Investing for the Future
Explore guides for personal investors and businesses looking to keep their finances in shape during the holidays. Topics covered include personal investing guides, tips for saving money and sticking to a budget, retirement planning, relevant software guides, and more. Shop now
This question determines the validity of Mr. Ruff's financial advice.
If the Obama Administration is like the Carter administration on steroids, then follow all of Mr. Ruff's advice religiously and you will do well. Just be ready to shift gears and get back into "paper assets" once that situation changes. Mr. Ruff remained doomy and gloomy even after it was clear that the Reagan Administration was serious about stopping inflation, and his financial advice became a losing bet after that.
Mr. Ruff tends to toot his own horn a bit too much, but his advice on what to do when the government devalues your currency and unleashes inflation is spot-on correct.
His point of view may come true (or not). If true, the missing ingredient is WHEN! He may be right, in which case a LOT of us are in trouble, not having the'where-with-all to cover all the savings bases. Several economic pundits do not agree with him. I hope he is wrong.......