Thoughtful Money with Adam Taggart Rick Rule: This Asset Class Is "The Cheapest I've Ever Seen It"
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Jan 7, 2025 
In this conversation, Rick Rule, a prominent natural resource investor known for his expertise in gold and oil & gas, reveals his insights on current investment landscapes. He highlights the immense opportunities in the undervalued gold mining sector, suggesting it's the cheapest he's ever seen. Rick discusses the potential resurgence of North American energy, the balance between environmental policies and resource access, and encourages strategic investments as inflation concerns rise. His optimism for gold as a hedge against economic instability is particularly compelling.
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Gold Mining Stocks Undervalued
- Gold mining companies are currently undervalued.
- Consider enterprise value to net asset value or price/earnings ratios.
Oil & Gas and Inflation
- Oil and gas investments offer high potential returns with low expectations.
- The market underestimates inflation's impact on currency.
Changing Political Landscape
- Trump's election signals a shift in American sentiment towards deregulation.
- Trudeau's departure creates a positive outlook for Canadian oil and gas.