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Howard Ruff On Gold - StockReserchPortal.com

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January 19, 2010

Good Morning:

Howard Ruff on Gold

On January 15 Karen Roche, Publisher of The Gold Report interviewed Howard Ruff.  You can read the full text of the interview titled 'Howard Ruff: Reprising (and Preparing for) Rough Times' by clicking here.

By way of brief summary Howard Ruff, who recently wrote How to Prosper in the Age of Obamanomics: A Ruff Plan for Hard Times Ahead (available on Amazon), said in his interview with Karen last week:

·    the U.S. prospectively will even more aggressively print money than it has to date, and that 'inflation is in our future';

·    he likes physical gold 'very much', but does not like gold futures;

·    he likes gold (and I think silver) mining shares as a category, but concentrates his investments on companies with operations in the U.S. and Canada;

·    he likes silver better than gold going forward from a potential price % increase point of view, thinks gold doesn't have 'a lot of utility', and thinks people are better off buying silver;

·    he is not very worried about the possibility of the U.S government confiscating physical gold (as it did in the early 1930's);

·    when holding mining shares he believes in a portfolio that balances producers, developers (who I take to be companies with NI-43101 resources and reserves that are in the production planning phase, but who have not as yet achieved commercial production), and explorers; and,

·    he likes both uranium and oil going forward.

I have not read Ruff's new book, so have no comment on it.  I strongly recommend you click here and read Karen Roche's entire interview with him for both context and completeness.

StockResearchPortal.com ('SRP') has an arrangement with The Gold Report ('AU') pursuant to which AU links the companies it writes about to SRP 'Segregated Company Data Pages', and uploads Newsletter Writer commentaries it prepares to the SRP website.  I suggest readers visit the AU website as Karen and her staff interview interesting (and I think sometimes controversial) commentators and experts, and reproduce those interviews on the AU website.

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