Rick Rule: Demand for precious metals could easily triple or quadruple

Kitco News, Released on 1/21/20

With bond yields at historical lows, and even negative in some parts of the world, investors are navigating uncharted waters, and gold demand could see a surge, says Rick Rule, CEO of Sprott U.S.

If you have mean reversion in terms of gold and gold-related equities, you will see between triple to quadruple demand in precious metals and precious-metals related assets,” Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference.

He added that no prudent investor wants his life insurance to pay off because that means someone has died, and this is what gold is all about.

Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries.

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments