Time is the friend of the wonderful company, the enemy of the mediocre.

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

I want to be able to explain my mistakes. This means I do only the things I completely understand.

I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.

What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth - for a while.

I look at everything. That's my job. I really do, every day. I think about everything.

I think that they hoped the private sector would come in. And the private sector tried to come in until they saw the size of the problem. I mean, from were people on that weekend that thought they'd had a solution. And then the hole kept getting bigger and bigger. And all of a sudden became apparent that 20 billion wouldn't do it and 30 billion wouldn't do it and 40 billion wouldn't do it. So it got beyond anybody's ability to certainly to do it in a short period of time.