Richard Russell – The Cheapest Thing On The Planet Is Silver

Tuesday, April 15, 2014
By Paul Martin
April 15, 2014

With continued turmoil and uncertainty in global markets, today KWN is publishing another important piece that was written by a 60-year market veteran. The Godfather of newsletter writers, Richard Russell, says that he is buying physical silver because it’s “dirt cheap.” Russell also warned that the gold/silver ratio may plunge from 66/1 down to 16/1. This means the price of silver would more than triple the upside surge he expects for gold.

Russell: “Big debt is deflationary because it takes a lot of needed cash to carry big debt. The US has doubled its total debt over the last seven years, and this in the face of almost zero interest rates. The US is now borrowing just to pay the interest on its debt. We’re compounding ourselves into national bankruptcy.

Make no mistake about it — what we’re now experiencing is not a gathering stock market correction. This is the resumption and continuation of the primary bear market that the Fed interrupted at the 2009 low. Once a primary trend gets underway, it will always carry to conclusion. Primary bear markets don’t end with Fed interruptions — they end in exhaustion — when the last investor can’t take it any longer and when the last investor throws in his stocks for whatever the market offers.

With the dollar now collapsing, it will require an increasing number of dollars (i.e. Federal Reserve notes) to buy an ounce of silver or gold. When junk fiat currencies around the world start to crash, people will rush to own tangible Constitutional money — silver and gold.

The Rest…HERE

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