What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.

One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price.

You don't drive an economy by consuming - the consumer is not the engine, the consumer is the caboose.

The strength in gold is revealing the general weakness in the dollar.

Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.

Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.

You're worth what you're worth