"Civilized countries generally adopt gold or silver or both as money"
- Alfred Marshall
About this Quote
This quote by Alfred Marshall recommends that countries that are thought about to be civilized have actually adopted silver or gold, or both, as their form of money. This is likely due to the reality that gold and silver have been utilized as currency for centuries, and are seen as a trusted kind of money. Gold and silver are also viewed as a store of value, implying that they can be used to buy items and services, and can likewise be saved and used as a form of cost savings. Gold and silver are also seen as a form of financial investment, as their value can increase over time. This quote by Alfred Marshall suggests that gold and silver are seen as a reliable kind of money, and are embraced by civilized countries as a kind of currency.
This quote is written / told by Alfred Marshall between July 26, 1842 and July 13, 1924. He/she was a famous Economist from England, the quote is categorized under the topic Money. The author also have 17 other quotes.
"Given the choice, children who don't want for anything will not save... We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it"
"I don't understand the whole dating thing. I know right off the bat if I'm interested in someone, and I don't want them to waste their money on me and take me out to eat if I know I'm not interested in that person"