Plague Tobacco Mischief Ale Devilish Panacea

Author:Robert A. Burton

“A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.”

People Standards Gold Goods Stability Goods And Services Gold Standard

Author:Ben Bernanke

“A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.”

May Mean Values Three Term Wealth Pay Gold Accounts Function Financial Stores Goods Assets Providing Currency Units Payment Groceries Goods And Services

Author:Nouriel Roubini

“Democracy is never a thing done. Democracy is always something that a nation must be doing. What is necessary now is one thing and one thing only, that democracy become again democracy in action, not democracy accomplished and piled up in goods and gold.”

Done Action Nations Democracy One Thing Gold Accomplished Goods Things Done

Book:The American cause

Source: The American cause

“Gold, on the contrary, though of little use compared with air or water, will exchange for a great quantity of other goods.”

Littles Use Water Air Gold Contrary Goods Quantity

Book:On the Principles of Political Economy, and Taxation

Source: On the Principles of Political Economy, and Taxation

“Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services.”

Government Today Values Wish Term Numbers Technology Produce Cost Gold Presses Dollars Goods Threatening Printing Circulation Printing Press Goods And Services

Author:Ben Bernanke

“We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced ... we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.”

Trying States Done Enough Political Lying Values Politics Views Laughing Security Gold Mark Foolish Goods Currency Work Done Vaults Financiers

Author:Adolf Hitler