QUOTES OF THE DAY

O Gold! I still prefer thee unto paper, which makes bank credit like a bark of vapour. — Lord Byron

The castle gates will always open for gold-laden donkeys. — Russian Proverb

If you are sick, think about your life; if you are better, think about your gold. — Mongolian Proverb

Pure gold does not rust. Only gold alloys do so. You may have golden dreams. But if you go in the company of toxic people, you become “a gold alloy” and what that means is that you can rust at any time! ― Israelmore Ayivor

The beauty about gold, though, is that in all states from uncertainty to conviction, it never for once gives up its luster. ― Ufuoma Apoki

Gold — what can it not do, and undo? — William Shakespeare

Gold opens all locks. No lock will hold against the power of gold. — George Herbert

Gold gives to the ugliest thing a certain charming air, for that without it were else a miserable affair. — Moliére

Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold. — Leo Tolstoy

Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: “Account Overdrawn.” — Ayn Rand

You have to choose (as a voter) 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 for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold. — George Bernard Shaw

Gold would have value if for no other reason than that it enables a citizen to fashion his financial escape from the state. — William F. Rickenbacker

Like Liberty, gold never stays where it is undervalued. — John S. Morrill

It is extraordinary how many emotional storms one may weather in safety if one is ballasted with ever so little gold. — William McFee

The desire of gold is not for gold. It is for the means of freedom and benefit. ― Ralph Waldo Emerson

Because silver and gold have their value from the matter itself, they have first this privilege, that the value of them cannot be altered by the power of one, nor of a few commonwealths, as being a common measure of the commodities of all places. But base money may easily be enhanced or abased. – Thomas Hobbes

Gold is a treasure, and he who possesses it does all he wishes to in this world, and succeeds in helping souls into paradise. – Christopher Columbus

Gold is not necessary. I have no interest in gold. We will build a solid state, without an ounce of gold behind it. Anyone who sells above the set prices, let him be marched off to a concentration camp. That’s the bastion of money. – Adolf Hitler

There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be shaped into ingots, bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence. – Charles de Gaulle

We have gold because we cannot trust governments. ― Herbert Hoover

It’s absolutely critical that we audit the Fed so the American people can see what’s going on over there. Do it from top to bottom so that we can have transparency in this entity called the Federal Reserve. Hopefully, the American people will see that we need to go back to the gold standard, which I’ve introduced, and get rid of the Fed. – Paul Broun

Gold is money. Everything else is credit. – J. P. Morgan

Never trust money more than gold. ― Toba Beta

In reality, there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency. — Lysander Spooner

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. — Alan Greenspan

A gold standard doesn’t imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself. — Ben Bernanke

The desire for gold is the most universal and deeply rooted commercial instinct of the human race. — Gerald M. Loeb
When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser’s country, since these are of value only in the country of issue. — Carroll Quigley

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. Solemn pledges were broken, retroactive laws were promulgated, provisions of constitutions and bills of rights were openly defied. And hosts of servile writers praised what the governments had done and hailed the dawn of the fiat-money millennium. — Ludwig von Mises

With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people. — Friedrich August von Hayek

Monetary policy today is guided by little more than government fiat — by the calculations, often-mistaken economic theories and whims of central bankers or, even worse, politicians. Under such a regime, inflation of three or four percent annually has come to be viewed as a stellar monetary performance. However, under a more sound monetary system — i.e., a gold standard — such increases in the general price level would be seen as wildly inflationary. — Raymond J. Keating

Although gold and silver are not by nature money, money is by nature gold and silver. — Karl Marx

Governments lie; bankers lie; even auditors sometimes lie. Gold tells the truth. — Lord Rees Mogg

Until government administrators can so identify the interests of government with those of the people and refrain from defrauding the masses through the device of currency depreciation for the sake of remaining in office, the wiser ones will prefer to keep as much of their wealth in the most stable and marketable forms possible — forms which only the precious metals provide. — Elgin Groseclose

If you don’t trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000-$5,000, cutting it up, turning it into pulp and then paper, putting some ink on it and then calling it one billion dollars? — Kenneth J. Gerbino

The great merit of gold is precisely that it is scarce; that its quantity is limited by nature; that it is costly to discover, to mine and to process; and that it cannot be created by political fiat or caprice. — Henry Hazlitt

Gold will be around, gold will be money when the dollar and the euro and the yuan and the ringgit are mere memories. — Richard Russell

Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort. — Antony C. Sutton

The modern mind dislikes gold because it blurts out unpleasant truths. — Joseph Schumpeter

They don’t give you gold medals for beating somebody. They give you gold medals for beating everybody. — Michael Johnson

My advice to you, my violent friend, is to seek out gold and sit on it. ― John Gardner

Because gold is honest money, it is disliked by dishonest men. — Ron Paul

Commodities such as gold and silver have a world market that transcends national borders, politics, religions and race. A person may not like someone else’s religion, but he’ll accept his gold. — Robert Kiyosaki

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. — Peter Schiff

If the world does well, gold will be fine. If the world doesn’t do well, gold will also do fine…but a lot of other things could collapse. — Thomas Kaplan

If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange. — Paul Singer

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. — James Surowiecki

If you trade in paper, the notion of many who trade gold…if the financial world comes to an end, they’re going to have the gold. If you’re playing in ETFs, you’re going to have a piece of paper. — Rick Santelli

Gold is still the ultimate store of wealth. It’s the world’s only true money. And there isn’t much of it to go around. All of it ever mined would fit into a small building — a 56-foot cube. The annual world production would fit into a 14-foot cube, roughly the size of an ordinary living room. If each Chinese citizen were to buy just one ounce, it would take up the annual supply for the next 200 years. — Mark Nestmann

If ever there was an area in which to do the exact opposite of that which government and the media urge you to do, that area is the purchasing of gold. — Robert Ringer

Regardless of the dollar price involved, one ounce of gold would purchase a good-quality man’s suit at the conclusion of the Revolutionary War, the Civil War, the presidency of Franklin Roosevelt and today. — Peter A. Burshre

I like gold because it is a stabilizer; it is an insurance policy. — Kevin O’Leary

Last…my favorite:
Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves. — Norm Franz