RE:The $3000 + gold thesis....more MOZ please!
Been seeing these views now for 20+ years and no i did not read it. At one point they interested me. Pretty much the same about gold conspiracy theories.
Stock analyst Robert Prechter wrote in his 1997 book: “Russell has made many exceptional market calls. He recommended gold stocks in 1960, called the top of the great bull market in stocks in 1966 and announced the end of the great bear market in December 1974.”
Richard Russell was *certain* gold and the dow would be the same price again as it had happened many times before. i certainly no longer wish that to happen as something seriously would be very very wrong (dow at 33,000 now). I used to subscribe to him (the only sub i've ever paid for) - was always a good read just for his non-investment stories. He was still holding onto that view in 2015 when he died (91). I wonder if he would have finally have given that idea up.
probably his best advice was something like "when 'hope' plays a part of an investment strategy, you're in trouble"
tC