Bloor Street Capital | Jimmy Connor Growing and Protecting My Wealth

Rick Rule - Global Trade War - Do This Now | Jimmy Connor

13 snips
Mar 8, 2025
Rick Rule, an investment expert recognized for his insights on precious metals, shares his perspectives on the current economic landscape. He highlights the potential for rising gold prices as the U.S. dollar faces devaluation and geopolitical tensions mount. Rick discusses the implications of interest rate shifts and inflation, drawing parallels to the 1970s. He emphasizes gold's enduring value as a protective asset in uncertain times and suggests diversifying investment strategies to include gold for safeguarding wealth.
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INSIGHT

Gold's Historical Performance

  • Gold prices increased by over 600% between 2000 and 2011.
  • A similar increase from the 2015 low of $1,000 would mean gold reaching $6,000.
INSIGHT

US Dollar Decline and Gold

  • Rick Rule anticipates a 75% decline in the US dollar's purchasing power over the next decade.
  • He attributes this to excessive on- and off-balance sheet liabilities.
ADVICE

Investing in Gold

  • Buy gold in anticipation of a substantial decline in the US dollar's purchasing power, similar to the 1970s.
  • Rule suggests gold could potentially reach $9,000, $10,000, or even $12,000 within five years.
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