Ever since the discovery of gold, virtually everyone holds an opinion on it. Gold is mentioned throughout the Bible, Greek mythology, ancient Egyptian texts, and the oldest philosophical writings, recently discovered.
Many famous figures including philosophers, athletes, scientists, and politicians have shared their views on gold. After reviewing an endless number of quotes from historical figures throughout the world, we narrowed it down to our top 20.
1– “Gold is money. Everything else is credit.” – J.P Morgan
2– “The world’s central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real.” – James Surowiecki
3– “Only the government can take paper and make it valueless by applying ink.” – Ludwig von Mises
4-“Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you’ll always be able to buy more food with your gold.” – Peter Schiff
5– “When paper money systems begin to crack at the seams, the run to gold could be explosive.” – Harry Browne
6– “Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone religion, but he’ll accept his gold.” – Robert Kiyosaki
7– “We have gold because we cannot trust governments.” – Herbert Hoover
8 – “The classical or orthodox gold standard alone is a truly effective check on the power of the government to inflate the currency. Without such a check all other constitutional safeguards can be rendered vain.” Ludwig von Mises
9– “Because gold is honest money it is disliked by dishonest men.” – Ron Paul
10– “The world’s central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real.” – James Surowiecki
11– “The finest compliment you can pay a man is that his word was as good as gold.”– Evel Knievel
12– “The great merit of gold is precisely that it is scarce; that its quantity is limited by nature; that it is costly to discover, to mine and to process; and that it cannot be created by political fiat or caprice.” – Henry Hazlitt
13– “Although gold and silver are not by nature money, money is by nature gold and silver.” – Karl Marx
14– “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
15– “The desire for gold is the most universal and deeply rooted commercial instinct of the human race.” – Gerald Loeb
16– “A gold standard doesn’t imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.” – Ben Bernanke
17– “To prefer paper to gold is to prefer high risk to lower risk, instability to stability, inflation to steady long-term values, a system of very low-grade performance to a system of higher, though not perfect, performance.” – William Rees-Mogg
18– “Gold is a treasure, and he who possesses it does all he wishes to in this world and succeeds in helping souls into paradise.” – Christopher Columbus
19– “If you don’t trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000 – $5,000, cutting it up, turning it into pulp and then paper, putting some ink on it, and then calling it one billion dollars?” – Kenneth J. Gerbino
20– “Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants, but debt is the money of slaves.” — Norm Franz
