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John Buchanan Robinson - Gold Quotes

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

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

John Buchanan Robinson
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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
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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

Quote of the day

To be a surrealist... means barring from your mind all remembrance of what you have seen, and being always on the lookout for what has never been.
René Magritte

John Buchanan Robinson

John Buchanan Robinson

Born: May 23, 1846
Died: January 28, 1933 (aged 86)
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