MiningStockEducation.com, Released on 5/5/20
Rick Rule, president and CEO of Sprott U.S. Holdings, answers the question of whether Warren Buffet will be buying gold and gold stocks? Rick also discusses Buffett’s decision to sell Berkshire’s airline stock and its possible significance. He also shares his response to Marin Katusa’s theory that resource investors should only invest in countries with SWAP lines with the U.S. Federal Reserve. Furthermore, Rick answers several questions about investing in the resource sector.
0:15 Introduction
1:10 Warren Buffett to buy gold stocks?
6:15 Significance of Buffett selling airline stocks?
9:48 Scotiabank to close precious metals business
12:02 Most profitable division of Sprott Inc. in this gold upcycle?
13:36 Takeaways from Alderon Iron Ore’s default on Sprott loan
16:39 Viewing Sprott Inc. as a royalty company
17:30 TSXV lowers private placement share price to a penny
19:00 Marin Katusa says only invest in gold companies with projects in countries with SWAP lines with U.S. Fed Reserve…your thoughts?
21:04 When to move profits from gold majors into gold juniors?
25:31 Discussing mining stock private placements
30:53 Rick shares feedback from investor inquiries he’s received
33:13 How to have Rick rank your mining stock portfolio
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.