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Gold Quotes

“Man makes one journey all his living days, Down through the realms of music and of art; Down through the halls of fame and glorious praise; Down through the tears and triumphs of the heart To some sweet woman waiting some place there. For her he builds his cities and makes war, Seeks gold and glorious wealth to store.”

“What would you call America's most priceless asset? Surely not its limitless natural resources, not its matchless national wealth, not its unequalled store of gold, not its giant factories, not its surpassing railroads, not its unprecedented volume of cheap power. Is not its most priceless asset the character of its people, their indomitable self-confidence, their transcendent vision, their sleepless initiative and, perhaps above all, their inherent, irrepressible optimism?”

“My wife says, and I agree with her, that what would be really great for Maine would be to legalize dope completely and set up dope stores the way that there are state-run liquor stores. You could get your Acapulco gold or your whatever it happened to be - your Augusta gold or your Bangor gold. And people would come from all the other states to buy it, and there could be a state tax on it. Then everybody in Maine could have a Cadillac.”

“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.”

“Well, in that hit you miss. She'll not be hit With Cupid's arrow. She hath Dian's wit, And, in strong proff of chastity well armed, From Love's weak childish bow she lives uncharmed. She will not stay the siege of loving terms, Nor bide th' encounter of assailing eyes, Nor ope her lap to saint-seducing gold. O, she is rich in beauty; only poor That, when she dies, with dies her store. Act 1,Scene 1, lines 180-197”

“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.”

“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.”

“Better to me the poor mans crust, Better the blessing of the poor, Though I turn me empty from his door; That is no true alms which the hand can hold; He gives nothing but worthless gold Who gives from a sense of duty; But he who gives a slender mite, And gives to that which is out of sight, That thread of the all-sustaining Beauty Which runs through all and doth all unite, - The hand cannot clasp the whole of his alms, The heart outstretches its eager palms, For a god goes with it and makes it store To the soul that was starving in darkness before.”

“Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.”