Rick Rule: ‘I Own Gold Because I’m Afraid It’ll Go To $9000 or $10,000’

Liberty and Finance, Released on 6/29/24 (Recorded on 6/27/24)

Legendary investor Rick Rule tells us he is concerned about the purchasing power of the US dollar. He’s not buying gold to see gold go from $2400/oz to $2700/oz. He’s in gold because he’s scared of the US dollar’s trajectory and concerned gold will go to $9000 or $10,000/oz. He discusses starting a natural resource portfolio and the considerations investors should make when starting investing in the gold/silver sector.

0:00 Intro
2:12 Where is silver headed?
4:58 Gold/silver mine nationalization
6:30 BRICS & gold
9:15 Gold/silver ratio
10:40 Investment percentage in gold/silver
12:17 M&As
17:20 Exxon Mobil
23:03 Gold/silver confiscation
25:54 Gold/silver and a portfolio
28:10 Big banks
31:50 Ivanhoe mines
26:11 Donlin mine
38:10 Rule Symposium
43:09 Rule ranking offer
47:10 100k subscribers!
50:07 Weekly specials

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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