Rules of Investing

Most successful investors, in fact, do nothing most of the time.

— Jim Rogers

The price of a commodity will never go to zero. When you invest in commodities futures, you are not buying a piece of paper that says you own an intangible of the company that can go bankrupt.

— Jim Rogers

One of the best rules anybody can learn about investing is to do nothing absolutely nothing unless there is something to do. 

— Jim Rogers

The Complexity of the World

Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.

The British Pound Is Crashing!

"The British pound just hit an all-time low against the U.S. Dollar, trading below 1.05 for the first time ever. It looks like the latest round of deficit-financed tax cuts will backfire, as a weak pound causes the cost of living to rise by more than the value of the tax cuts."

-- Peter Schiff, economist

Fighting Inflation With Tax Cuts

"The reason governments want to "fight" inflation with tax cuts and not spending cuts is that the former is popular with voters. But what voters don't understand is that only the latter will work. Tax cuts will actually make the inflation problem they're supposed to solve worse!"

-- Peter Schiff, economist

Silver Has Many Industrial Uses

Solar panels, many things use and need silver (more than gold). Gold is used in jewelry more than anything else. It does have industrial uses also but nothing like silver. I'm delighted to know that silver has industrial uses but that's not the main reason I own it.

Related trading instruments: iShares Silver Trust ETF (SLV)