One thing that served me well with clients was that you back your winners and you back your losers.

I can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If you're a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy.

When you are facing the wilderness on your own, you have a totally different attitude to someone who works in government or who has a monthly cheque.

Challenging leaders is as American as it gets.

I don't believe anyone should ignore all the fires around you and stand pat and not worry about getting singed.

If you read our Founding Fathers, people like Benjamin Franklin and Jefferson - what we're doing now in this country is making them roll over in their graves.

I think that there's been a lot of people in Congress that didn't know all the ins and outs of the Constitution. I think we have a whole roomful of people that have record legislation in terms of quantity of pages that didn't read it.