This Has The “Money Masters” Of The World Truly Terrified

Tuesday, October 22, 2013
By Paul Martin

KingWorldNews.com
October 22, 2013

As the chaos and uncertainty in global markets continues, today KWN is publishing a powerful piece that was written by a 60-year market veteran. KWN also included a spectacular second piece which was written earlier this year which discusses what has the world’s “money masters” truly terrified. What is fascinating is how timely the piece is today.

Richard Russell: “I feel that it’s time to be increasingly careful regarding the stock and bond markets. Consider this: Since its 2009 low, the main stock averages have doubled. So does it really make sense to buy stocks in an area where the stock averages have doubled, and where the Dow and the S&P sport dividend yields of less than 2.5%? It’s true that money managers are desperate to create some income, and they are forced to deal with the only place where there’s action.

But that is not true of you and me. We can enjoy the luxury of sitting safely on the sidelines while the markets wobble to and fro. In the meantime, gold is a hated item. Sentiment towards gold is comparable to sentiment at a bear market bottom. Therefore, if you have to spend your money, I prefer gold at this time to stocks and bonds.

Russell added this outstanding quote: “When the paper system collapses, the survivors will dig in the rubble, and they will find gold.” Lord Rees Mogg

The Rest…HERE

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