Out of the graveyard of fiat money will emerge real intrinsic money -- gold. But gold's time has not yet come. The gold bull market is a very strange bull market. It's a bull market that has progressed without the participation of the US public. That will change. When it comes, we will finally experience the speculative third phase of the gold bull market.
Back in May, Russell encouraged his newsletter readers to "sell everything" on the grounds that you wouldn't recognize America by the end of the year. So there's about four months to go on that prediction.
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