In this episode we chat to the legendary investor and speculator Rick Rule who has a 45 year career track record in the commodities and resources space, so knows a thing or two about investments and commodity lifecycles. Rick shares his wealth of knowledge, wisdom and humour around commodity investing and speculating.
He gives us an update on current commodity markets as a whole especially with the 10 year US treasury rate gradually increasing and what impact this will have on commodities and the industry plus his views in the junior market space, M&A activity and what commodity is most under valued at this point in time.
KEY TAKEAWAYS
- The increase in the gold price from $1100 to $1900 over the past decade, coincided with the increase on the US tenure, falling from 250 basis points to 60 basis points.
- Gold prices and gold equities will be extremely sensitive in the coming years to the US tenure rate. It's not just the nominal rate, though. This is the real rate.
- If the interest rate continues to rise, including consumer debt and mortgage rates, then the impact will be fascinating to observe. We can expect a reduction in economic vitality.
- Physical gold is a high vale relative-to-weight item, so if you are running out, you can easily transport it from around the world. Silver is very different in this regard.
BEST MOMENTS
'Retirement for me is a re-direction'
'I underestimated the impact of liquidity and quantitative easing'
'May you live in interesting times...'
'It becomes expensive and cumbersome to ship the amounts of silver we need for our silver trusts'
VALUABLE RESOURCES
Dig Deep – The Mining Podcast on iTunes
Rick Rule LinkedIn - https://www.linkedin.com/in/rick-rule-1058921a/
Rick Rule Twitter - https://twitter.com/realrickrule
ABOUT THE HOST
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our client's organizations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
Email: rob@mining-international.org
Website: https://www.mining-international.org/
LinkedIn: https://www.linkedin.com/in/rob-tyson/
Twitter: https://twitter.com/MiningRobTyson
Facebook: https://www.facebook.com/DigDeepTheMi...
Instagram: https://www.instagram.com/digdeepthem...
YouTube: www.youtube.com/c/DigDeepTheMiningPod...
