Great fortunes are made at super-bear market lows but you must have the money at the lows. [That is precisely] why gold is so singular and valuable. If you have gold at the bottom of the next bear market, you can exchange it for a collection of great common stocks or funds, and then sit back and relax.

So says Richard Russell in edited excerpts from a King World News interview, as provided by Lorimer wilson, editor of www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in its entirety in any re-posting to avoid copyright infringement.

In the interview Russell goes on to say:

You are then betting on the lasting power of the U.S. If the U.S. comes back, you will be rich beyond your wildest dreams – but you have to have the guts to hang on to your gold – and you need patience — the patience of ten men.

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Russell’s interview can be read in its entirety here.

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