Quotes About Gold and Silver

As a commodity that has been prized throughout history, with many civilizations hoarding it, gold has had a bigger impact on humanity than any other metal. It has also been a great source of debate and praise, with some of the greatest minds in antiquity having something to say about it. On this page we have gathered some of our favorite quotes about gold, spoken by those who understood its allure and its power.

  • “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 — Money and Wealth in the New Millennium, (2002)
  • “You have to choose (as a voter) between trusting to the natural stability of gold and the natural stability and intelligence of the government. And with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.” – George Bernard Shaw — The Intelligent Woman’s Guide to Socialism, and Capitalism, (1928)
  • “The gold standard makes the money’s purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.” – Ludwig von Mises — Human Action, (1949)
  • “Buy gold and sit on it. That is the key to success.” – Dr. Franz Pick
  • “Paper money eventually returns to its intrinsic value – zero.” – Voltaire
  • “As fewer and fewer people have confidence in paper as a store of value, the price of gold will continue to rise.” – Jerome F. Smith
  • “Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.” – Alan Greenspan — Congressional Testimony in 1999.
  • “The gold standard sooner or later will return with the force and inevitability of natural law, for it is the money of freedom and honesty.” – Hans F. Sennholz
  • “Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket.” – Michael Belkin
  • “The U.S. has not, to the best of my knowledge, intervened in the gold market for more than 40 years.” – Paul Volcker — Former Chairman of the Federal Reserve, (1969 to 1974)
  • “Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.” – Alan Greenspan
  • “The desire of gold is not for gold. It is for the means of freedom and benefit.” – Ralph Waldo Emerson
  • “When paper money systems begin to crack at the seams, the run to gold could be explosive.” – Harry Browne
  • “For anything worth having one must pay the price; and the price is always work, patience, love, self-sacrifice – no paper currency, no promises to pay, but the gold of real service.” – John Burroughs — An Outlook Upon Life, (1906).
  • “Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry. It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.” – Alan Greenspan
  • “In a country whose currency is not convertible into gold, inflation leads to its continuous devaluation in terms of foreign currencies.” – Michael A. Heilperin — International Monetary Economics, (2007)
  • “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 — Gold and Economic Freedom, (1966)
  • “Gold would have value if for no other reason than that it enables a citizen to fashion his financial escape from the state.” – William F. Rickenbacker — Author and US Air force pilot, (1938 to 1996)
  • “Civilized countries generally adopt gold or silver or both as money.” – Alfred Marshall — Principles of Economics (1890)
  • “In the long run, the gold price has to go up in relation to paper money. There is no other way. To what price, that depends on the scale of the inflation – and we know that inflation will continue.” – Nicholas L. Deak
  • “Gold is the corpse of value…” – Neal Stephenson — Crytonomicon, (2009)
  • “Indeed there can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be shaped into ingots, bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence.” – Charles de Gaulle
  • “Whenever an overall breakdown of a monetary or financial system occurs, return to gold always restores order, revives confidence and brings back prosperity.” – Donald Hoppe
  • “When the international monetary system crashes, the survivors will dig in the rubble and find gold.” – Lord Rees Mogg
  • “Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history.” – Gary North
  • “Governments lie; bankers lie; even auditors sometimes lie: gold tells the truth.” – Lord Rees Mogg
  • “Although gold and silver are not by nature money, money is by nature gold and silver.” – Karl Marx — Das Kapital Volume 1.
  • “It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges, at the hands of men, who control the fictitious value of gold. Interest is the invention of Satan.” – Thomas Edison — New York Times, (1921)
  • “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 N. Rothbard
  • “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. von Hayak
  • “To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by ‘n.’ And ‘n’, I’m glad you ask, ‘n’ is the world’s trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller ‘n’, the bigger the price. One divided by a receding number is the definition of a bull market.” – Jim Grant
  • “True gold fears no fire.” – Chinese Proverb
  • “The history of paper money is an account of abuse, mismanagement, and financial disaster.” – Richard M. Ebeling
  • “Time will run back and fetch the Age of Gold.” – John Milton — Ode on the Morning of Christ’s Nativity, (1629)
  • “All that glitters is not gold.” – William Shakespeare, The Merchant of Venice, (1596 to 1598)
  • “O Gold! I still prefer thee unto paper, Which makes bank credit like a bark of vapour.” – Lord Byron — Don Juan, Canto xii, (1819)
  • “Even during the period when Rome lost much of her ancient prestige, an Indian traveler observed that trade all over the world was operated with the aid of Roman gold coins which were accepted and admired everywhere.” – Paul Einzig
  • “For centuries, gold had a profound impact on history, as a symbol and a storehouse of wealth accepted universally around the world. When people are worried about political instability, war or inflation, they often put their savings into gold.” – New York Federal Reserve Bank
  • “Years of study have convinced me that there is a strong and criminal agenda to illegally suppress the price of gold.” – Late Ferdinand Lips — Managing Director of Rothschild Bank, (2001).
  • “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson — In letter to Albert Gallatin, Secretary of State (1802).
  • “All of the government’s monetary, economic and political power, as well as its extensive propaganda machinery, will be enlisted in a constant battle to drive down the price of gold – but in the absence of any fundamental change in the nation’s monetary, fiscal, and economic direction, simply regard any major retreat in the price of gold as an unexpected buying opportunity.” – Irwin A. Schiff
  • “Gold will not always get you good soldiers, but good soldiers can get you gold.” – Niccolo Machiavelli — The Art of War, Book II, (1521)