This Is What Has The United States Truly Terrified
October 14, 2013
As the chaos in Washington and global markets continues, today KWN wanted to publish a portion of a powerful piece that was written by a 60-year market veteran. This piece was written earlier this year and it discussed what has US central planners truly terrified. What is fascinating is how timely the piece is today.
Richard Russell: “Bear market? Sure, back in the year 2000, for only 273 dollars you could buy one ounce of gold. But by 2012, you needed over 1600 dollars to buy the same one ounce of gold. The eternal value of gold doesn’t change. It’s the purchasing power of the Federal reserve note that has changed.