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![]() BULGARIA GOVERNMENT 5 % GOLD LOAN BOND stock certificate 1902 US $24.99
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![]() BULGARIA GOVERNMENT 5 % GOLD LOAN BOND stock certificate 1904 US $24.99
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Gold Loan Bond

Richard Russell To Investors - Get Liquid Before The Crash
As a fortune teller for investors seeking to stay ahead of the stock market, Richard Russell has made a name for himself. Russell, in his Tuesday Dow Theory Letter prediction, forecasts a devastating stock market crash that will render America, by the end of 2010, simply unrecognizable. Some other pundits who try to divine future events by analyzing and comparing stock market trends are also forecasting a crash.
Source of Article: Richard Russell to investors: get liquid before the crash
The Dow Theory Letters of Richard Russell
Richard Russell's Dow Theory Letters have gained a huge following in financial circles for the author's comments, observations and stock market philosophy. Russell covers the U.S. stock market, foreign markets, bonds, precious metals, commodities, politics and economics. In the latest Dow Theory Letter, Business Insider reports that Russell advises investors to get out of the stock market altogether, avoid fast cash loans, eliminate debt and convert all wealth into liquid assets:
Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.
Global Macro Investor agrees
Richard Russell has a kindred spirit in Raoul Pal -- although Pal thinks the stock market apocalypse will happen in a matter of days or weeks, instead of months. Pal authors the Global Macro Investor, an independent research publication, and is a former Goldman Sachs executive. Pal claims to have been examining a classic pattern in the stock market that has resulted in historical financial disasters -- a spiky turn down followed by a failed rally followed by a collapse.
The Dow Theory forecasts
Despite improving business news, Richard Russell's Dow Theory forecasts call attention to a deterioration in the stock market since April. Russell offers a narrative that supports the Global Macro Investor prediction, pointing out recent April highs in the Dow and S and P Averages, followed by a plunge in both Averages to May 7 lows, followed by a short rally. If the two Averages turn down again to fall below their May 7 lows, the Dow Theory forecast is that a market collapse is inevitable, based on historic data.
Stock market crash unavoidable?
The Dow Jones Industrial Average fell 6.9 percent during the four days that ended May 7, sinking to 10,380.43, the lowest level since Feb. 26. According to the San Francisco Chronicle, the transportation gauge closed at 4,298.12, down 11 percent in just four days. Downgrades of Spain, Greece and Portugal helped set into motion the decline as the prospect of a sovereign default in Europe weakened investor confidence.
Russell speaks, market listens
The Dow Theory Letter from Richard Russell is taken quite seriously by investors. His predictions of a stock market crash will more than likely persuade a stock market sell-off and a run on cash and gold. Russell claims he was the first to recommend gold stocks in 1960. Russell claims to have predicted it all - the 1949-66 bull market, the foot of the great 1972-74 bear market and the start of the great bull market that began in December 1974. In 1958, Russell began publishing Dow Theory Letters. Dow Theory Letters in not just the longest-running investor newsletter, but it is also the longest investor newsletter that has been written by a single person in the financial industry.
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