Item description for Ruff's Little Book of Big Fortunes in Gold & Silver: A Middle Class License to Print Money by Howard Ruff...
"Ignoring gold and silver this year will cost you more than all the dumb financial decisions you can make put together."
Ruff's Little Book of Big Fortunes in Gold and Silver is not written for Wall Street, but for Main Street.
It is a detailed guide to a once-in-a-lifetime chance for middle-class Americans to get rich investing in one of history's greatest bull markets. Ruff makes a usually arcane subject easy to understand, and even humorous. This bull market will dwarf even the 500% to 1700% profits his readers made in the metals in the 70s, and as usual, Ruff is out in front.
As Yogi Berra said, "It's dj vu all over again."
This small book is deliberately designed to teach the investment novice exactly what to do as the bull market unfolds, including why, how and where to buy precious metals and mining stocks - as well as how to avoid costly mistakes. It is also an essential review for dedicated gold bugs to help them in this new and ever-changing market.
Promise Angels is dedicated to bringing you great books at great prices. Whether you read for entertainment, to learn, or for literacy - you will find what you want at promiseangels.com!
Est. Packaging Dimensions: Length: 9.1" Width: 6.3" Height: 0.7" Weight: 0.5 lbs.
Release Date Nov 8, 2006
Publisher 10 Finger Press
ISBN 193317496X ISBN13 9781933174969
Availability 0 units.
More About Howard Ruff
Howard Ruff has had a long career as a financial publisher and author. The Ruff Times has had more than six hundred thousand subscribers over the last quarter century. Ruff is the author of seven books, including the bestselling How to Prosper During the Coming Bad Years, which sold almost three million copies and appeared near the top of the New York Times bestseller list for more than two years. Ruff has hosted his own syndicated radio and TV programs in more than 300 markets and has appeared on nearly every national TV program, including the Today show, Good Morning America, The Oprah Winfrey Show, and Nightline.
Howard Ruff currently resides in Springville, in the state of Utah.
Reviews - What do customers think about Ruff's Little Book of Big Fortunes in Gold & Silver: A Middle Class License to Print Money?
Printing money May 19, 2008
This is a very informative book for those who don't understand the system or conformation for those that do. It confirmed what I thought I had known for 35 years. I highly recommend it.
"RIGHT ON THE MONEY!" Feb 22, 2008
Mr. Ruff is right on the money (or gold). In a short and succinct volume he lays out the rationale for owning gold investments ( physical as well as gold stocks) In these perilous times, his book is a veritable 'Bible" on owning precious metals. His "down home" style of writing adds to the enjoyment as well. The book is not for the professorial type and academic but for the middle class American who simply wants to know WHY he should have gold and silver in his portfolio. I would like to recommend a wonderful website for gold investments that will add to the information in his book: WWW.GOLD-ULTIMATESAFETY.NET. Highly recommended!
Good read for the gold and silver investor Feb 16, 2008
The book is mostly, though not at all exclusively, about silver investing. The first half of the book makes the case for owning the precious metals. While interesting, it has little to do with investing.
I did find some valuable information about silver.
I found a few problems with what Ruff says. He, and many authors on this topic, make the same mistakes. He suggests the investor use ETFs if they want to. ETFs that specialize in gold and sliver and the like, are great. But what so many people do not know and fail to report is that they are not treated like investments by the IRS. So when you sell, you pay 28% because the IRS treats gold and silver as collectibles. With cap gains, they charge the regular lower cap gains rate if you hold an asset over one year.
So when an author makes a glaring mistake like this, I question some of the other things he says. For example, he says that ALL GOLD COIN sales are reportable to the IRS unless they're semi-numismatic. That's not true.
While I'd want you to verify what I say, it's my understanding that you can own gold or silver American Eagles without any reporting being done when you buy or sell (unless the amount you sell meets certain criteria.)
The California Numismatic Investments has a report on its site, which says in part:
First: You can place any size order and pay with a check. No one cares, not even the government. The only time they want to hear from us is if you invest more than $10,000 in cash. Then you must fill out I.R.S. Form 8300. There is nothing wrong with large cash transactions, but the government wants to know about them. And, by the way, you can't spend $5000 today and $6000 tomorrow, for Uncle Sam does not like to be fooled.
Second: There are rules which apply only to bullion and only when you sell. They have nothing to do with your purchases, and do not apply to rare coins. Kilo bars are 32.15 troy ounces of gold and are subject to reporting. We are also required to report any gold bar sale totaling 32.15 ounces are more. Concerning 1 troy oz. gold coin transactions: If you sell 25 coins or more of the Krugerrand, Maple Leaf or Mexican Gold Onza we are required to report them on I.R.S. Form 1099B. Such reporting is not required on transactions involving the U.S. Gold Eagle the Australian Kangaroo or the Austrian Philharmonic. There is also no reporting on any small gold bullion coins.
Third: We are required to report $1000 face 90% silver bags and 1000 ounce silver bar transactions only when you sell to us. We are not asked to report the sale of 40% bags or less than $1000 face in 90% silver coin. The 10 and 1 ounce silver bar is exempt as long as the sale does not exceed 1000 ounces."
Another gold company says, "Totally Private Gold, Non-Reportable - We keep all American Eagle transactions strictly private and do not report your the purchase or sales of American Eagle gold coins to the IRS or any government agency."
I bring these issues in only to point out that the author may not be totally correct in his information and that the reader should study other material. When you start investing in gold or anything, you enter legal areas that can complicate your life. You also meet up with unsavory sorts who tell you numerous lies. I've run into several. So you should know the real truth and not what a few ill-informed people say.
Ruff doesn't really go into what to buy to a large degree. But for the person just getting into gold or silver investing, I recommend this book as a good starting point.
Informative Nov 15, 2007
I particularly value the author's 1970s investing experience, not because his (claimed) excellent market timing -- as I have no resource to verify that -- but metal investment story in 1970s has always been one of my interest.
Ruff's Little Book of Big Fortunes in Gold & Silver Sep 5, 2007
Another wonderful EZ to read book by our long time advisor, Howard Ruff. The message is always the same and it is refreshing to learn that we are still on the same track or trail. I'm loaning my copy to my friends who are a bit behind times but are anxious to learn how to save themselves from the big flush and I don't mean anything about playing cards or action in the bathroom.