Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history.
The gold standard sooner or later will return with the force and inevitability of natural law, for it is the money of freedom and honesty.
The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
The superiority of the gold standard consists in the fact that the value of gold develops independent of political actions.
The battles that count aren't the ones for gold medals. The struggles within yourself - the invisible, inevitable battles inside all of us - that's where it's at.
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.
The gold standard, in one form or another, will prevail long after the present rash of national fiats is forgotten or remembered only in currency museums.
Gold has two significant shortcomings, being neither of much use nor procreative.
From a strictly economic point of view, buying gold in a major inflation and holding it probably presents the least risk of capital loss of any investment or speculation.
The most pitiful among men is he who turns his dreams into silver and gold.
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.
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.
Gold! gold! gold! gold! Bright and yellow, hard and cold!
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.
At the beginning of World War II the U.S. had a mere 600 or so first-class fighting aircraft. We rapidly overcame this short supply by turning out more than 90,000 planes a year. The question at the start of World War II was: Do we have enough funds to produce the required implements of war? The answer was No, we did not have enough money, nor did we have enough gold; but we did have more than enough resources. It was the available resources that enabled the US to achieve the high production and efficiency required to win the war. Unfortunately this is only considered in times of war.
Those that go gold into the furnace will come out no worse.
Every individual is a potential gold buyer, although he may not need the gold. It may be added to the store of personal wealth, and passed from generation to generation as an object of family wealth. There is no other economic good as marketable as gold.
A great smile is a wonderful asset, but a good heart is pure gold.
Gold like the sun, which melts wax, but hardens clay, expands great souls.
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 history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dismal register.
For more than two thousand years gold's natural qualities made it man's universal medium of exchange. In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper.
The paper standard is self-destructive.
Government can't give us anything without depriving us of something else.
Olympic Gold changed me and my life dramatically. I became a celebrity overnight and people see me as a famous skater, not a real person.
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