Hello. I am Deepak Kundu, an avid book reader and quotes collector. Here is a list of 12 quotes about Gold Standard that I liked and saved from various books. I hope you enjoy reading them.
Gold Standard Quotes
Gold and silver require discipline and constraint from banks and governments, and both banks and governments resent gold for it.
from Guide to Investing in Gold & Silver book by Michael Maloney
Gold and silver have revalued themselves throughout the centuries and called on fiat paper to account for itself. In doing so, gold and silver bring fraudulent money to justice. They’ve always done this, and they always will. It is as certain as the sunrise.
from Guide to Investing in Gold & Silver book by Michael Maloney
The gold standard was created by the free market, the citizenry, and it operates to manage the supply of paper currency under a self-adjusting market system. There is no central bank, no secretive policy board, no armies of statisticians churning out spurious indexes and aggregates, indeed no discretionary monetary policy at all.
from Gold: The Once and Future Money book by Nathan Lewis
One reason governments have returned to the gold standard so many times over the course of history is that it is simply cheaper to do so. Because a gold standard lends monetary stability, which in turn allows economic stability, interest rates can fall to very low levels and stay there indefinitely. Interest rates that were common under the gold standard are impossible in today’s environment of monetary chaos.
from Gold: The Once and Future Money book by Nathan Lewis
I believe central bankers are always looking at the price of gold, because they know what many of us know: in the long term, the best gauge for the soundness of a currency is the gold price.
from End the Fed book by Ron Paul
The idea of the gold standard was not to deplete nations of gold, but rather to force them to get their financial house in order long before the gold disappeared. In the absence of a gold standard and the real-time adjustments it causes, the American people seem unaware of how badly U.S. finances have actually deteriorated.
from Currency Wars book by James Rickards
The U.S. economy as guided by the Fed has seen continual asset bubbles, crashes, panics, booms and busts in the forty years since the United States left gold. It is time to diminish the role of finance and empower the role of commerce. Gold produces the greatest price stability in prices and asset values and therefore provides the best visibility for investors.
from Currency Wars book by James Rickards
Today every reference point is gone. There is no gold standard, no dollar standard, and no Taylor Rule. All that remains is what financial writer James Grant calls the “Ph.D. Standard”: the conduct of policy by neo-Keynesian, neo-monetarist academics with Ph.D.’s granted by a small number of elite schools.
from The Death of Money book by James Rickards
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. The debate over gold versus fiat money is really a debate between entrepreneurs and rentiers.
from The Death of Money book by James Rickards
Neither a state nor a bank ever have had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.
David Ricardo, from Gold: The Once and Future Money book by Nathan Lewis
No great nation that abandoned the gold standard has remained a great nation.
Ronald Reagan, from End the Fed book by Ron Paul
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. If there were, the government would have to make its holding illegal.
Alan Greenspan, from End the Fed book by Ron Paul