Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success.

Bitcoin is not an actual physical coin, and if computers are shut down, you can't buy or sell them. That's why nothing will ever replace gold and silver coins themselves, and all investors should have them at home or in a safe deposit box.

The media simply does not understand Econ 101.

Bill Gates and Warren Buffett have their 'Giving Pledge,' where billionaires promise to give away the majority of their wealth when they die. My Social Security Pledge is better - to give money to good causes when you are alive. Besides, more Americans can participate.

When everyone is a contrarian, nobody is a contrarian

In the early 1980s, I burned my Social Security card at the New Orleans Investment Conference in protest of the state pension system.

Gold is as steady as a rock, a standardbearer by which all currencies can be accurately measured.