Home / Topics / Gold Quotes

Gold Quotes

Browse 2794 quotes about Gold.

Gold Quotes

“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

“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

“The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.”

Trying States Dream Interest Powerful Groups Succeed Standards Gold Impact Profound Leaving Operations Affected Monetary Monetary System Gold Standard

Author:Robert Gilpin

“When people become frightened, they look for things of real value. They will go to monetary metals, gold and silver, and they will buy other things, such as buying property. But no matter what we have, whether we have our gold coins or we have our property, if we have an authoritarian government, that is our greatest threat. So, I would like to think that there is no perfect protection, other than shrinking the size and scope and power of government, so that we can be left alone and take care of ourselves.”

“In all the thrashing about that results from our dwindling gold reserves, it's about time that this country and other countries get some perspective on the situation. The day this country is out of the stuff, that day gold becomes what it's worth as a metal and no longer will have much significance as a monetary measurement. It isn't the gold we have that makes this nation rich. It's what we make, our knowhow, our productivity. So long as this country produces more and better, the world will continue to want what we make.”

World Want Long Country Nations Stuff Wealth Results Situation Rich Produce Perspective Gold Productivity Significance Metals Other Countries Reserves Measurement Monetary

Author:Malcolm Forbes

“We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.”

Source: Speeches in Congress

“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.”

World Has Beens Class Mankind Paper Gold Cheating Monetary New World Order Monetary System Paper Money

Book:The Wisdom and Eloquence of Daniel Webster

Source: The Wisdom and Eloquence of Daniel Webster

“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

“From the inception of our nation our American ancestors intended for the United States to operate under a precious-metals monetary system or, more specifically, under a monetary system in which people used gold and silver coins rather than paper money as the media of exchange.”

People States Used Nations United United States Media Paper Gold Silver Metals Ancestor Coins Monetary Inception Gold And Silver Monetary System Paper Money Precious Metal

Author:Jacob G. Hornberger

“Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what's backing up the dollar? I don't think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper.”

Thinking Giving Country Values Gold Currency Monetary Euro

Author:Peter Schiff

“The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real.”

People World Way Kind Stills Real Government Magic Gold International Symbols Fund Currency Monetary Reassuring Central Banks Vaults

Author:James Surowiecki

“You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.”

“The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.”

People Needs May Mean Use Values Issues Paper Gold Bases Available Silver Substitutes Permit Currency Volume Coins Inadequate Monetary Fluctuation Intrinsic Value Gold And Silver

Author:Abraham Lincoln

“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?

“All of the government's monetary, economic and political power, as well as its extensive propaganda machinery, will be enlisted in a constant battle to drive down the price of gold - but in the absence of any fundamental change in the nation's monetary, fiscal, and economic direction, simply regard any major retreat in the price of gold as an unexpected buying opportunity.”