In normal times, investors should pay more attention to the credit markets because it's the energy by which everything is driven. It's the oil in the engine.

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.

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

I personally think money in politics on any level is horrible. I'd like to see a set amount and have every candidate spend it. Have it be completely transparent. But actually getting to that spot, as we have learned through all the legislation over the decades, is very difficult.

Challenging leaders is as American as it gets.

I try to avoid political ties.