Harsh Changes Are Coming For Global Markets & Mankind
KingWorldNews.com
November 26, 2013
With continued chaos around the world and uncertainty in global markets, today KWN is publishing a powerful piece that was written by a 60-year market veteran. The Godfather of newsletter writers, Richard Russell, predicted that “harsh” changes are coming for mankind. Russell also discussed stocks, gold, and what investors should be doing in the face of these historic events and radical changes. He also included a fantastic chart.
Richard Russell: “Those of us who have been in combat during any war know the idiocy and tragedy of a world where man is pitted against man. My feeling is that at some future time, we will look back at the current age and shake our heads at its savagery and stupidity … The changes coming, I am convinced, will be harsh. And in the end, for the better of mankind.
A few thoughts about gold. Never buy gold for a profit, gold is a measure of wealth. Count your gold holdings in the number of ounces, not the current worth in dollars. You don’t price the home you live in every day, or with each passing week. Nor should you price your gold holdings in dollars with each passing day. Gold is a timeless wealth asset; an asset that will have a value with the passing of time.
Remember this: Of the original issues that made up the Industrial Average, only one remains. And that stock is General Electric. And what happened to all the rest? In investing, nothing is permanent except gold. But remember, do not buy gold with the idea of making a profit. Buy gold because it is pure wealth, and may be the last man standing.
The Rest…HERE
