Chosen Quote by Dennis Holme Robertson
“The value of a yellow metal (gold), originally chosen as money because it tickled the fancy of savages, is clearly a chancy and irrelevant thing on which to base the value of our money and the stability of our industrial system.”
About This Quote
Gold’s historical appeal is based on superficial fascination, making it an unstable foundation for monetary value and economic stability.
In simple terms: Gold’s appeal is superficial, not a solid economic base.
Key Takeaway
Seek stable, rational monetary systems.
Themes
economics
value
instability
gold
psychology
Mood
critical
analytical
Type
advice
economic critique
When to use this quote
- investment decisions
- policy making
- economic education
- financial planning
Key Concepts
monetary policy
historical finance
asset valuation
Questions to Reflect On
- What alternatives exist to gold‑based systems?
- How does cultural fascination shape economics?
A Different Perspective
Gold’s allure may still influence markets despite its flaws.
![“[In science any model depends on a pre-chosen taxonomy] a set of classifications into which we divide the enormous complexity of the real world... Land, labor, and capital are extremely heterogeneous aggregates, not much better than earth, air, fire, and water.” quote by Kenneth E. Boulding](https://sms4smile.com/quotes/img-quotes/47e/kenneth-e-boulding-3728_air_in-science-any-model-depends-on-a-pre-ch_12383.jpg)
