Richard Russell – World On The Edge Of A Catastrophic War

Tuesday, April 29, 2014
By Paul Martin
April 29, 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, is urging people to buy physical silver, and cautioning that the world may be on the edge of another catastrophic war. Russell also warns something bad is headed our way we haven’t seen in at least 60 years.

Russell: “I’ve been talking about the good recent action of gold and silver, thinking maybe the “news” will get out about the US’s unaudited and possibly missing reserves of gold. But now with trouble in Israel, trouble in China-Japan, trouble in Crimea and further trouble from that maniacal, homicidal leader in North Korea, I wonder if we could be on the edge of another War?

There’s nothing more expensive for a nation than fighting a war, and the nations that fight a war usually sink heavily into debt — which is why gold rises on war rumors or during a war. And I sincerely hope that visions of war are not the reason for the recent “firming” of the precious metals and mines. Again, I urge my subscribers to buy some silver. From what I gather from charts and my studies, it’s time to own silver.

By October 1, the Fed will have completed its exit from QE and the market will be, to some extent, on its own. However, the Fed will continue its zero interest rate policy (ZIRP) well into 2015. I think the real trouble will be triggered when the Treasury auctions off a batch of its bonds — and there are no bidders.

The Rest…HERE

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