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“Every such nation, therefore, must endeavor in time of peace to accumulate gold and silver, that, when occasion requires it may have wherewithal to carry on foreign wars.”

Adam Smith
“The Wealth of Nations”
Chapter One

Maybe I’m getting a bit over confident but….I started making predictions about the silver market this spring and summer. I asked my husband, “If my predictions come true, can I put all of our life savings into the precious metals market?” He answered, “No. Past results do not predict future earnings.”

I purchased a set of cassette tapes through the “Great Courses” company. Currently, I’m listening to the course entitled “Legacies of the Great Economists”. The first few lectures were good and easy to understand but then the concepts became more complicated. Uggggg…. Why can’t all economists by like Adam Smith??? I have one more lecture to listen to in this course. The last lecture is about Milton Friedman.

I also purchased a set of CD’s for the course entitled “Economics: 3rd Edition”. The course looks pretty intimidating. Lots of math, formulas, graphs, etc. Scary stuff. Motivation has been a serious issue lately. The courses do not come with traditional college text books. You can buy an outline of the course but that costs extra—not good if you’re on a limited budget.

I need to finish up my “suggested” reading in Adam Smith’s “Wealth Of Nations.”