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Gold Quotes

“Back in 1960, the paper dollar and the silver dollar both were the same value. They circulated next to each other. Today? The paper dollar has lost 95% of its value, while the silver dollar is worth $34, and produced a 2-3 times rise in real value. Since we left the gold standard in 1971, both gold and silver have become superior inflation hedges.”

Real Today Values Next Lost Left Paper Standards Gold Dollars Superiors Silver Inflation 1960s Real Value Gold And Silver Gold Standard

Author:Mark Skousen

“Deficit spending is simply a scheme for the confiscation of wealth.”

Wealth Money Gold Spending Schemes Inflation Deficit Property Rights Banking System Money And Power Monetary System Gold Standard Deficit Spending Buying Gold

Author:Alan Greenspan

“A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation.”

Hard Wealth Information Hard Work Standards Ideals Gold Entrepreneurship Manipulation Inflation Ingenuity Monetary Monetary System Gold Standard

Book:The Death of Money: The Coming Collapse of the International Monetary System

Source: The Death of Money: The Coming Collapse of the International Monetary System

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.”

Source: Capitalism: The Unknown Ideal

“Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.”

Ifs Past Successful Modern Standards Gold Debt Genuine Reform Fixed Silver Fraud Banking Inflation Payment Monetary Central Banks Suspension Bail Gold And Silver Gold Standard Rations

Author:Lawrence Reed

“It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation.”

“Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension.”

Want Government Age Lasts Limits Paper Standards Gold Monsters Welcome Inflation Comprehension Central Banks Unleashed Leviathan Paper Money Banishment

Author:Llewellyn Rockwell

“Markets need not be in sync with one another. Simultaneously, the bond market can be priced for sustained tough times, the equity market for a strong recovery, and gold for high inflation. Such an apparent disconnect is indefinitely sustainable.”

Needs Strong Tough Gold Recovery Equity Inflation Tough Times Sync Bond Market

Author:Seth Klarman

“I believe Sharia law, however it comes, is the future for America. I believe, one day, that the people will adopt it anyway. A lot of issues we're looking at now are already enshrined within the Sharia. For instance, the gold standard for when dealing with inflation and a lack of confidence with the stocks and shares, which has been prevalent for the last many decades. All of that is prohibited in Islam.”

People Believe I Believe Share One Day Gold Islam Inflation

Author:Anjem Choudary

“In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.”

Reality Paper Gold Currency Inflation

Book:A New Banking System: the Needful Capital for Rebuilding the Burnt District

Source: A New Banking System: the Needful Capital for Rebuilding the Burnt District

“The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.”

“If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.”

Ifs Government Values Results Economy Economic Paper Economics Gold Dollars Credit Manage Damage Pounds Tickets Dominant Inflation Calculations Market Economy Cripples Suppliers

Author:Murray Rothbard

“To prefer paper to gold is to prefer high risk to lower risk, instability to stability, inflation to steady long term values, a system of very low grade performance to a system of higher, though not perfect performance.”

Long Values Term Perfect Risk Higher Paper Lows Gold Performances Long Term Grades Stability Steady Inflation Not Perfect Instability High Risk

Author:William E. Rees

“In the long run, the gold price has to go up in relation to paper money. There is no other way. To what price, that depends on the scale of the inflation - and we know that inflation will continue.”

Knows Way Long Running Depends Paper Gold Relation Scales Long Runs Inflation Paper Money Gold Price

Author:Nicholas Deak

“Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”

Source: Capitalism: The Unknown Ideal

“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