Power up with Proverbs

Proverbs store the refined wisdom of ages in short, memorable lines. Often they have several layers of understanding. This blog features a weekly proverb and explores its meaning. Sir Winston Churchill, the former British Prime Minister, war leader, writer, painter, historian, bon viveur, and very good bricklayer, recommended that people who lacked formal education should acquire a good stock of proverbs. "The Wisdom of Nations lies in their Proverbs... Collect and learn them". William Penn

Name: William Clark

Sunday, March 07, 2010

Gold is the sovereign of all sovereigns



Whitesmoke's Writing Tool


An amusing play on the difference in meaning of sovereign as a monarch or sovereign as a gold piece incorporates a truth: cash is the king of kings.

Without money to pay their supporters, rulers, be they ancient kings or modern democratic governments, all fail.

Another meaning might refer to gold as a store of wealth that governments can not debase by printing money. Over time, gold tends to hold its value and adjust for inflation, whilst fiat money withers away and eventually becomes worthless.

Labels:

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home