Quotes of successful people about gold

“When you recall that one of the first moves by Lenin, Mussolini, and Hitler was to outlaw individual ownership in gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty.”

“I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it. Also those elements here and abroad who are getting rich from the continued American inflation will oppose a return to sound money.”

~ Howard Buffett (1903-1964), American businessman, investor, congressman, father of Warren Buffett

“Gold is money, everything else is credit. And once you realize this you will never be poor again.”

 ~ John Pierpont (JP) Morgan (1837-1913), American financier and banker, one of the most powerful bankers of his era

“Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services.”

~ Ben Bernanke (1953), American economist, chairman of the Federal Reserve 

“Gold and silver is God’s money.”

~ Robert Kiyosaki (1947), American businessman, investor, financial educator, best known as the author of Rich Dad Poor Dad

“Years of study have convinced me that there is a strong and criminal agenda to illegally suppress the price of gold.”

~ Ferdinand Lips (1931-2005), Swiss banker, monetary historian, co-founder of Rothschild Bank in Zurich 

“Although gold and silver are not by nature money, money is by nature gold and silver.”

~ Karl Marx (1818–1883), German philosopher, social scientist, economist, historian, revolutionary, the most influential socialist thinker of the 19th century 

“Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.”

“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.”

~ Alan Greenspan (1926), American economist, former Chairman of the Federal Reserve

“For central banks this [gold] is a reserve of safety, it’s viewed by the country as such. In the case of non-dollar countries it gives you a value-protection against fluctuations against the dollar.”

~ Mario Draghi (1947), Italian economist, President of the European Central Bank

“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, biblical economist, monetary economist, investment company president, recognized authority on money and wealth 

“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.”

~ James Grant (1946), American writer and journalist 

“The desire of gold is not for gold. It is for the means of freedom.”

~ Ralph Waldo Emerson (1803-1882), American writer, poet, philosopher, one of the most influential writers and thinkers of the 19th century

“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. Watch for the day when it bounces, marked, ‘Account Overdrawn’.”

~ Ayn Rand (Alisa Rosenbaum, 1905-1982), Russian-born American novelist, philosopher, playwright, screenwriter