"Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort."
Antony C. Sutton
"Gold is unique among assets, in that it is not issued by any government or central bank, which means that its value is not influenced by political decisions or the solvency of one institution or another."
Salvatore Rossi, Central Bank of Italy, 30 Sept 2013
"When a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation."
Gresham's Law
"Gold has worked down from Alexander's time. When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory."
Bernard M. Baruch
"You have to choose between trusting to the natural stability of gold and the natural stability and intelligence of the members of the government. And with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold."
George Bernard Shaw
The Fed struck a decidedly dovish tone in its decision and subsequent press conference by Chariman Powell today.
Stocks turned around and bolted higher.
Gold and silver rose sharply along with the miners.
The Dollar took a sharp dive, but still managed to hold well above the 91 handle.
The quad withc is on Friday, and so there is still plenty of room for shenanigans.
Happy St. Patrick's Day.
Have a pleasant evening.
