In truth, the gold standard is already a barbarous relic. — John Maynard Keynes
Gold is money. Everything else is credit. — J. P. Morgan
I believe in the gold standard. I like solid lumps of things. You can always melt them down. — Suzy Parker
Gold offered no mechanism for restraining the sovereigns, and had to rely on trust in them not abusing the gold standard and the population remaining eternally vigilant against them doing so. — Saifedean Ammous
Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted. — Alan Greenspan
Governments lie; bankers lie; even auditors sometimes lie: gold tells the truth. — William Rees-Mogg
The most important thing about any monetary system is that it provides a stable unit of account. — Russell Napier
The standard is not writ on the stone. The definition of the standard is that it is the best way to do the job for now. It should be regarded as a next step to make further improvement. — Masaaki Imai
Gold is literally Neolithic stone age tech, which is impressive and shows simple robust technology can be the best store of value for millennia. bitcoin is digital gold for the next millennia. — Adam Back
A good that assumes the role of a widely accepted medium of exchange is called money. — Saifedean Ammous
Start with Gold. Eliminate complexity, corruption, constraint, convention, contention, & inflation. Substitute speed, power, intelligence, equity, ability & accessibility. Finish with Bitcoin. — Michael Saylor
The finest compliment you can pay a man is that his word was as good as gold. — Evel Knievel
Gold is Stone Age tech. Bitcoin is gold for the next millennia. — Adam Back
Yellow-colored objects appear to be gold — Aristotle
All the gold which is under or upon the earth is not enough to give in exchange for virtue. — Plato
Gold Standard Image Quotes
Anyone can find the dirt in someone. Be the on to find the gold.
Gold Standard Money Quotes
In 1971, the U.S. 'closed the gold window,' starting an era of global fiat money reference-pricing that has been unprecedented in history. Never before had the world operated on the basis of no country anywhere having a currency tied to something with intrinsic value like gold. — Max Keiser
The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management ... The record taken, as a whole is one of hyperinflation, devaluation and monetary chaos. — Henry Hazlitt
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
All that is gold does not glitter, not all those who wander are lost.
The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence. — Ludwig von Mises
Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium. — Murray Rothbard
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
Keep your head and standards high!
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. — Hans F. Sennholz
Deficit spending is simply a scheme for the confiscation of wealth. — Alan Greenspan
Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country. — Murray Rothbard
Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension. — Llewellyn Rockwell
Finding Gold Quotes
Look inside my soul and you can find gold and maybe get rich. Look inside of your soul and you can find out it never exists. — Kendrick Lamar
Gold medals aren't really made of gold. They're made of sweat, determination, and a hard-to-find alloy called guts. — Dan Gable
When faced with a mountain, I WILL NOT QUIT! I will keep on striving until I climb over, find a pass through, tunnel underneath, or simply stay and turn the mountain into a gold mine with God's help! — Robert H. Schuller
Don't gain the world and lose your soul. Wisdom is better than silver and gold.
Leroy bet me I couldn't find a pot of gold at the end, and I told him that was a stupid bet because the rainbow was enough. — Rita Mae Brown
The mine owners did not find the gold, they did not mine the gold, they did not mill the gold, but by some weird alchemy all the gold belonged to them! — Bill Haywood
Don't gain the world and lose your soul, wisdom is better than silver or gold.
The one who gets up early will find gold. —
Like an old gold-panning prospector, you must resign yourself to digging up a lot of sand from which you will later patiently wash out a few minute particles of gold ore. — Dorothy Bryant
Where you stumble and fall, there you will find gold. — Joseph Campbell
Jewellery's not a big thing for me. The only thing I wear is a gold cross on a chain that I got for my 21st birthday. You have to take it off every day for filming, but that's the only time I'm not wearing it. You won't find me in rings, bracelets or earrings. — Jonas Armstrong
This world came crashing down in the catastrophic year 1914, which was not only the year of the outbreak of World War I, but the year that the world’s major economies went off of the gold standard and replaced it with unsound government money. Only Switzerland and Sweden, who remained neutral during World War I, were to remain on a gold standard into the 1930s. — Saifedean Ammous
Two particular technological advancements would move Europe and the world away from physical coins and in turn help bring about the demise of silver's monetary role: the telegraph, first deployed commercially in 1837, and the growing network of trains, allowing transportation across Europe. With these two innovations, it became increasingly feasible for banks to communicate with each other, sending payments efficiently across space when needed and debiting accounts instead of having to send physical payments. This led to the increased use of bills, checks, and paper receipts as monetary media instead of physical gold and silver coins. More nations began to switch to a monetary standard of paper fully backed by, and instantly redeemable into, precious metals held in vaults. — Saifedean Ammous
Hyperinflation is a form of economic disaster unique to government money. There was never an example of hyperinflation with economies that operated a gold or silver standard, and even when artifact money like seashells and beads lost its monetary role over time, it usually lost it slowly, with replacements taking over more and more of the purchasing power of the outgoing money. — Saifedean Ammous
The drain of gold from Britain is a little-known story with enormous consequences. Liaquat Ahamed’s Lords of Finance focuses on this episode, and does a good job of discussing the individuals involved and the drama taking place, but adopts the reigning Keynesian understanding of the issue, putting the blame for the entire episode on the gold standard. — Saifedean Ammous
Faced with the alternative of saying goodbye to the gold standard, and therefore to his own employment, and goodbye to other people's employment, Mr. Churchill characteristically selected the latter course. — Oswald Mosley
In their seminal work, 'The History of Science and Technology', Bunch and Hellemans compile a list of the 8,583 most important innovations and inventions in the history of science and technology. Physicist Jonathan Huebner analyzed all these events along with the years in which they happened and global population at that year, and measured the rate of occurrence of these events per year per capita since the Dark Ages. Huebner found that while the total number of innovations rose in the twentieth century, the number of innovations per capita peaked in the nineteenth century. A closer look at the innovations of the pre-1914 world lends support to Huebner's data. It is no exaggeration to say that our modern world was invented in the gold standard years preceding World War I. — Saifedean Ammous
The death knell for silver's monetary role was the end of the Franco-Prussian war, when Germany extracted an indemnity of £200 million in gold from France and used it to switch to a gold standard. With Germany now joining Britain, France, Holland, Switzerland, Belgium, and others on a gold standard, the monetary pendulum had swung decisively in favor of gold, leading to individuals and nations worldwide who used silver to witness a progressive loss of their purchasing power and a stronger incentive to shift to gold. India finally switched from silver to gold in 1898, while China and Hong Kong were the last economies in the world to abandon the silver standard in 1935. — Saifedean Ammous
The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs. — Ludwig von Mises
If we're going to stay the gold standard, we're going to stay ahead of the curve, well, then, when people try to do the things we're doing, we're trying to do more. We're trying to do something different. We're coming at it a different way. That, for me, to be honest, is the fun part. — John Calipari
'Beauty' is a currency system like the gold standard. Like any economy, it is determined by politics, and in the modern age in the West is is the last, best belief system that keeps male dominance intact. — Naomi Wolf
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
You shall not press down upon the brow of labor this crown of thorns; you shall not crucify mankind upon a cross of gold. — William Jennings Bryan
A character standard is far more important than even a gold standard. The success of all economic systems is still dependent upon both righteous leaders and righteous people. In the last analysis, our national future depends upon our national character that is, whether it is spiritually or materially minded. — Roger Babson
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
A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation. — James Rickards
There is, literally and figuratively, not a gold standard. That's almost as big a problem in art as in the financial world. How do you affix a value to something that only has value because a certain number of people agree to believe in that value? — John Currin
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable. — Alan Greenspan
The code of competence is the only system of morality that's on a gold standard. — Ayn Rand
Beauty' is a currency system like the gold standard. — Naomi Wolf
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. — Hans F. Sennholz
You came to tell us that the great cities are in favour of the gold standard; we reply that the great cities rest upon our broad and fertile plains. Burn down your cities and leave our farms, and your cities will spring up again as if by magic. But destroy out farms and the grass will grow in the city...You shall not press down upon the brow of labour this crown of thorns. You shall not crucify mankind upon a cross of gold. — William Jennings Bryan
The superiority of the gold standard consists in the fact that the value of gold develops independent of political actions. — Ludwig von Mises
No gold-digging for me; I take diamonds! We may be off the gold standard someday. — Mae West
A real gold standard is thoroughly consistent with [classical] liberal principles and I, for one, am entirely in favor of measures promoting its development. — Milton Friedman
I honestly believe that this is one of the greatest secrets to true peace of mind -- a decent sense of values. We could annihilate 50 percent of all our worries at once if we would develop a sort of private gold standard -- a gold standard of what things are worth to us in terms of our lives. — Dale Carnegie
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. — Ludwig von Mises
In 1925, when Britain went back to the gold standard, that was supported by the Conservative Party, the Labour Party, the Bank of England, the civil service, the CBI, the TUC, the Times, the Economist; that consensus was very strong. — Ed Balls
If you take 2001: A Space Odyssey as an example of somebody who creates a new language in film by what he was able to accomplish with art direction, photography, lighting, etc., it is still a gold standard for science fiction. — Matthew Modine
The Federal Reserve Act as it stands seems to me to open the way to a vast inflation of the currency. I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency. — Henry Cabot Lodge
We should be thanking Apple for launching the $10,000 'apple watch' as the new gold standard in douchebag detection. — Anna Kendrick
Never in history was there a method devised of such efficacy for setting each country's advantage at variance with its neighbours' as the international gold (or, formerly, silver) standard. — John Maynard Keynes
Do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the per-head quota of capital invested? Do they realize that every measure leading to capital decumulation jeopardizes their prosperity? — Ludwig von Mises
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