Rick Rule: The Reason to Exit Silver, What Rick is Buying & Why Copper is Still a ‘Coiled Spring’

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Jan 8, 2026

Join the legendary Rick Rule, an investor and founder of Rule Investment Media, as he delves into the shifting landscapes of commodities. He highlights gold's steady growth at 9% since 2000, the structural challenges in the silver market influenced by China, and urges caution with the US dollar facing a potential 75% decline in purchasing power. Rule emphasizes the long-term opportunities in copper, underscoring a decade of underinvestment, while recommending key players like Exxon in oil. His insights are a goldmine for resource investors!

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INSIGHT

Gold's Long, Steady Bull Market

Gold has risen about 9% compounded annually since 2000, making the bull market a multi-decade trend.
Rick Rule expects further appreciation over the next decade but not a repeat of 2025's parabolic move.

INSIGHT

Silver Market Has Become Multipolar

The silver market shows structural disruptions in paper markets and shifting physical trade centers like Dubai and China.
Multipolar trading and Chinese refining/export controls create lasting stress on global silver supply chains.

INSIGHT

Paper Silver Collateralized Real Deliveries

Lease rates and spot differentials forced holders to deliver metal rather than lease it, exposing structural shorts in silver.
Paper contract overleverage collapsed into real delivery demand and short-term market dislocations.

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Stijn Schmitz welcomes back the legendary Rick Rule to the show. Rick Rule is Investor, Speculator, Founder & CEO of Rule Investment Media. In this wide-ranging interview, Rule provides insights into various commodity markets and economic trends, highlighting key perspectives on precious metals, oil, and global economic dynamics. Reflecting on the remarkable performance of commodities in 2025, Rule notes that gold has actually been steadily growing at 9% compounded annually since 2000. While he doesn’t expect the same parabolic moves to continue, he believes gold will continue to appreciate over the next decade.

For silver, Rule discusses significant market disruptions, including changes in trading patterns in Dubai and China, and notes that industrial demand remains structurally inelastic.

Regarding the broader economic landscape, Rule offers a stark assessment of the US dollar’s purchasing power, which has lost 97% of its value since 1913. He predicts a potential further 75% loss in purchasing power, suggesting that governments will likely continue to inflate away debt obligations. This perspective underpins his strategy of saving in gold and maintaining liquidity in US dollars. In the commodity sector, Rule sees significant opportunities in copper, oil, and select mining stocks. He emphasizes the long-term supply constraints in copper, driven by decades of underinvestment and lengthy permitting processes. For oil, he recommends companies like Exxon and Canadian producers, noting the sector’s current undervaluation.

Timestamps:
00:00:00 – Introduction
00:00:40 – 2025 Commodity Rally Drivers
00:01:25 – Gold Bull Market History
00:02:52 – Silver Shortage Fundamentals
00:05:49 – Silver Market Disruptions
00:08:00 – Silver Demand Inelasticity
00:12:40 – US Dollar Purchasing Power Loss
00:17:13 – Fiscal Challenges and Inflation
00:19:17 – Precious Metals Miners Value
00:23:20 – Private Placements
00:25:25 – Oil and Gas Opportunities
00:32:25 – Hated Commodities Overview
00:36:00 – Coal & Copper
00:44:20 – Concluding Thoughts

Guest Links:
X: https://x.com/@realrickrule
Website: https://ruleinvestmentmedia.com
YouTube: https://www.youtube.com/@RuleInvestmentMedia
Classroom: https://ruleclassroom.com

Rick Rule has dedicated his entire adult life to many aspects of natural resources securities investing. Besides the knowledge and experience gained in a long and focused career, he has a global network of contacts in the natural resources and finance sectors.

Mr. Rule is a frequent speaker at industry conferences and is regularly interviewed for radio, television, print, and online media outlets concerning natural resources investment and industry topics. Prominent natural resources-oriented newsletters and advisories frequently quote him. Mr. Rule and his team have expertise in many resource sectors, including agriculture, alternative energy, forestry, oil and gas, mining, and water.