Warning - Run the other way unless you're enrolled in the PhD program of the School of Hard Knocks!
In my experience, Rick Rule is a sheister - back in the early 90s, I had an account at Global Resource Investments formerly known as Torrey Pines Securities, 140 marine View Suite 110, Solana Beach, California.
He's nice enough in a sleazy way but when it comes to action:
His number #1 "sell anything to buy" recommendation was gold stock, Granges, Inc. Sell your Franco Nevada, sell your Euro Nevada, etc., buy GRANGES, INC!!!
After 4 1/2 % brokerage fees, and a steadily losing trade, good ole' Rick encouraged shareholders to hang in there. A couple years later, after the stock had virtually crashed, I moved my account to Schwab and started my own due diligence stock purchases.
Here's the kicker:
I emailed Rick Rule in January of 2001 and for the heck of it asked, "Rick, I still have my Granges, now worth pennies, what should I do with it?"
He responded, I don't follow gold stocks anymore and recommend staying out of them.
At this time I was buying all the Bema, Arizona Star, Nova Gold, Harmony, etc. that I could get my hands on.
About 2 years later, WELL AFTER THE FACT, that RULE SHEISTER was back pumping gold stocks at the various shows.
He's definitely one of those fast talking suits who makes his money scamming others hanging onto the coatails of the other sham newsletter writers he hangs with.
I got my PhD and now am a rich Professor.
DUE YOUR OWN DUE DILIGENCE |
