Here is an astonishing Christmas prediction from a legend.
December 25 (King World News) – 5 years ago legendary Richard Russell, the Godfather of newsletter writers, made this astonishing prediction just two days prior to Christmas: “When I was young, around age 21, I decided to plan out my life. I bought a book of compounding tables and sat down to figure out how to be rich and retired at age 65. Unfortunately, nothing I planned worked out the way I thought it would. Bull markets came, only to be followed by bear markets. By age 65 I had still not accumulated the money I needed to retire.
Of course part of the problem was that inflation changed the basis of my computing. Back in the sixties, I bought a few shares of Berkshire Hathaway, mainly because I wanted to read Buffett’s sage annual statements on investing. Had I put all my money into BRK at the time, I would now be a billionaire. Who knew.
I’ve been talking about a huge speculative third phase to this bull market. People ask me where the impetus for this third phase will come from. The three basics of life are water, food and energy. And I might add a fourth, which is medicine. The twentieth century gave birth to all manner of inventions and discoveries. My thinking is that that was just a preamble to the inventions and discoveries that lie ahead.
Q: How will gold do in your coming third phase?
A: The third phase will stir up inflation. The public at this point has almost no gold, but as the third phase become wildly speculative, people will sell dollars, and with those dollars they will buy stocks. Thus during the third phase the dollar will tend to decline and gold will have its day.
Even as I write, we are moving quietly but most definitely into the great third phase of this bull market. My thinking is that the stock and bond markets will produce sights that are now only dreamed of. God does not mean our current difficulties to be the stalemate or the end of the human race. God means only the best for us humans. Man has free will, and what we are seeing is the rise of universal spiritualism. As Jesus said, “The truth shall make you free.”
King World News note: Merry Christmas and best wishes to all of our global readers around the world.
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