Rick Rule Comments On Recent Gold Pullback

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Rick Rule says, because of how relatively small the gold market is, a small move into gold by the investing public would have a dramatic impact on price…

Rick Rule, President and CEO of Sprott US Holdings, interviewed by Elijah Johnson of Silver Doctors

Rule notes markets don’t go straight up, and a downtrend or uptrend in precious metals lasting a few weeks should not be taken very seriously. Gold and silver have fallen since late February but have now started rising again.

Investors still consider the U.S. 10 Year Treasury as a safe haven, he says. However, he sees investors will see the value of gold and divert some of their savings into gold.

Rule comments on other precious metals: palladium and platinum. Palladium is near an all time high. While platinum with respect to gold is near lows. Demand is extremely inelastic for both palladium and platinum. However, a downturn in the economy would be bearish for palladium and platinum.

 


 

About the Interviewer

Journalist Elijah Johnson, Co-Host of SD Weekly Metals & Markets, vaulted onto the economic scene after launching his “Finance and Liberty” YouTube Channel, to which he’s been called “the 16 year-old smarter than Ben Bernanke”. As one of the youngest sound money advocates around, with a eye on the national debt, the US dollar, and the gold & silver markets, Elijah is on a mission to warn and educate his generation about the risks of the current financial system, and what people can do to protect themselves.

See Elijah’s interviews on the Silver Doctors YouTube Channel. Elijah’s Twitter is @finance_liberty.

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