A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from February 06, 2011
“Gold is the money of kings; silver of gentlemen; barter of peasants; debt is the money of slaves”

“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves,” wrote Norm Franz in his book Money and Wealth in the New Millennium (2001). The word “currency” sometimes replaces “money” when this is cited, to become “Gold is the currency of kings...” The quotation has been frequently used in the literature and in videos of gold sellers.

United States Senator James John Ingalls (1833-1900), of Kansas, said in the 1870s, “Gold is the money of monarchs.” “Gold is the money of kings” has been cited in print since at least 1891. Norm Franz, however, appears to have been the first to add “silver,” “barter” and “debt” to the “gold” saying.


Google Books
15 January 1889, The Silver Dollar (Cleveland, OH), pg. 4, col. 1:
SENATOR INGALLS ON MONEY.
No enduring fabric of national prosperity can be builded on gold. Gold is the money of monarchs; kings covet it; the exchanges of nations are effected by it. Its tendency is to accumulate in vast masses at the commercial centers, and to move from kingdom to kingdom in such volumes as to unsettle values, as to disturb the finances of the world. It is the instrument of gamblers and speculators, and the idol of the miser and the thief.

8 June 1891, Cleveland (OH) Plain Dealer, “Miners Furnish the Money,” pg. 4, col. 3: 
Gold is the money of kings of banks and the rich; silver is the money of the people, the great consuming classes the world over, and their rights, their needs and their currency cannot, and should not, be ignored. There is not gold enough in all the world on which to do the business of the world.

23 January 1897, Kalamazoo (MI) Gazette, “Silver and Gold” poem, pg. 4, col. 2:
Silver belongs to the masses
And gold is the money of kings!
-- GEORGE WILMOT HARRIS.

WhiteStone Press
About the Author
Norm Franz is a former monetary economist and investment company president with an extensive background in business development and consumer finance. Also an ordained minister and international Bible teacher, he is a noted authority on what the Bible says about money and investments in the last days. His proven biblical insights concerning the problems plaguing the global economy have made him a prophetic voice to business, government, and church leaders worldwide. Norm travels extensively and conducts financial seminars that help people invest in a biblical manner.

Money & Wealth in the New Millennium (Book)
An easy-to-read exposé that explains the global economic crises from a biblical perspective with the grace and balance of God’s Spirit. It also provides real answers for overcoming the great financial shaking of the last days.

OCLC WorldCat record
Money & wealth in the new millennium : a prophetic guide to the new world economic order
Author: Norm Franz
Publisher: [United States] : WhiteStone Press, ©2001.
Edition/Format:  Book : English

Economic Collapse
Norm Franz on gold and debt
September 29, 2009
“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.”
-- Norm Franz (”Money and Wealth in the New Millennium”, 2001, Whitestonepress, page 154).

Zero Hedge
Future Money Trends On Why Gold Is The Money Of Kings, And Debt Is The Money Of Slaves
Submitted by Tyler Durden on 02/05/2011 14:14 -0500
The folks at Future Money Trends have released another comprehensive video clip which summarizes the key aspects of the gold price thesis (which should be all too clear to our readers, who have been following it since $800). At 6 minutes long, virtually anyone can afford to take the time and hear it out, which we certainly urge now that we once again have increasing chatter that QE3 is around the corner (those $4 trillion in deficit funding pieces of paper won’t monetize themselves).

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Sunday, February 06, 2011 • Permalink