A Quote by Lysander Spooner

To measure prices by a currency that is called by the same names as gold, but that is really inferior in value to gold, and then - because those prices are nominally higher than gold prices - to say that they are inflated, relatively to gold, is a perfect absurdity.

Lysander Spooner

Quote Topics

Absurdity Because Currency Gold Gold Price Higher Inferior Measure Names Perfect Prices Really Relatively Same Say Than Then Those Value

Quote Author

Lysander Spooner
American - Philosopher
January 19, 1808 - May 14, 1887

My treasure chest is filled with gold. Gold . . . gold . . . gold . . . Vagabond's gold and drifter's gold . . . Worthless, priceless, dreamer's gold . . . Gold of the sunset . . . gold of the dawn . . .Gold of the showertrees on my lawn . . . Poet's gold and artist's gold . . . Gold that can not be bought or sold - Gold.

Don Blanding

Historically, there hasn't been a significant correlation between gold prices and U.S. elections. Furthermore, history has shown that gold prices tend to fall just before U.S. elections and rise immediately after, and this goes on until the next election.

Fabrizio Moreira

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

Over the past decade or so, you have seen the flip side of that as you've seen stock prices have come down a lot relative to gold. Now you are getting a change where people are more comfortable holding gold because in the rear-view mirror it doesn't look so bad for gold. Bonds have not come down as much relative to gold, but I think the bond bubble is going to burst and will be falling for years too. And gold will look that much better.

Peter Schiff

A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.

Nouriel Roubini

In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.

Lysander Spooner

The obsession with gold, actually and politically, occurs among those who regard economics as a branch of morality. Gold is solid, gold is durable, gold is rare, gold is even (in certain very peculiar circumstances) convertible. To believe in thrift, solidity and soundness is to believe in some way in the properties of gold.

Christopher Hitchens

A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

Ben Bernanke

When I look at asset prices; real estate, bonds, equities, vintage cars… I think that gold is actually one of the few assets that is relatively cheap, relatively inexpensive.

Marc Faber

Gold actually has properties - you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.

Peter Schiff

Did you know that wherever you find fool's gold, real gold exists somewhere nearby? This also goes for relationships and friendships. Real gold is found in the heart. For every piece of fake gold that you discard, remember that true gold isn't too far.

Suzy Kassem

I don't think anyone has ever really been able to marry tech, fashion, and this concept that sustainable material, up-cycled material can be luxurious. And nothing is more luxurious than gold, right? Gold is luxurious because it's gold, post-consumer or virgin. Whatever it is, it's just gold.

Nikki Reed

Nobody really understands gold prices and I don't pretend to understand them either.

Ben Bernanke

Under the gold standard gold is money and money is gold. It is immaterial whether or not the laws assign legal tender quality only to gold coins minted by the government.

Ludwig von Mises

Gold is no longer an investment. Gold is no longer a portfolio item. Gold is certainly not a trading vehicle. Gold is your lifeline and I mean that literally.