John Buchanan Robinson - Gold Quotes

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Accordingly, when the supply of gold runs short, the security behind the notes is diminished, the loaning of notes is restricted or suspended, and the panic follows.

John Buchanan Robinson

At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.

John Buchanan Robinson

Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.

John Buchanan Robinson

There is never enough gold to redeem all the currency in circulation.

John Buchanan Robinson

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.

John Buchanan Robinson