Rick Rule: BRICS announcement of a gold-backed currency is ‘propaganda’

Liberty and Finance, Released on 7/13/23

The BRICS announcement of a gold-backed currency is “propaganda,” says legendary investor Rick Rule. He says the currency is likely to not be gold-backed, but if it is, will only be partially backed.

0:00 Intro
4:00 BRICS propaganda
13:28 China’s support of gold
18:26 Gold manipulation
23:41 Liquidity panic
26:24 Metals transportation
27:19 Battle Bank
28:20 Rule’s ranking offer
29:38 Rule Symposium
33:55 Miles Franklin

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.

Notify of

Inline Feedbacks
View all comments

Rick Rule is a smirking ass.

Igby MacDavitt

Without knowing how much gold China and Russia or anyone else has, it’s all guesswork as to the secondary motives of the economic-geopolitical manoeuvres.

China may be recommending its citizens buy and hold gold for a few reasons: if China succeeds in dethroning the dollar with a gold-based international monetary system, (i) the citizens will benefit as their private gold holdings will lift them up in the process, (ii) national pride will surge, and (iii) a wealthier and optimistic citizenry is advantageous to the expansion of industry.

I’m at a bit of a loss in understanding Mr. Rule’s dismissal of it being merely conflicting messages.