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Message: Ruff on gold and silver

Howard Ruff of the Ruff Times Newsletter:

“The worst financial decision you could make in 2006 is to ignore gold and silver. This one mistake will cost you more than all the dumb financial decisions you can make put together.

Gold and silver are now early in a historic bull market that will dwarf the 500-1700% profits we made in the 70's.

Gold will hit at least $2,172, and $100 silver is inevitable.

Is it unreasonable to expect such returns? Those are not unprecedented numbers. In 1980, gold hit $850 and silver hit $50. If you adjust those numbers for inflation since then, the metals will not make new highs until $2,172 (gold) and $125 (silver).”

Already prophetic! Note Howard made this statement in 2006! On 26 -12-05 gold closed at $US517, a day on which it closed up $US9.00. On that same day SAN closed at $C0.53. Gold since that 'day' has seen a 2 bagger, SAN, at its best a 4 bagger.

Jimmy Rogers (the Adventure Capitalist) is on record saying, "during this commodities bull, all commodities, but very few, will surpass historic highs."

Ruf

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Apr 21, 2008 07:41PM

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