Quotes From Prominent People Regarding Gold and Silver
To protect yourself from inflation, buy commodities. If you are afraid of inflation, which you should be, silver is the number one investment today.
-Robert Kiyosaki
Gold still holds reign over the financial system as the ultimate source of payment.
-Alan Greenspan
Paper money eventually returns to its intrinsic value... zero.
-Voltaire
I sincerely believe ... banking establishments are more dangerous than standing armies.
-Thomas Jefferson
Continued inflation inevitably leads to catastrophe.
-Ludwig von Mises
America once enjoyed a stable dollar backed by gold deposits, a "gold standard" system. This system gradually was undermined throughout the last century, until President Nixon finally severed the last tenuous links between the dollar and gold in 1971. Since 1971, the Fed has employed a pure fiat money system, meaning government can create money whenever it decrees simply by printing more dollars. The "value" of each newly minted dollar is determined by the faith of the public, the total amount of dollars in circulation (the money supply), and the financial markets. In other words, fiat dollars have no intrinsic value.
-Ron Paul
When a currency changes its character from gold-receipt to fiat paper, confidence in its stability and quality is shaken, and demand for it declines. Furthermore, now that it is cut off from gold, its far greater quantity relative its former gold backing now becomes evident. With a supply greater than gold and a lower demand, its purchasing-power, and hence its exchange rate, quickly depreciate in relation to gold. And since government is inherently inflationary, it will keep depreciating as time goes on.
-Murray Rothbard
If you can control the currency of a nation you can control its people.
-Thomas Jefferson
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 A. Hayek
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
-Henry Ford
I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt.
-Thomas Jefferson
Silver is a smoking deal. Silver is one of the [best hedges] against inflation you will ever see. [It's a] great investment. Silver is a bargain today.
-Robert Kiyosaki
I think gold is under pressure as it reacts to the downward force of world deflation. As the forces of deflation increase, the central banks will fight deflation 'tooth and nail.' They'll fight deflation by printing more fiat money than ever. As the battle against deflation intensifies, all fiat currencies will decline in purchasing power. That will be the time for gold. Gold is the only money that can't be devalued. Which is the basic reason for holding and accumulating gold.
-Richard Russell, editor of Dow Theory Letters
When the people find they can vote themselves money, that will herald the end of the republic.
-Benjamin Franklin
Give me control of a nation's money and I care not who makes her laws.
-Mayer Amschel Rothschild
If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.
-Thomas Jefferson
I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man that controls Britain’s money supply controls the British Empire, and I control the British money supply.
-Baron Nathan Mayer de Rothschild
You have to choose [as a voter] between trusting the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. I advise you, as long as the Capitalist system lasts, to vote for gold.
-George Bernard Shaw
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.
-Alan Greenspan