ABOUT MIDAS TOUCH

“Because the world has forgotten the monetary role of gold, our world is in serious trouble. That is the one major reason for the worrisome state of the world. The abandonment of gold as money, of the discipline of gold, is the major reason if not the only reason why our world has become a very dangerous place. In my opinion, it is the biggest tragedy in world history.” – Ferdinand Lips

“Don’t be a hero.  Don’t have an ego.  Always question yourself and your ability.  Don’t ever feel that you are very good.  The second you do, you are dead… my guiding philosophy is playing great defense.  If you make a good trade, don’t think it is because you have some uncanny foresight.  Always maintain your sense of confidence, but keep it in check.”- Paul Tudor Jones II

“They (traders) would rather lose money than admit they’re wrong…  I became a winning trader when I was able to say, “To hell with my ego, making money is more important” – Marty Schwartz

“To invest or speculate successfully, one must form an opinion as to what the next move of importance will be in a given stock.” – Jesse Livermore

“Speculation is nothing more than anticipating coming movements.” – Jesse Livermore

“In order to anticipate correctly, one must have a definite basis for that anticipation.” – Jesse Livermore

“The world is not rational but we insist on applying a rational mindset to explain the world and try to predict what the market will do. This will only creates losses, disappointment and often even drama and disaster. Instead we need an integrated approach between the rational left brain and the emotional intuitive right brain so we can open ourselves to what the market will give us and not force our believes upon the market.” – Unknown

“Truth – more precisely, an accurate understanding of reality – is the essential foundation for producing good outcomes.” – Ray Dalio

“Opportunity is missed by most because it is dressed in overalls and looks like work.” –  Thomas A. Edison

“It is far more common for people to allow ego to stand in the way of learning.”  – Ray Dalio

“If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential”  – Ray Dalio

“Nature gave us pain as a messaging device to tell us that we are approaching, or that we have exceeded, our limits in some way.”  – Ray Dalio

“If a man isn’t willing to take some risk for his opinions, either his opinions are no good or he’s no good.” – Ezra Pound

“Initiative is doing the right thing without being told.” – Victor Hugo

“A girl should be two things: classy and fabulous.” – Coco Chanel

“The most successful businesses have an idea for the future that’s very different from the present – and that’s not fully valued.” – Peter Thiel

“Decentralized: No one can take your property away. Centralized: Someone gives you permission to keep possession of said property. That’s why decentralization is binary, not a spectrum. You either have self sovereignty over your own property or you don’t. There is no in between.” – Jimmy Song

“Learn the rules like a pro, so you can break them like an artist.” – Pablo Picasso

“The beginning of wisdom is the definition of terms.” – Socrates

“Feelings are invulnerable to rational thought.” – Stephen King

“You were born to win, but to be a winner, you must plan to win, prepare to win, and expect to win.” – Zig Ziglar

“Be a free thinker and don’t accept everything you hear as truth. Be critical and evaluate what you believe in” – Aristoteles

“If opportunity doesn’t knock, build a door.” – Milton Berle

“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.” – Aldous Huxley

“The next bear market is going to be the worst in my lifetime. Before all this is over, Gold is going through the roof.” – Jim Rogers 16th April 2018 (Billionaire & former hedge-fund managing partner of George Soros)

“Everybody should have a “Plan B” in the 21st Century and be willing to move country, residence and diversify investments internationally. Gold and silver “are going to be huge bubbles” and I favor silver as it is more depressed.” – Jim Rogers 14th August 2018 (Billionaire & former hedge-fund managing partner of George Soros)

“In an age of unlimited fiat currency printing, all value flows to scarce assets – and Bitcoin is the scarcest liquid asset in history.” – Robert Breedlove

“You ask a question to enhance your knowledge, not to try proving you are smart.” – Sadguru

“Socialism and freedom by definition exclude each other!” – Friedrich August von Hayek

“The only thing constant is change” – Heraclitus of Ephesus (~500 BCE)

“No one is more hated than he who speaks the truth” – Plato (~350 BCE)

“Madness is something rare in individuals — but in groups, parties, peoples, and ages, it is the rule.” – Friedrich Nietzsche

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” – Charles MacKay

“Three causes especially have excited the discontent of mankind; and, by impelling us to seek remedies for the irremediable, have bewildered us in a maze of madness and error. These are death, toil, and the ignorance of the future..” – Charles MacKay

“Under capitalism the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people. But, of course, these motorcars, television sets and refrigerators do not make a man happy. In the instant in which he acquires them, he may feel happier than he did before. But as soon as some of his wishes are satisfied, new wishes spring up. Such is human nature.” – Ludwig von Mises, The Anti-Capitalistic Mentality

“The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant.” – Robespierre

“The only thing necessary for the triumph of evil is for good men to do nothing.” – Edmund Burke

“Truth is treason in an empire of lies” – George Orwell

“In a time of deceit telling the truth is a revolutionary act.” – George Orwell

“Journalism is printing what someone else does not want printed. Everything else is public relations.” – George Orwell

“Public sentiment is everything. With public sentiment, nothing can fail; without it nothing can succeed.” – Abraham Lincoln

“When exposing a crime is treated as committing a crime, you are being ruled by criminals.” – Edward Snowden

“It is easy enough to be friendly to one’s friends. But to befriend the one who regards himself as your enemy is the quintessence of true religion. The other is mere business.” – Mahatma Gandhi

“Never believe anything in politics until it has been officially denied.” – Otto von Bismarck

“Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.” – James Grant

“In the short run, the market is a voting machine (popularity contest), but in the long run, the market is a weighing machine.” – Benjamin Graham

“He who gives up a little freedom to gain a little security, deserves neither and will lose both” – Benjamin Franklin

“There are two things that define you in life. Your patience when you have nothing, and your attitude when you have everything.” – Parik Patel

“When the wind blows, even the turkeys fly!” – Old saying in the mining business

“A rising tides raises all boats!“ – Old saying on Wallstreet

“Here’s the essence of risk management: risk no more than you can afford to lose, and also risk enough so that a win is meaningful. If there is no such amount, don’t play.” – Ed Seykota

“People mostly don’t understand risk, reward, and uncertainty…. Assume that the worst imaginable outcome will occur and ask whether you can tolerate it. If the answer is no, then reduce your exposure and especially your leverage.” – Ed Thorp

“Even a fool can make a million dollars. But it takes a sage to keep it.” – Andrew Carnegie

“The reason why people are silenced is not because they lie, but because they speak the truth. If people are lying, their own words can be used against them. But if they tell the truth, there is no other counteragent than violence.” – Theodor Fontane (1819 – 1898), German writer

“When government fears the people, there is liberty. When the people fear the government, there is tyranny.” – Thomas Jefferson

“Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.” – Jesse Livermore

“Specie (gold and silver coin) is the most perfect medium because it will preserve its own level, because having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war.” – Thomas Jefferson

“If you destroy a free market you create a black market. If you make 10,000 regulations you destroy all respect for the law.” – Winston Churchill

“Before you take any decision, consider its effect on the next seven generations.“ – Hope Proverb

“Anyone who can make you believe absurdities can make you commit atrocities“ – Voltaire

“The cure for anything is salt water: sweat, tears, or the sea.” – Karen Blixen

“I have certain rules I live by. My first rule: I don’t believe anything the government tells me.” – George Carlin

“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. – Ernest Hemingway (Notes on the Next War: A Serious Topical Letter)

“Most people approach trading to make a lot of money, and that is one of the primary reasons they lose.” – Dr. Van K. Tharp

“The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum possible drawdown.” – Paul Tudor Jones