Adam Taggart | Thoughtful Money, Released on 5/8/25
The world economy has become a lot more uncertain in 2025. The shift away from decades of globalization towards nationalism and regional trading blocks has accelerated with the protectionist policies the new Trump administration is now pursuing. Gold has reacted to this uncertainty by soaring to new highs, and demand for other commodities is also in high flux right now. Where is all this headed? And are there opportunities the discerning investor can take advantage of amidst all this change? For answers, we’re fortunate to be joined by Rick Rule, one of the world’s greatest living natural resource investors, and a heck of a gentleman, to boot.
0:00 – Gold Boot Camp
8:15 – Rising nationalism’s impact on natural resources
12:59 – Resource supply-demand imbalance
15:21 – Critique of Trump’s economic policies
20:13 – Deregulation’s boost to resource development
25:35 – Strategic assets for national priorities
29:30 – Reduced U.S. political risk for investors
34:44 – Drivers of gold’s 2025 surge
41:39 – Gold miners’ upside potential
49:23 – Opportunities beyond precious metals
52:17 – Uranium’s bullish structure
56:14 – Germany’s self-harming energy policy
58:25 – Reaction to dollar purchasing power loss
1:04:16 – Precious metals as a whip analogy
1:15:33 – Oil and gas investing
1:23:39 – Navigating headline-driven volatility
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 co-founder of Battle Bank and founder of Rule Investment Media.
Adam Taggart is the Founder of Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.