Despite the recent sell-off, Rick Rule, CEO of Sprott U.S. Holdings, says he remains bullish on gold:
“How on earth are we going to resolve $120 trillion on balance sheet and off balance sheet liabilities before we consider state and local debt and underfunded pensions? My suspicion is we get out of this in one of two kinds of defaults.
I think we will have a series of unofficial defaults where we devalue the net present value of the obligations, which is a different way of saying we devalue the currency, gradually like we did in the 1970’s. I think that will have the same impact on gold and silver prices…”
The Question Is: What Happens When That Confidence Is Lost?
Recently, with the miners and gold and silver becoming very oversold in this correction, how do you think the play out will continue for over the next few years? Are we in a bull market?
According to Sprott’s Rick Rule, in 2017, the catalyst for bullion going higher is this:
Bill Gross just called out Janet Yellen as the penultimate market manipulator.
His solution for investors? Avoid stock and bonds, move toward gold bullion and tangible assets.
We’re glad Mr. Gross has finally caught up.
But as this has been an ongoing narrative for gold investors since 2011, we asked Rick Rule what has changed in the gold story…
The things that have moved in this market of course have been precious metal production and near term production stories, but people are coming to understand that high quality discoveries are rare.
There’s beginning to be a desire to get in front of the market and buy the next ‘thing’ to move…
Uranium is an entirely different commodity cycle, particularly as compared to gold. The uranium price is currently at a 10 year low. There is exceptional investor fatigue in the space, even loathing. According to Amir Adnani, “That means it’s the ultimate contrarian play, because anything I look at in terms of the long term fundamentals is absolutely positive.”
Amir Adnani, the founder of Brazil Resources joins Sprott’s Rick Rule to discuss Leveraging gold prices by acquiring ‘ounces in the ground’…
Only physical gold and silver bullion will be left standing…
Doug Casey and Rick Rule get us Back to Basics with Gold…
In this Must Watch interview, legendary resource investor Rick Rule explains the difference between being wrong- and simply being early to the trade…
Short of attending a conference or scheduling a sit down meeting with Rick Rule, the interview below is the best way to tap into his insights. In fact, this is one of the few opportunities Rick has had to tell the story of his colorful early career. He also shares his views on where the market is heading today, and explains in detail several opportunities for investors searching for value in this environment. He illustrates what to expect in the oil and gas industry over the next year, argues for uranium, and ends with a candid chat on precious metals.
One of the hardest things for a mining executive to do may be nothing. But in a market that is not rewarding companies for pulling resources out of the ground, Sprott US Holdings Inc. CEO Rick Rule would prefer to see what he calls “optionality” rather than dilution from companies looking to justify salaries. In this interview with The Gold Report, he praises innovative precious metals streams on base metal projects and one Canadian company that is adding value and being rewarded for it.
Is the capitulation over? Rick Rule warned early this year that the PM markets faced capitulation, and that he expected capitulation to be completed by the end of October.
With October drawing to a close, is the bottom in?