As people continue to digest breaking news from around the globe, with the world on the edge of chaos, the Godfather of newsletter writers, 90-year-old Richard Russell, warned about the dangers of Russian roulette and what you must know right now.
Richard Russell: "I spent the weekend as an amateur, reading the Declaration of Independence and the Constitution of the USA. I was surprised. The Declaration of Independence, July 4, 1776, states, “We hold these truths to be self-evident, that all men are created equal.” … I noted that most of the Declaration of Independence is a litany of complaints about Britain. The signers of the Declaration were almost apologizing in case after case for cutting themselves off from Britain.
Second Amendment Of The U.S. Constitution
Then I turned to the Constitution, and to its second amendment. It reads, “A well-regulated Militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed."
I know there were many arguments over the second amendment. But the way it seems to me is that the right to a regulated militia, and the right of the people to keep and bear arms, are connected — just as the Swiss today keep arms in their homes because every Swiss man may be called up at any time to protect his country. Americans, according to the Constitution, may keep and bear arms since at any time they may be part of a militia called upon to defend the nation.
By this time subscribers must know that I’m prejudiced in favor of a continuing bull market. Since I love this nation I pray that we will enjoy a bull market for as long as possible. Of course I know that mixing hope with investing is looking for trouble. Therefore I am pleased to state that the Dow, as I write one hour before the close, is up 283 points and just short of the 18,000 level. The Transports, up 90 as I write, are bullishly confirming the upward direction.
As For Gold…
As for gold, it is down 12.50 to 1185.90. It’s increasingly obvious that some people or group does not want to see gold climb higher.
With all the volatility in the markets, physical gold has held rather well. Over the past year, I’ve not lost an hour of sleep over my holdings of physical silver and gold.
Subscribers may wonder why I have chosen physical silver and gold and CEF as the positions I want to be in and I want my subscribers to be in. Silver and gold have represented tangible wealth for over 6000 years.
The Trouble With Timing Markets
The bull market (in stocks) is now six years old. It has not been corrected and has not suffered a full correction in that time. In my immediate family, my grandfather and my uncle committed suicide when they were caught by severe bear markets. My mentor, E. George Schaefer, committed suicide when the market went against him. The famous trader Jessie Livermore committed suicide when the market went against him. I consider peace of mind the greatest gift that we can have during our stay on the earth. Even Warren Buffet suffered mental agony when he was called upon to defend Solomon Brothers.
The Importance Of Gold, Silver And Peace Of Mind
Regardless of what the market does in the months and years ahead, I know that silver and gold will be here, and that over any period of time, they will keep up with purchasing power. Nobody on this green earth knows when this market will top out. We have seen events over the last few years that have never been seen before in stock market history.
To attempt to arrange your investments on calling the top of this bull market is a fool’s game, and a sure enemy of peace of mind. Therefore I have decided to place my subscribers in a position that I believe will afford them the greatest peace of mind. This I believe is preferable to playing a game of Russian roulette." I would encourage all readers around the world to access Richard Russell's 90 years of wisdom and remarkable writings at Dow Theory Letters by CLICKING HERE TO SUBSCRIBE.
If you are interested in purchasing physical gold and silver for delivery you can call Steve Quayle or his staff at (406)586-4842, or you can email them at [email protected]
***ALSO JUST RELEASED: ECB To Steal Greek Bank Deposits As Greece To Default Within Two Weeks Sending Shockwaves Around The World! CLICK HERE.
© 2015 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
The audio interviews with Rick Rule, Dr. Paul Craig Roberts, Bill Fleckenstein, Dr. Philippa Malmgren, Egon von Greyerz, Eric Sprott, Robert Arnott, Gerald Celente, Michael Pento, David Stockman, Marc Faber, Felix Zulauf, Andrew Maguire, John Mauldin, Lord Christopher Monckton, John Embry and Rick Santelli are available now. Other recent KWN interviews include Jim Grant — to listen CLICK HERE.