Richard Russell Big Picture For Gold – Collapse In Russia, Commodities And A World Flooded With Liquidity
KingWorldNews.com
January 27, 2015
On the heels of the S&P downgrade of Russian debt, as the global markets impatiently await the FOMC decision, today the Godfather of newsletter writers, 90-year old Richard Russell, discusses the big picture of the collapse in Russia, commodities, and a world flooded with liquidity.
Richard Russell: “Many years ago I predicted that in the future, the missing and most wanted item would be INCOME. Today, with interest rates scraping zero, I believe that wealth trumps income. The world is struggling in the face of deflationary pressures. And although everybody and every nation needs income, income today is as scarce as the proverbial hen’s teeth.
Great Stores Of Wealth And Life In The Great Depression
I believe in reducing the picture to its barest fundamentals. I lived through the Great Depression when wealth was almost nonexistent. Today, seasoned investors have all but given up on income and are settling for wealth. The great stores of wealth are silver, gold, great art, gem grade diamonds, and various collectibles.
The Rest…HERE
