Rick Rule: The U.S. Will Inflate Away Its Obligations – As It Did During the 1970s Commodities Cycle

Tekoa Da Silva – YouTube, Released on 6/7/24

We discussed Rick’s experience during the 1970s commodities bull market. He shares lessons learned, successes and mistakes.

0:00 Intro
1:15 College & Owning Bars In Vancouver, Befriending Stock Exchange Operators
3:03 Taking Advantage of 1974 Stock Market Crash
5:18 Nixon Taking The US Off The Gold Standard in 1971 – Thoughts
9:24 Social Turmoil Amid 1973 Arab Oil Embargo
13:51 Taking Advantage of Skyrocketing Commodity Prices, Late 1970s
19:00 Building A Leveraged Private Oil & Gas Company in Late 1970s
21:24 Becoming A Resource Exploration Financier
25:00 Extreme Behaviors At 1980-1981 Commodity Price Peak
27:03 Takeaway Lessons from the 1970s Commodity Cycle
31:32 Will Americans See 1970s Style Events Again? Ugly Price To Pay!
37:57 How To Follow Rick’s Work

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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