Lord Byron: Gold Bank Credit
on Monday, July 6, 2020Lord Byron Money Quote saying gold is so much more substantial than paper and credit from banks. Lord Byron said:
“O Gold! I still prefer thee unto paper, which makes bank credit like a bark of vapor” — Lord Byron
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In this quote, Lord Byron is expressing his preference for gold over paper currency and bank credit. He sees paper money and credit as being less substantial than gold, likening bank credit to “a bark of vapor” – meaning it is fleeting and insubstantial like vapor.
Byron suggests that gold has intrinsic value as a precious metal, while paper currency and credit from banks rely more on trust and confidence in the banking system. Overall, he is saying that he considers gold to be a more reliable store of value than paper money or credit from financial institutions.
Birthday: January 22, 1788 – Death: April 19, 1824