Rick Rule: A ‘Potent And Very Ugly Cocktail’ In A Rising Interest Rate Environment

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.

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