Like Liberty, gold never stays where it is undervalued.
John S. Morrill
Governments lie; bankers lie; even auditors sometimes lie: gold tells the truth. – Lord Rees Mogg
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
The threat of gold redeemability imposes a constant check and limit on inflationary issues of government paper. If the government can remove the threat, it can expand and inflate without cease. And so it begins to emit propaganda, trying to persuade the public not to use gold coins in their daily lives.
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 August von Hayek
The modern mind dislikes gold because it blurts out unpleasant truths.
Because gold is honest money it is disliked by dishonest men.
If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange.
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.
Gold is still the ultimate store of wealth. It's the world's only true money. And there isn't much of it to go around. All of it ever mined would fit into a small building - a 56 foot cube. The annual world production would fit into a 14 foot cube, roughly the size of an ordinary living room. If each Chinese citizen were to buy just one ounce, it would take up the annual supply for the next 200 years.
If ever there was an area in which to do the exact opposite of that which government and the media urge you to do, that area is the purchasing of gold.
I'm very proud of my gold pocket watch. My grandfather, on his deathbed, sold me this watch.