Richard Russell – What To Do When The Financial Hurricane Strikes

Tuesday, February 3, 2015
By Paul Martin
February 03, 2015

As the world continues to digest breaking news out of Greece, today the Godfather of newsletter writers, 90-year old Richard Russell, covers everything from World War II, to God, gold, peace of mind and what to do in a financial hurricane.

Richard Russell: “The stock market backs off gingerly but the Dow remains stubbornly above 17,000. With every central bank churning out more fiat money, the question is whether the world’s markets will catch fire amid the veritable avalanche of fiat cash. In step with the stock market, gold has stepped back a bit, while still holding above 1200. As I write, one hour before the close, spot gold is trading at 1279.30, and silver is up 0.14, selling at 17.22.

Wealth Trumps Income

I’m sticking to my new thesis, that wealth trumps income. To translate, if you have enough wealth, you don’t need to gamble on items that hopefully will provide income.

It all has to do with my philosophical argument, which questions why we need more and more. Can’t we be happy with what we’ve got? The other half of my argument involves peace of mind. Again, I insist, that peace of mind is the most valuable commodity you can possess.

The Rest…HERE

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