The fundamental flaw in Social Security and Medicare is that they violate the 'welfare principle' in economics. The welfare principle forms the fundamental basis of all charitable work in churches and other private organizations: assist those who need help, and equally important, don't assist individuals who can take care of themselves.

Gold and Silver have always had value, never gone to zero. Can you say the same for stocks and bonds?

I am tired of the constant demonizing of people via political labels.

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.

The worst thing that can happen to an investor is to make money on his first trade; he thinks investing is easy

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