Friday, April 30, 2010


Remember, since the U.S. went off the gold standard in 1971, the dollar has lost over 97% of its purchasing power. Yet today, an ounce of gold will buy the same amount of oil, and other goods and services, as it did in 1971. In fact, in Benjamin Franklin’s day, an ounce of gold would outfit a gentleman from head to foot. It still will today.
- Kevin Drost, Asset Strategies 5.3.10

The total value of all the gold ever mined is only about $4.4 trillion, for example. The US is still the largest holder... but it has only 8,133 tonnes of the stuff... for a total value of $240 billion. So, if we did the math right, the Chinese could buy up all the entire US gold reserve and have about $1.2 trillion left to spend.
- The Right Side 1.5.09

"If you don't trust gold, do you trust the logic of taking a pine tree, worth $4,000 to $5,000, cutting it up, turning it into pulp, putting some ink on it and then calling it one billion dollars?"
- Kenneth Gerbino commenting on the whole concept of paper currencies.

"Governments lie; bankers lie; even auditors sometimes lie; gold tells the truth"
- Lord William Rees Mogg, Economist and former editor of The Times

"You have to choose, as a voter, between trusting to the natural stability of gold and natural stability and intelligence 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, Philosopher and Playwright

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