Richard Russell – Silver Is The Greatest Buy In The World Today

Wednesday, March 19, 2014
By Paul Martin
March 19, 2014

With continued chaos and uncertainty in global markets, today KWN is publishing another incredibly important piece that was written by a 60-year market veteran. The Godfather of newsletter writers, Richard Russell, just purchased more physical gold and silver himself, and said that silver is the greatest buy in the world today. He also discussed stocks, China, inflation, and dared the U.S. Treasury to audit the United States’ gold reserves.

Russell: “Can markets be neurotic or hysterical? Markets are made by people, and currently I believe we have a lot of semi-hysterical people in this market. …Stocks are not cheap.

My feeling is that the only bargains around are silver and gold. I bought a batch of American Eagle one ounce silver bullion coins today, on the temporary weakness in silver. I believe silver is the single biggest bargain around, at today’s prices. I understand that physical silver is so scarce that the US government is buying silver in the open market in order to mint its coins. On the other hand, my local coin dealer says there’s plenty of silver available. But I wonder for how long.

Four things I dislike about this market. Heavy insider selling, margin debt near record highs, S&P financials are in a large, negative head and shoulder top, and the January barometer was negative.

… On top of this, it seems China is in trouble. Thus a major importer of commodities has turned feeble.

The Rest…HERE

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