From Investment Postcards from Cape Town:
... For a decade I have been urging my subscribers to move into gold – either physical bullion or otherwise. Now I am at it again, PLEASE MOVE INTO GOLD. Those who think gold has lapsed into a bear market simply do not know what they are talking about. Gold has simply been correcting in an on-going bull market.
This is a time when almost every central bank in the world is grinding out paper currency, grinding it out by the car-load. This is a time when people are searching for safety. People are frightened and confused. Where is the land of safety?
There is only one safe asset on the planet: that safe asset is gold. Uninformed people believe gold is just a commodity. Wrong, gold is...
Read full article...
More from Richard Russell:
Richard Russell: Gold will be "the last man standing"
Richard Russell: 12 tips for surviving the "End of America"
The great Richard Russell issues a super-bearish warning