Historical Quotes About Gold and Silver

02 Jan

Historical Quotes About Gold and Silver

We recently posted our “Historical Quotes About Gold and Money” that contained important quotes from various intellectuals. Today, we follow up with more wise words from wise people…


O gold! I still prefer thee unto paper, which makes bank credit like a bank of vapor.

—Lord Byron, Don Juan

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, “On Athens”

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

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

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

There can be no other criterion, no other standard than gold. Yes, gold, which does not change in nature, which is made indifferently into bars, ingots and coins, which does not have any nationality, which is considered, in all places and at all times, the immutable and fiduciary value par excellence.”

—Charles de Gaulle

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

The gold standard was the world standard of the age of capitalism, increasing welfare, liberty, and democracy, both political and economic. In the eyes of the free traders its main eminence was precisely the fact that it was an international standard as required by international trade and the transactions of the international money and capital market. It was the medium of exchange by means of which Western industrialism and Western capital had borne Western civilization into the remotest parts of the earth’s surface, everywhere destroying the fetters of age-old prejudices and superstitions, sowing the seeds of new life and new well-being, freeing minds and souls, and creating riches unheard of before. It accompanied the triumphal unprecedented progress of Western liberalism ready to unite all nations into a community of free nations peacefully cooperating with one another.

—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

—F.A. Hayek

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