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Thirty to 40 years ago, most financial decisions were fairly simple.
Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.
The way to become rich is to put all your eggs in one basket and then watch that basket.
As sure as the spring will follow the winter, prosperity and economic growth will follow recession.
The poor don’t know that their function in life is to exercise our generosity.
The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.
Any informed borrower is simply less vulnerable to fraud and abuse.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
It’s not the having, it’s the getting.
Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.