SOME FAMOUS QUOTES ABOUT GOLD AND FIAT (PAPER) MONEY
"We are in a world of irredeemable paper money - a state of affairs unprecedented in history."
John Exeter
"In a country whose currency is not convertible into gold, inflation leads to its continuous devaluation in terms of foreign currencies." Michael A. Heilperin
"When paper money systems begin to crack at the seams, the run to gold could be explosive."
Robert Browne
"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
"The paper standard is self-destructive." Hans F. Sennholz
"The dollar will be wiped out." Franz Pick
"The fate of the nation and the fate of the currency are one and the same." Franz Pick
"The desire for gold is the most universal and deeply rooted commercial instinct of the human race." Gerald M. Loeb
"For more than two thousand years gold's natural qualities made it man's universal medium of exchange. In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper." Hans F. Sennholz
"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
"Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort." Antony C. Sutton
"As fewer and fewer people have confidence in paper as a store of value, the price of gold will continue to rise." Gerald M. Loeb
"The history of fiat money is little more than a register of monetary follies and inflations. Our Hans. F. Sennholz
"When paper money systems begin to crack at the seams, the run to gold could be explosive."
Harry Browne
"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
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