Crash Ahead?

I pay close attention to those who have a proven track record, aka fruitfulness.  Fruitfulness indicates that the person is operating in their calling.  Richard Russell is an investment newsletter writer with over six decades of experience.  In a recent interview, he is quoted as saying:

“Over the past weeks I have instructed subscribers to stay on the sidelines and watch history unfold.  My advice is to stay out of this bear market and hold only gold bullion and a limited supply of US dollars.  I think we are watching history in the making, and it is far better to watch it than to be part of it.”

Richard does not answer to Wall Street, the Fed, or any other entity.  His primary concern is for future generations and has seen this scenario play out before in previous bear markets.  Many other investment writers were not yet born when he was experiencing past bear market patterns.

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