More Important Things About Gold and Silver
Things to reflect on in the new year!
It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights.
-Ludwig Von Mises
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
. . . of silver no one ever yet possessed so much that he was forced to cry “enough.”
—Xenophon
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.
—Hans F. Sennholz
The Fed took a dollar and eliminated 98% of its purchasing power and they’re doing that more rapidly than ever but it just hasn’t been fully discounted. When it is, gold is going to be much, much higher.
—Ron Paul
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
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
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
Gold’s superior nature is honored in our daily usage of terms like gold prizes, golden ages, the golden rule, golden mean, and good as gold. In the East gold figures prominently in holy places and sacred occasions: rituals, festivals, and marriages.
— Jim Clark, Real Money for Free People
If you don’t own gold, you know neither history nor economics.
— Ray Dalio