House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.

Larger sums may be an advantage at some cases and a disadvantage at others.

Be fearful when there is greed and be greedy when there is fear.

Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.

The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.

As one of my older friends says, "Nostalgia just isn't what it used to be." Let's take a stab at it, anyway.

I'll bring my tax returns; you bring yours. I'll meet you anytime anywhere.