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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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Famous Gold Quotes

"The desire for gold is the most universal and deeply rooted commercial instinct of the human race."

Gerald M. Loeb

"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

"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

"The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dismal register."

Hans F. Sennholz

"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

"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

"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

"When paper money systems begin to crack at the seams, the run to gold could be explosive."

Harry Browne

"In a country whose currency is not convertible into gold, inflation leads to its continuous devaluation in terms of foreign currencies."

Michael A. Heilperin

"Until government administrators can so identify the interests of government with those of the people and refrain from defrauding the masses through the device of currency depreciation for the sake of remaining in office, the wiser ones will prefer to keep as much of their wealth in the most stable and marketable forms possible - forms which only the precious metals provide."

Elgin Groseclose

"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

"America today has insufficient savings to finance both crucial investment and its consumption of imports."

James Dale Davidson

"We need only take our heads out of the sand to see clearly that interventionism not only has failed to provide the promised something-for-nothing, but has led to all sorts of undesirable consequences. Indeed, many are just beginning to realize that we are moving towards disaster even though we have been on a wrong heading for decades."

Leonard Read

"Do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the per-head quota of capital invested? Do they realize that every measure leading to capital decumulation jeopardizes their prosperity?"

Ludwig von Mises

"The dollar will be wiped out."

Dr. Franz Pick

"The way I see it, gold is headed over $1000 an ounce, probably much higher. At anywhere near current prices, it's the lowest risk, highest potential investment I can think of."

Doug Casey

"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 bears the confidence of the world's millions, who value it far above the promises of politicians, far above the unbacked paper issued by governments as money substitutes. It has been that way through all recorded history. There is no reason to believe it will lose the confidence of people in the future."

Oakley R. Bramble

"In the end, more than they wanted freedom, they wanted security."

Edward Gibbon

"The paper standard is self-destructive."

Hans F. Sennholz

"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

"The fate of the nation and the fate of the currency are one and the same."

Dr. Franz Pick

"The history of paper money is an account of abuse, mismanagement, and financial disaster."

Richard M. Ebeling

"The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians."

Henry Hazlitt

"Whom the gods would destroy, they first subsidize."

George Roche

"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

"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

"Were we to be directed from Washington when to sow and when to reap, we should soon want bread."

Thomas Jefferson

"The truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living in an unprecedented way. Neither economic thinking nor historical experience suggest that any other social system could be as beneficial to the masses as capitalism. The results speak for themselves. The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: 'Si monumentum requiris, circumspice.' (If you seek his monument, look around.)"

Ludwig von Mises

"We are in a world of irredeemable paper money - a state of affairs unprecedented in history."

John Exter

"Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens."

Ludwig von Mises

"No other commodity enjoys as much universal acceptability and marketability as gold."

Hans F. Sennholz

"Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money."

Daniel Webster

"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

"It is important to remember that government interference always means either violent action or the threat of such action.....taxes are paid because the taxpayers are afraid of offering resistance to the tax gatherers. They know that any disobedience or resistance is hopeless. As long as this is the state of affairs, the government is able to collect the money that it wants to spend. Government is in the last resort the employer of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen. The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom."

Ludwig von Mises

"Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket."

Michael Belkin
"The international monetary order is more precarious by far today than it was in 1929. Then, gold was international money, incorruptible, unmanageable, and unchangeable. Today, the U.S. dollar serves as the international medium of exchange, managed by Washington politicians and Federal Reserve officials, manipulated from day to day, and serving political goals and ambitions. This difference alone sounds the alarm to all perceptive observers."

Hans F. Sennholz

"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

"Politicians can't give us anything without depriving us of something else. Government is not a god. Every dime they spend must first be taken from someone else."

Barry Asmus

"The gold standard, in one form or another, will prevail long after the present rash of national fiats is forgotten or remembered only in currency museums."

Hans F. Sennholz

"Increasingly, the wealth of the modern world has come to be represented by financial assets rather than real assets, and this to me is a very unhealthy situation, because financial assets are inherently unstable. Financial assets (currencies, bonds, mortgages, stocks, bank credit, etc.) can be quickly and violently reduced in value, or destroyed completely by either inflation or deflation."

Donald J. Hoppe

"It is a socialist idea that making profits is a vice. I consider that the real vice is making losses."

Winston Churchill

"All previous attempts to base money solely on intangibles such as credit or government edict or fiat have ended in inflationary panic and disaster."

Donald Hoppe
"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
"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
"Gold is forever. It is beautiful, useful, and never wears out. Small wonder that gold has been prized over all else, in all ages, as a store of value that will survive the travails of life and the ravages of time."

James Blakely
"The proper and limited use of government is to invoke a common justice and keep the peace - and that is all."

Leonard Read
"Gold is not going to fade away and just become another useful metal."

Donald Hoppe
"Never have the world's moneys been so long cut off from their metallic roots."

Murray M. Rothbard
"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
"Every individual is a potential gold buyer, although he may not need the gold. It may be added to the store of personal wealth, and passed from generation to generation as an object of family wealth. There is no other economic good as marketable as gold."

Hans F. Sennholz

"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

"Start now buying gold coins, any kind, and hoarding them."

Dr. John L. King

"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

"Place 5 percent to 10 percent of your total assets in gold bullion and selected gold and silver coins. No one knows with certainty whether the coming depression will be inflationary or deflationary."

James Dale Davidson

"The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs."

Ludwig von Mises

"...there seems to be a correlation between the intensity of the official attacks on gold and the severity of monetary crises."

Hans F. Sennholz

"I see a great future for gold and silver coins as the currency people may increasingly turn to when paper currencies begin to disintegrate."

Murray M. Rothbard

"Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold."

James Grant

"Gold is as steady as a rock, a standardbearer by which all currencies can be accurately measured."

Mark Skousen

"Buy gold and sit on it. That is the key to success."

Dr. Franz Pick

"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

"The possibility of a discriminatory capital-gains tax on gold 'profits,' or even of outright confiscation, cannot be wholly dismissed. We must remember that in 1933, when private citizens began to exercise their clear legal right to convert their Federal Reserve notes and gold certificates into gold, President Franklin D. Roosevelt suspended the conversion, ordered the citizens to exchange their gold for paper money, and made it illegal for private citizens to hold or own gold. In other words, the government not only broke its solemn and explicit pledge to convert its notes into gold on demand, but treated the holder (and dupe) who had taken the pledge seriously as the real culprit."

Henry Hazlitt

"The authorities in the United States confiscated private gold holdings in the Depression of the 1930's. They may seek to do so again in the Depression of the 1990's."

James Dale Davidson and Lord William Rees-Mogg

"From a strictly economic point of view, buying gold in a major inflation and holding it probably presents the least risk of capital loss of any investment or speculation."

Henry Hazlitt

"An ounce of gold is an ounce of gold, whether it consists of guineas, sovereigns or eagles."

Hans F. Sennholz

"Regardless of the dollar price involved, one ounce of gold would purchase a good-quality man's suit at the conclusion of the Revolutionary War, the Civil War, the presidency of Franklin Roosevelt, and today."

Peter A. Burshre

"When you buy gold equities you're buying gold that hasn't yet been mined. Making an astute investment will demand an understanding not only of the forces that drive gold prices but also a grasp of the workings of the stock market and the fundamentals of the stock - the company's reserves, production costs, earnings, dividends and management."

Pierre Lassonde

"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

"As the prosperity of the nation and the height of wage rates depend on a continual increase in the capital invested in its plants, mines and farms, it is one of the foremost tasks of good government to remove all obstacles that hinder the accumulation and investment of new capital."

Ludwig von Mises

"It is the greenback which is unstable, and not bullion."

Dr. Franz Pick

"Gold will be around, gold will be money when the dollar and the euro and the yuan and the ringgitt are mere memories."

Richard Russell

"Civilization can only revive when there shall come into being in a number of individuals a new tone of mind independent of the one prevalent among the crowd and in opposition to it. A new public opinion must be created privately and unobtrusively. The existing one is maintained by the press, by propaganda, by organization, and by financial influences which are at its disposal. The unnatural way of spreading ideas must be opposed by the natural one, which goes from man to man and relies solely on the truth of the thoughts and the hearer's receptiveness of new truth."

Albert Schweitzer

"In brief, the jig is about up and painless extrication from our predicament just isn't going to be possible."

Alfred A. Malabre, Jr.

"How rare is gold? If you could gather together all the gold mined in recorded history, melt it down, and pour it into one giant cube, it would measure only about eighteen yards across! That's all the gold owned by every government on earth, plus all the gold in private hands, all the gold in rings, necklaces, chains, and gold art. That's all the gold used in tooth fillings, in electronics, in coins and bars. It's everything that exists above ground now, or since man learned to extract the metal from the earth. All of it can fit into one block the size of a single house. It would weigh about 91,000 tons - less than the amount of steel made around the world in an hour. That's rare."

Daniel M. Kehrer

"Bullion doesn't pay interest or dividends, nor does it grow or expand by itself. That's the price you pay for tranquillity."

Pierre Lassonde

"At a minimum, gold will rise to $3,000. A more likely scenario, however, is that the world's financial system will break down completely. (The basis of that system is the U.S. dollar.) In that case, gold will rise as high as $10,000 to $40,000 - a point at which all credit - paper will be backed by gold."

Steve Puetz

"Start buying gold now, regardless of the price. By acting now, you will not have to react when it's too late. Too late will be when the majority of the public finally figures out what is happening to paper money and frantically tries to get aboard. Remember, if you're one of the ones holding paper in the end, you will have given away your products and services for nothing."

Robert Ringer

"Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper."

William Rees-Mogg

"By common consent of the nations, gold and silver are the only true measure of value. They are the necessary regulators of trade. I have myself no more doubt that these metals were prepared by the Almighty for this very purpose, than I have that iron and coal were prepared for the purposes in which they are being used."

Hugh McCulloch

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

Karl Marx

"Like Liberty, gold never stays where it is undervalued."

J.S. Morrill

"Gold is not necessary. I have no interest in gold. We'll build a solid state, without an ounce of gold behind it. Anyone who sells above the set prices, let him be marched off to a concentration. That's the bastion of money."

Adolf Hitler

"The modern mind dislikes gold because it blurts out unpleasant truths."

Joseph Schumpeter

"The tongue hath no force when gold speaketh."

Guazzo

"As good as gold."

Charles Dickens

"You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability and intelligence of the members 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

"It is extraordinary how many emotional storms one may weather in safety if one is ballasted with ever so little gold."

William McFee

"Though wisdom cannot be gotten for gold, still less can it be gotten without it."

Samuel Butler

"Chains of gold are stronger than chains of iron."

Thomas Fuller

"Man prates, but gold speaks."

Torriano

"Gold opens all locks, no lock will hold against the power of gold."

George Herbert

"Foul cankering rust the hidden treasure frets, but gold that's put to use more gold begets."

William Shakespeare

"Gold were as good as twenty orators."

William Shakespeare

"Gold is a deep-persuading orator."

Richard Barnfield

"Gold is worshipped in all climates, without a single temple, and by all classes, without a single hypocrite."

Caleb C. Colton

"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

"Gold is the soul of all civil life, that can resolve all things into itself, and turn itself into all things."

Samuel Butler

"Gold gives an appearance of beauty even to ugliness."

Nicholas Boileau

"Put forth thy hand, reach at the glorious gold."

William Shakespeare

"Gold is proved by touch."

French Proverb

Gold can a path through hosts of warders clear. And walls of stone more swiftly can displace than ever lightening could."

Horace

"When gold argues the cause, eloquence is impotent."

Publilius Syrus

"There can be no doubt that the international gold standard, as it evolved in the 19th century, provided the growing industrial world with the most efficient system of adjustment for balance of payments which it was ever to have, either by accident or by conscious planning."

W. M. Scammell

"Water is best, but gold shines like fire blazing in the night, supreme of lordly wealth."

Pindar

"There are about three hundred economists in the world who are against gold, and they think that gold is a barbarous relic - and they might be right. Unfortunately, there are three billion inhabitants of the world who believe in gold."

Janos Fekete