quotes tagged with 'gold'
Author: Anonymous, Source: Unknown
Remember, people will judge you by your actions, not your intentions. You may have a heart of gold -- but so does a hard-boiled egg.
Author: Chinese proverb, Source: Unknown
A book holds a house of gold.
Author: Andrea Maxwell, Source: Kendan, ch. 2
But it won't be a miracle that changes him. Gold never becomes pure of its own accord; it's the fire that makes the difference.
It is apparent from the whole context of the Constitution as well as the history of the times which gave birth to it, that it was the purpose of the Convention to establish a currency consisting of the precious metals. These, from their peculiar properties which rendered them the standard of value in all other countries, were adopted in this as well to establish its commercial standard in reference to foreign countries by a permanent rule as to exclude the use of a mutable medium of exchange, such as of certain agricultural commodities recognized by the statutes of some states as tender for debts, or the still more pernicious expedient of a paper currency. The last, from the experience of the evils of the issues of paper during the Revolution, had become so justly obnoxious as not only to suggest the clause in the Constitution forbidding the emission of bills of credit by the States, but also to produce that vote in the Convention which negatived the proposition to grant power to Congress to charter corporations.Author: Andrew Jackson, Source: Messages and Papers of the Presidents, Vol. 3, p. 246
Most unquestionably there is no legal tender, and there can be no legal tender in this country, under the authority of this government or any other, but gold and silver, either the coinage of our own mints, or foreign coins, at rates regulated by Congress. This is a constitutional principle, perfectly plain, and of the very highest importance. The States are expressly prohibited from making anything but gold and silver a tender in payment of debts; and, although no such express prohibition is applied to Congress, yet, as Congress has no power granted to it, in this respect, but to coin money, and to regulate the value of foreign coins, it clearly has no power to substitute paper, or anything else, for coin, as a tender in payment of debts and in discharge of contracts.Author: Daniel Webster, Source: Great Debates In American History, Vol. 13, p. 113
Using force to compel people to accept money without real value can only work in the short run. It ultimately leads to economic dislocation, both domestic and international, and always ends with a price to be paid.Author: Ron Paul, Source: http://www.lewrockwell.com/paul/paul303.html
The economic law that honest exchange demands only things of real value as currency cannot be repealed. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or Euros. The sooner the better.
When gold was used, and the rules protected honest commerce, productive nations thrived. Whenever wealthy nations – those with powerful armies and gold – strived only for empire and easy fortunes to support welfare at home, those nations failed.Author: Ron Paul, Source: http://www.lewrockwell.com/paul/paul303.html
Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold.Author: Leo Tolstoy, Source: Unknown
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.Author: Ayn Rand, Source: Atlas Shrugged, pp. 383-4
The time will come that gold will hold no comparison in value to a bushel of wheat.Author: Brigham Young, Source: Journal of Discourses, 1:250