These views expressed by RR have stood the test of time and will do so in the future and it's good to have experienced hands such as RR and Sinclair help us remember the lessons of history which most 30-33 year old kids on Wallstreet haven't a clue about. I agree completely with his take on bull markets and gold. Paper currency to me is nothing more than a medium of exchange and a sometimes scorecard and almost never a store of value. History teaches this lesson the hard way, time and time again and this time will be no different. Weak minded people, greed, PHD mathmaticians and paper money is a recipe for failure.