Trust Miles Franklin, trust your gut, and above all, trust Richard Russell!
My father and I try so hard to help you understand that you must prepare to protect your wealth and that time is running out. Product is once again beginning to disappear. Maple Leafs, Krugerrands, Sovereigns, Philharmonics, and bags of junk silver are now becoming difficult to get. And, as things get worse, it will only be harder to get product. You must build your core position before it’s too late, before things get much worse. No matter what the talking heads say, times are getting worse. Trust your gut and don’t be fooled. Just open your eyes and you can see it.
Recently it was revealed that 775 banks, or one-tenth of all US banks, are on the FDIC list of “problem” institutions. Last week, FDIC Chairman Shelia Blair said, “The banking system still has many problems to work through, and we cannot ignore the possibility of more market volatility.”
Mervyn King, the Governor for the bank of England, told the U.K. Telegraph “The United States is facing the same fiscal problems as Greece.”
Nouriel Roubini, the former Clinton White House economist, and professor at New York University, recently appeared on Fox News. He said that trillion dollar deficits are not sustainable, and “what has happened in Greece could happen in the U.S. We could have serious problems.”
And don’t over look what Richard Russell had to say last week. “I’ve been asking, pleading, cajoling, even threatening my subscribers to get OUT of the stock market. What if you haven’t moved? In this business, it’s never too late to do the right thing. Get out and stay out!”
And, as if uncontrollable economic problems were not enough, President Obama is now adding geopolitical risk to the current extremely precarious economic and financial situation. He has decided to boost US military strength in the Mediterranean and Persian Gulf regions with extra air and naval strike forces and 6,000 Marine and sea combatants. Can you say Iran?
Got gold? Get it before it’s too late!