Richard Russell – I Am Buying Physical Silver Right Now
March 27, 2014
With continued chaos 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, says that he is buying physical silver right now. He gave the reasons why he is buying silver, and also discussed the Federal Reserve’s disgraceful activities in the gold and silver markets.
Russell: “Here’s what I did today. I took some unbacked junk currency called Federal Reserve Notes, and with them bought some constitutional money, known as silver. I consider gold and silver, now being manipulated, as on the bargain table. You and I, using Federal Reserve Notes, can go to our local coin dealer and swap junk Federal Reserve Notes for constitutional money, better known as gold and silver.
The current erratic and nervous markets are hardly conducive to peace of mind. And in my opinion, no amount of money is worth the loss of peace of mind. As I see it, peace of mind at this time and a reasonable position can be found in an actual physical position in silver and gold.