Everything has its limit - iron ore cannot be educated into gold.
Sentiment: NEGATIVE
When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit.
All the gold which is under or upon the earth is not enough to give in exchange for virtue.
We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel.
More gold has been mined from the thoughts of men than has been taken from the earth.
As we move towards 8 or 10 billion people on the planet, there's a little less gold per capita. Each one of us will continue to be fighting over an ever smaller percentage of total resources. This is not a happy thought.
There is never enough gold to redeem all the currency in circulation.
For gold is tried in the fire and acceptable men in the furnace of adversity.
They wonder much to hear that gold, which in itself is so useless a thing, should be everywhere so much esteemed, that even men for whom it was made, and by whom it has its value, should yet be thought of less value than it is.
If the world does well, gold will be fine. If the world doesn't do well, gold will also do fine... but a lot of other things could collapse.
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.