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I've found that all the color in the base (scales, blue line etc.) will fade right off in the rain if you carry in a pocket without the rubber shield.
Thanks for the heads-up on this. You'd think they'd put some type of protectant/sealant over the printing. I've never had a problem with any other compass, but to be honest I take very good care of them (even the cheapies). I don't remember ever using one in the rain or getting one wet in any other way. I was planning on leaving the rubber boot in place anyway, so it's probably a non-issue for me. Thanks for the warning though.