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Rick Rule: ‘The wind is truly in gold’s sails’

Kitco News, Released on 9/3/20

An economic war on savers is going to push gold prices much higher than $2,000 an ounce, according to Rick Rule, president of Sprott U.S. holdings.

In an interview with Kitco News on the sidelines of the Mines and Money Online Connect Global mining conference, the celebrated fund manager said that while he is no fan of the Federal Reserve, he sees that they are in an untenable position as they try to support the U.S. economy as it continues to feel the significant effects of the COVID-19 pandemic.

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.

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