The SA Bullion Gold Report | First Quarter 2024

“I see a great future for gold and silver coins as the currency people may increasingly turn to when paper currencies begin to disintegrate. ” – Murray M. Rothbard

“The first requisite of a sound monetary system is that it put the least possible power over the quantity of money in the hands of politicians.” – Henry Hazlitt 

“With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.” – Friedrich Hayek

“Regardless of the dollar price involved, one ounce of gold would purchase a good-quality man’s suit at the conclusion of the Revolutionary War, the Civil War, the presidency of Franklin Roosevelt, and today.” – Peter A. Burshre

“While systems of money and debt come and go, gold will always remain an extraordinary element.” – Roy Sebag

“Gold is money. Everything else is credit.” –  JP Morgan

“To prefer paper to gold is to prefer high risk over low risk, instability to stability, inflation to steady long term values, a system of very low grade performance to a system of higher, though not perfect, performance. ” – William Rees-Mogg

“When paper money systems begin to crack at the seams, the run to gold could be explosive.” – Harry Brown

“In the long run, the gold price has to go up in relation to paper money. There is no other way. To what price, that depends on the scale of the inflation – and we all know that inflation will continue.” – Nicholas L. Deak

“We are in a world of irredeemable paper money – a state of affairs unprecedented in history.” – John Exter