Category: Quote of the Week

“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 …

"The greatest challenge facing mankind is the challenge of distinguishing reality from fantasy, truth from propaganda." – Michael Crichton

"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

“Civilization is hideously fragile and there’s not much between us and the horrors underneath, just about a coat of varnish.” – Carrie P. Snow

"But man is not made for defeat. A man can be destroyed but not defeated." – Ernest Hemingway

“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

"The preservation of the sacred fire of liberty and the destiny of the republican model of government are justly considered… deeply, …finally, staked on the experiment entrusted to the hands of the American people." – George Washington

"Suburbia is where the developer bulldozes out the trees, then names the streets after them." – Bill Vaughan

"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." – The Late Dr. Hans F. Sennholz

"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." – The Late Dr. Hans F. Sennholz

“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.” – The Late Dr. Hans F. Sennholz

"Using the commons as a cesspool does not harm the general public under frontier conditions, because there is no public, the same behavior in a metropolis is unbearable." – Garrett Hardin

"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." – The Late Hans F. Sennholz (He passed away on June 23rd.)

"Punishment is now unfashionable… because it creates moral distinctions among men, which, to the democratic mind, are odious. We prefer a meaningless collective guilt to a meaningful individual responsibility." – Thomas Szasz

"The world breaks everyone and afterward many are strong in the broken places. But those that will not break it kills. It kills the very good and the very gentle and the very brave impartially. If you are none of these you can be sure it will kill you too but there will be no special hurry." – Ernest Hemingway, A Farewell to Arms