RICHARD RUSSELL: A Massive Stock Market

Richard Russell, writer of the Dow Theory Letters, is just looking for the right time to buy stocks. But that time isn't now. And until that time comes, Russell will be keeping his wealth in gold. He writes in King World News: What I want to illustrate is that great fortunes are made at super-bear market lows. But you must have the money at the lows. Which is 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.