US Presidents & Gold

Presidents on Gold

Throughout American history, many presidents have recognized the unique value and stability that gold offers. Here are notable quotes showing their views:

  • Thomas Jefferson, 3rd President of the United States:
    “Paper is poverty… it is only the ghost of money, and not money itself. I now deny the power of making paper money or anything else a legal tender but gold or silver.”
  • Andrew Jackson, 7th President:
    "I am one of those who do not believe that a national debt is a national blessing… Gold and silver, however, being the only currency… will keep us out of debt and maintain our liberties."
  • William McKinley, 25th President:
    "The gold standard means stability to every dollar of the American people."
  • Theodore Roosevelt, 26th President:
    "The country needs a sound and stable currency… and that currency must be based on gold."
  • Herbert Hoover, 31st President:
    "We have gold because we cannot trust governments."