Customer Reviews

How to prosper during the coming bad years

5 star:		(0)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(1)

 

 

I read this book in the early 1980s and believed the author, who was also doing the television circuit. Taking Ruff's advice, I bought gold and silver at their highs and watched their value fall for decades. Only now, has gold made new highs, but not if you adjust for inflation or look at the missed opportunity cost of say, investing that money in stocks. (I didn't store food in my basement as Ruff also advised.)

At the same time, I watched the Dow Jones go from 850 to 14,000, which according to Ruff, was supposed to fall. The U.S. economy was fine and grew through the 1980s and 1990s, contrary to Ruff's predictions. Ruff said gold would skyrocket, it fell like a stone. Ruff said we would have hyperinflation, we had rate stability and economic growth.

In other words, Ruff was 100% wrong during a 30 year period. For those who think that he's finally right, even a broken clock is right twice a day. But I have no expectation that the U.S. economy is going belly up as Ruff predicted.

Fool me once...

I read the book around 1979 when it first came out. Everything the author says is completely plausible and happening now. The down side is I wish he had mentioned that it would take 30 years to happen! I missed the upside of the late 80's and 90's waiting for the end. I missed out on a fortune.

Anyway, it does seem like the book is spot on for today's world.