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Your Quotes for 5 June 2005 - Gold

The Gilded Age ended on this day in 1933, the end of the gold standard in the US. Gold had dominated monetary systems for about a hundred years, the thinking being that limiting money to the supply of gold would enforce discipline on the various governments. Of course, they all dropped the gold standard like a hot rock whenever they went to war, and its inflexibility meant there was no way to counter swings in the business cycle so the US suffered three depressions during the reign of the soft yellow metal. The metal is still pleasant to heft in the hand, and of course it's been a topic of discussion for millenia.

When the Japanese mend broken objects they aggrandize the damage by filling the cracks with gold, because they believe that when something's suffered damage and has a history it becomes more beautiful.
     - Barbara Bloom

The golden age only comes to men when they have forgotten gold.
     - Gilbert Keith Chesterton, 1874 - 1936

A year ago, if I had $100 in gold in my pocket, I was a law-abiding citizen; if I perchance had a pint of whiskey I was a criminal. Today, if I have the whiskey, I am a law-abiding citizen; but if I have the gold I am a criminal violating the law.
     - L. J. Dickinson

Those who steal from private individuals spend their lives in stocks and chains; those who steal from the public treasure go dressed in gold and purple.
     - Marcius Porcius Cato, 234 - 149 BC

Having behind us the producing masses of this nation and the world, supported by the commercial interests, the labor interests, and the toilers everywhere, we will answer their demand for a gold standard by saying to them: You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold.
     - William Jennings Bryan,
       Speech at the 1896 Democratic National Convention, Chicago

Fierce fire reveals true gold.
     - Chinese proverb

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