RSSCategory: Articles: Experts Talk

Richard Russell: Get Rid Of Debt & Prepare For Tough Times

With continued uncertainty in global markets, the Godfather of newsletter writers, Richard Russell, issued the following warning: “This is the time to cut back on needless expenses — get rid of all the debt you can, and prepare for tough times.  I don’t like the utter calm and complacency that I see today.  The last few generations can’t conceive of drastic changes and hard times.” Richard Russell continues: “Deluxe restaurants are still full at dinner time, and people are still taking their families to expensive, fun places like Disneyland.  The only real signs of change are the ‘sale’ and ‘for rent’ signs that seem to be everywhere.  This bear market is going […]

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Rick Rule: The Physical Silver Market Is Getting Dangerously Tight

With continued volatility in global stock markets, and gold staging a big rally off of the lows, today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule.  Rule told KWN that when it comes to silver, “there is the strong case for some very substantial upside.” Rule, who is now part of Sprott Asset Management, discussed silver and gold at length.  He also talked about the problems the world currently faces.  But first, here is what Rule had to say about Sprott’s very successful offering in the Sprott Physical Silver Trust: “I think it’s evidence of two things:  One, we felt we had […]

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James Turk: Summer Doldrums Over, Gold & Silver To Explode

With volatility in global markets, today King World News interviewed James Turk out of Europe. Turk told KWN, “The financial, monetary and economic conditions are so bad … that everything will spin out of control.”  He also warned, “There is a new factor at work that is about to light a fire under the precious metals that few people recognize – food inflation.”  He went on to say, “We can expect a rally from here that will take our breath away.”  Here is what Turk had to say about what is happening:  “The sentiment indicators for gold and silver have been exceptionally low for weeks now, Eric, which is understandable given their lackluster […]

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Egon von Greyerz: Gold to Hit $3,500 – $5,000 in 12 to 18 Months

Today Egon von Greyerz told King World News, “The credit bubble we’ve had, for at least 40 years, is going to accelerate dramatically, and the failures in the system will continue.”  Egon von Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said, “I see gold reaching $3,500 to $5,000 in the next 12 to 18 months.”  Here is what Greyerz had to say about the ongoing financial crisis and where we are headed:  “There is a fire in almost every country in Europe.  The US is going to catch fire also.  There will be a catalyst coming soon, probably some concerted action of QE or […]

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Robert Fitzwilson: A Clash Of Two Systems On A Global & Historic Scale

Today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News.  Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States.  Here are Fitzwilson’s observations:  “One of the most interesting episodes in monetary history has to do with something called a tally stick.  In ancient times, tally sticks were typically pieces of wood, bone, stone or some other suitable material upon which notches were made to denote numbers and other items worthy of memory.  Over time, these tally sticks moved from the mere recording of information to functioning as money.” Robert Fitzwilson continues: “King Henry I of England wanted to maintain […]

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Bill Fleckenstein: Central Banks & The Fed Are Close To Panic

Today Bill Fleckenstein told King World News, “…the central banks of the world, and in particular the Fed, are close to where they are going to panic and do something big.”  Fleckenstein, who is President of Fleckenstein Capital, also said, “What I am salivating over is the chance to really press my gold position.  I think the next leg is going to be really, really powerful.”  Here is what Fleckenstein had to say in what turned out to be a very powerful and timely interview:  “This all-paper experiment started in 1971, when Nixon closed the gold window.  We had horrendous inflation in the 70s, Volcker came in and saved the day, […]

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David Morgan: Gold headed for 2,500 dollar an ounce

David Morgan is the editor of the respected precious metals newsletter “The Morgan Report“. He appears on major precious metals shows as a key guest speaker, he is invited on a regular basis on TV where he shares his view on the gold and silver markets and you find a lot of insightful interviews with him on the internet. He has been following the gold and silver market closely for 40 years now and is respected for his realistic view on the monetary value of gold and silver, as well as mining companies. During his last appearance on Fox Business, David Morgan explained his forecast for gold and silver for the long and middle […]

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John Embry: Hang On Because The Chaos is Going to Accelerate

Today John Embry told King World News, “…the chaos will accelerate,” and “…before this ends, it will be cataclysmic.”.Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, also discussed market manipulation.  Here is what Embry had to say:  “The fact that this LIBOR scandal has come to the surface is interesting.  It’s an indication of the depth of the corruption in the system.  The LIBOR scandal is just one of the many manipulations going on in the world at this point.” John Embry continues: “To me the biggest one and the longest running manipulation that no one will acknowledge is the gold and silver suppression scheme.  This […]

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John Hathaway: The Lengthy 10 Month Correction In Gold Is Over

Four-decade veteran John Hathaway gave King World News exclusive distribution rights to the following piece.  The prolific manager of the Tocqueville Gold Fund had extremely important news for holders of gold and silver around the world:  “The good news is that the lengthy ten month correction in the metal and the shares appears to have reached a conclusion.”  This is a fantastic piece by the man who leads the five-star MorningStar rated fund. By John Hathaway, Tocqueville Asset Management L.P. During the second quarter, the gold price declined 4.3% from $1,668 to $1,597.  On a year to date basis, gold has appreciated 2.2%.  Gold mining shares as measured by the […]

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Stephen Leeb: Smart Money Is Extremely Worried About What Lies Ahead

With continued volatility in key markets, including currencies, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management, to get his take on what is happening.  Leeb spoke with KWN about the level of fear and concern that is being expressed from older market veterans that are extremely well connected.  Here is what Leeb had to say about what is taking place:  “Byron Wien is really one of the deans of Wall Street analysts.  He’s been at this for over 40 years, and he has a superb record.  One of the features of his work each year is that he interviews a […]

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Peter Schiff: The Return of the Gold Standard

In my latest book, The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country, I devote a full chapter to the merits of the historical gold standard and reasons to reinstate it. What I did not mention and few investors notice is that central banks are already returning to gold as the ultimate safe haven asset. I believe this change in policy, combined with continued inflation of Western currencies, is creating a stable floor for the gold price and an even brighter upside potential. A Strategic Shift The return to gold is unmistakably the product of a strategic, not merely a tactical, shift in global central […]

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John Embry: Fixes From The 70s Won’t Stop This Disaster

Today John Embry gave King World News an extraordinary interview. Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, discussed market manipulation, the crisis today vs the 70s, inflation and where we are headed.  Here is what Embry had to say:  “I’m fascinated by this whole Barclays situation, in the sense that they have been accused, and have admitted as such, that they have been manipulating Libor.  This actually affects about $360 trillion worth of the world’s financial transactions.” John Embry continues: “It’s actually a shocking thing when you think about it, but I like to relate it to the gold and silver markets.  These people messed […]

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Richard Russell: Is Anything Safe In Our New World?

With continued uncertainty surrounding global markets, the Godfather of newsletter writers, Richard Russell, asked an important and intriguing question, “Is anything completely safe in our new world of central bank fiat paper?” Russell also discussed gold at length, but first, this is what Russell had to say about  the action in stocks:  “I wanted a mechanical way to follow the secular (primary) bear market.  This required a moving average that was insensitive to secondary reactions and also insensitive to cyclical (short-term) bull and bear markets.  In other words, I needed a long-term moving average that would portray the primary trend while screening out most minor and secondary movements.” Richard Russell continues: “After much […]

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Jim Rogers: If I had to buy just one precious metal, it would be silver

Jim Rogers is known for his successful investments in the past decades but also for his very explicit (bullish) statements about investing in commodities the last decade. On Friday 29th of June, he commented on the outcome of the European Summit that took place on Thursday and Friday. During an interview on CNBC he stressed again what he has been telling the world for several years now : “the solution for too much debt is not even more debt”. Jim Rogers clearly does not believe in the decisions that were announced after the European Summit. He had to say that “we had 20 summits in the past years and every time […]

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