Rick Rule: Big Institutions are Positioning Themselves for this Gold Bull Market

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Rick discusses his early career lessons and how in a bull market, anyone including him can look like an expert. In the 1970s, the incorrect narrative was that the world was running out of resources. What everyone missed was that when prices rise, people learn to conserve, they become more efficient while higher prices encourage new supply.

Think about the attractiveness of modern bonds where banks promise "return-free risk" by giving you less money back than you put in, then contrast that with gold. Rick says, "You are either a contrarian, or you will be a victim."

Time Stamp References:
1:20 - Lessons from Ricks investing career.
2:50 - Don't confuse a bull market for brains.
4:30 - The potential of the resource market.
5:50 - Interest is coming back to the market.
8:45 - Why speculating usually results in loss.
12:30 - Ricks view on uranium.
15:50 - Developing a new supply model for uranium.
16:40 - Favorite book on economics and investing.

Rick offers a free portfolio review if you email him (no attachments) your natural resource equity list at rrule@sprottglobal.com

If you would like the forty-year Baron’s index chart he mentioned during the interview, then email rankings@sprottglobal.com

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