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Gold Quotes

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Gold Quotes

“The value of the myth is that it takes all the things we know and restores to them the rich significance which has been hidden by ‘the veil of familiarity.’ The child enjoys his cold meat, otherwise dull to him, by pretending it is buffalo, just killed with his own bow and arrow. And the child is wise. The real meat comes back to him more savory for having been dipped in a story…by putting bread, gold, horse, apple, or the very roads into a myth, we do not retreat from reality: we rediscover it.”

KnowsChildrenHas BeensRealStoriesRealityValuesEnjoyRichWiseColdGoldHorseMythBreadMeatApplesDullSignificancePretendingBowsRetreatVeilsArrowsFamiliarityBuffaloSavoryBows And Arrows
Book:Image and Imagination
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“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.”

IfsWayMeanMadeUseValuesProcessUnderstandingWealthRightsProtectSafeStandardsGoldDifficultyPropertyCreditSpendingStoresAbsenceSavingMade ItWelfareSchemesExpansionUnlimitedBankingInflationDeficitAbandonmentSavingsProperty RightsProtectorInsidiousAntagonismBanking SystemGold StandardDeficit Spending
Author:Alan Greenspan
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“If time be a ring of gold, opportunity is the rich diamond that gives it both its value and glory.”

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Book:The whole works of the Reverend Mr. John Flavel ... To which are added, alphabetical tables of the texts of Scripture explained; and indexes of principal matters contained in the whole
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“Virtue and learning, like gold, have their intrinsic value: but if they are not polished, they certainly lose a great deal of their luster: and even polished brass will pass upon more people than rough gold.”

PeopleIfsValuesLosesDealsVirtueInspirational LifeGoldRoughPolishedBrassIntrinsic ValueLuster
Book:The Works of Lord Chesterfield: Including His Letters to His Son, Etc : to which is Prefixed, an Original Life of the Author
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“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.”

IfsGovernmentValuesResultsEconomyEconomicPaperEconomicsGoldDollarsCreditManageDamagePoundsTicketsDominantInflationCalculationsMarket EconomyCripplesSuppliers
Author:Murray Rothbard
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“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.”

PeopleNeedsMayMeanUseValuesIssuesPaperGoldBasesAvailableSilverSubstitutesPermitCurrencyVolumeCoinsInadequateMonetaryFluctuationIntrinsic ValueGold And Silver
Author:Abraham Lincoln
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“Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper.”

LongRealValuesSeaModernProducePaperResourcesGoldRationalInkPrintingCrudeUnstablePaper MoneyReal Gold
Author:William E. Rees
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“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.”

WantStillsAgeValuesPaperUniqueAspectGoldStoresNeverthelessCommoditySpeculationExposureTangiblePaper Money
Author:Seth Klarman
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“Friendship is a priceless gift, that cannot be bought or sold. But it's value is far greater than a mountain made of gold. For gold is cold and lifeless, it can neither see nor hear. And in time of trouble, it is powerless to cheer. So when you ask God for a gift, be thankful if he sends not diamonds, pearls or riches, but the love of real true friends.”

IfsHeartMadeRealHelpingHandsValuesAsksFriendshipGreaterTroubleColdComfortMountainMy FriendsGoldEarsRichesCheerReach OutDiamondPearlsPowerlessBeing ThankfulTrue FriendPricelessHelping HandLifelessTimes Of TroubleReal True
Author:Natalie
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“It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer (banker), and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.”

PeopleIfsMenCountryHelpingHandsGovernmentWould BeValuesInterestWealthPaySituationIssuesTerriblePromiseGoldIncreaseHistoricalDebtAbsurdOur CountrySubmitCurrencyBankers
Author:Thomas A. Edison
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“By common consent of the nations, gold and silver are the only true measure of value. They are the necessary regulators of trade. I have myself no more doubt that these metals were prepared by the Almighty for this very purpose, than I have that iron and coal were prepared for the purposes in which they are being used.”

UsedPurposeValuesNationsCommonDoubtGoldTradePreparedSilverIronMetalsAlmightyConsentCoalGold And SilverRegulators
Book:Men and Measures of Half a Century; Sketches and Comments
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“The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.”

IfsStillsTwoEndsUsePurposeValuesHugeDemandPaperMajorsGoldEternityProductionsSignificantAssetsCategoriesInvestorsFearfulIncapableUtilityShortcomingsSoakingPaper Money
Author:Warren Buffett
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“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.”

GovernmentTodayValuesWishTermNumbersTechnologyProduceCostGoldPressesDollarsGoodsThreateningPrintingCirculationPrinting PressGoods And Services
Author:Ben Bernanke
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“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.”

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Author:Adolf Hitler
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“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.”

IfsKindProblemAbleValuesLosesGoldDollarsDebtStoresReservesMortgageFederal ReserveIntrinsic Value
Author:Peter Schiff
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