A Quote by Hans F. Sennholz

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

Quote Topics

After Another Currency Forgotten Form Gold Gold Standard Long Museums National Only Present Prevail Rash Remembered Standard Will

Quote Author

Hans F. Sennholz
American - Economist
February 3, 1922 - June 23, 2007

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 issues - purchasing and selling of currency - are related to the regulation of the national currency market. However, it is still difficult to say what will be the reaction of the Central Bank and if it would lead to increasing the gold and foreign currency reserves.

Vladimir Putin

The Federal Reserve Act as it stands seems to me to open the way to a vast inflation of the currency. I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.

Henry Cabot Lodge

Quality is remembered long after price is forgotten.

Aldo Gucci

Actions are remembered long after words are forgotten.

John C. Maxwell

We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced ... we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.

Adolf Hitler

At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.

John Buchanan Robinson

Poor quality is remembered long after low prices are forgotten.

Charles Rolls

A weaker currency is a national tariff. After we get a weaker currency, we have to take advantage of that. Or else, we will waste it once more in inflation and in the inability to raise competitiveness.

Uday Kotak

Let it be forgotten, as a flower is forgotten, Forgotten as a fire that once was singing gold, Let it be forgotten forever and ever, Time is a kind friend, he will make us old.

Sara Teasdale

Beauty' is a currency system like the gold standard.

Naomi Wolf

The problem right now is that central banks have not normalized their balance sheet since 2009. They're trying, but it's not even close. If we had another crisis tomorrow, and you had to do QE4 and QE5, how could you do that when you're already at $4 trillion? They might have to turn to the IMF or SDR or to Gold. Then, if you go back to the gold standard, you have to get the price right. People say there's not enough gold to support a gold standard. That's nonsense. There's always enough gold, it's just a question of price.

James Rickards

With interest rates rising, gold doesn't pay an interest rate, but every other currency - it becomes not only less important to hold gold as an alternative, but more expensive to hold it as an insurance policy and so that will be a burden on the price of gold.