The Julia La Roche Show, Released on 8/24/23

Investor and speculator Rick Rule, president and CEO of Rule Investment Media and co-founder of Battle Bank, returns to the show for episode 98, featuring a discussion on the macro environment. Rule, who has 50 years of investing experience, looks at the macro picture from the lens of a credit analyst. He’s long-term optimistic but short-term pessimistic.

0:00 Intro
0:59 Macro picture
2:30 Arithmetic of the deterioration in purchasing power
4:10 Rich Men North of Richmond
5:20 Rule’s savings losing purchasing power at about 7% compounded
7:00 Severe but survivable
10:45 What is the fair value of gold?
12:50 No one size fits all for how to own gold
15:20 Arithmetic around long bonds is lousy
19:40 Underlying economy has been amazingly strong
22:47 A richer world is good for everyone
23:40 Future for younger generations

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. He is also the founder of Rule Investment Media.

  gold, investing