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Gold Quotes

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Gold Quotes

“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

“The riches of a country are to be valued by the quantity of labor its inhabitants are able to purchase, and not by the quantity of silver and gold they possess; which will purchase more or less labor, and therefore is more or less valuable, as is said before, according to its scarcity or plenty.”

Said Country Able Labor Gold Valuable Riches Plenty Silver Quantity Scarcity

Book:The Political Economy of the American Revolution

Source: The Political Economy of the American Revolution

“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 ...

“But not gold in commercial quantities, Just enough gold to make the engagement rings And marriage rings of those who owned the farm. What gold more innocent could one have asked for?”

Enough Gold Rings Innocent Farms Engagement Quantity Jewelry

Book:The poetry of Robert Frost

Source: The poetry of Robert Frost

“But in truth, should I meet with gold or spices in great quantity, I shall remain till I collect as much as possible, and for this purpose I am proceeding solely in quest of them.”

Should Purpose Gold Quantity Quests Should I Spices Proceeding

Book:Personal Narrative of the First Voyage of Columbus to America: From a Manuscript Recently Discovered in Spain

Source: Personal Narrative of the First Voyage of Columbus to America: From a Manuscript Recently Discovered in Spain

“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