Maggie Lake Talking Markets Episode 56: Gold vs. Bitcoin. With Rick Rule.
May 29, 2025
Rick Rule, CEO of Rule Investment Media, shares his expertise in commodities and gold investments. He delves into the recent fluctuations in gold prices and evaluates macro risks in the current economic climate. The discussion contrasts gold's historical role with Bitcoin’s emergence as a potential safe haven against currency devaluation. Rule also highlights the significance of uranium in the energy sector, revealing implications for investors and opportunities at an upcoming symposium.
AI Snips
Chapters
Transcript
Episode notes
Fed Loses Bond Market Control
- The U.S. Federal Reserve has lost control of the long-term bond yield, signaling a shift in market dynamics.
- This loss coincides with the decline of U.S. dollar hegemony and rising global challenges to American financial dominance.
Dishonest Default and Dollar Devaluation
- The U.S. is likely heading toward dishonest default by devaluing the dollar rather than outright default.
- This means social security and other payments remain nominally intact but lose real purchasing power, similar to the 1970s.
Gold Mirrors Dollar's Purchasing Power
- Historically, gold prices rise roughly in line with U.S. dollar depreciation, preserving purchasing power.
- Periods of fiat currency depreciation see gold perform well as a store of value.