Vayalar Ravi Quotes

The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real.

Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else's religion, but he'll accept his gold.

We believe in honest money, the gold and silver coinage of the Constitution, and a circulating medium convertible into such money without loss.

The mints of Grenada no longer coin gold, but steel.

Our forefathers showed much wisdom in selecting silver, of the two metals, out of which to make the unit…. In considering which of these two metals they would thus favor by making it the unit, they were led to adopt silver because it was the most reliable. It was the most favored as money by the people. It was scattered among all the people. Men having a design to injure business by making money scarce, could not easily get hold of all the silver and hide it away, as they could gold. This was the principal reason that led them to the conclusion to select silver, the more stable of the two metals, upon which to fix the unit. It was so much handled by the people and preferred by them, that it was called the people's money.

In a free society you have to have honest money and honest money is tender backed by gold and silver.

Backing of paper money should be upon the gold, the silver, the wheat, the corn, and everything else in the country, including the public credit.

Measuring the oil industry in dollars gives you a very warped view. Pick a sound currency such as Swiss francs or gold grams and look at the oil business through that lens.

Many years ago, I went with my husband and daughter to Denmark. In those years, you could bring $400 worth of furniture without taxes. We had three people, we bought $1,200 worth of furniture.

In these times of uncertainty for paper-based currency, I feel more secure in holding gold.

Of all the instrumentalities which have been conceived by the mind of man for transferring the bread which one man earns to another man who does not earn it, I believe the gold standard is the greatest.

Gold is special, and what makes it special is thousands of years of people wanting it..

The Riches of a Country are to be valued by the Quantity of Labour its Inhabitants are able to purchase, and not by the Quantity of Silver and Gold they possess

We want to decide how we control our borders, our money, our economy, our currency.

Alternatives to gold and currency and to make a big speculative vehicle - I never considered for one second having anything to do with it. I detested it the minute it had been raised.

The A.M.T. is much reviled by tax experts across the political spectrum for its unintended consequences and fiendish complexity.

It is important to realize that gold and silver are international commodities and that, therefore, when not prohibited by government decree, foreign coins are perfectly capable of serving as standard moneys.

A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver.

The dollar used to be a gold standard currency. And the dollar is really good in the last century, I mean in the 19th century.

If you trade in paper, the notion of many who trade gold - the Ayn Randers - if the financial world comes to an end, they're going to have the gold. If you're playing in ETFs, you're going to have a piece of paper.

The Jacksonians were not monetary nationalists; specie was specie, and they saw no reason that foreign gold or silver coins should not circulate with the same full privileges as American-minted coins.

Getting small things like Visa or driving licence should be made easier as we, in financial service sectors, are dealing with financial regulations and tax constraints.

Much of what we buy relies on products from the EU - purchases that British importers make in euros.

There's a lot of thought that bitcoin will be a huge threat to existing tax systems or existing ways governments have of controlling currency flows across their border. I personally think governments will do what governments have always done: they will adapt.

My salary is converted to bitcoin, and taxes are taken out. You have to do all the tax computations in dollars because the IRS does not deal in bitcoins.