Rick Rule, an investor and CEO of Rule Investment Media, shares insights on the current economic landscape, drawing parallels to the tumultuous 1970s. He emphasizes the importance of educating oneself about undervalued assets like gold and uranium while navigating potential dollar depreciation. Rule also discusses the promising Canadian oil and gas sector compared to the over-drilled U.S. Permian basin. Additionally, he introduces Battle Bank, a unique lending service secured by physical precious metals, advocating for personal responsibility and proactive investment strategies.
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insights INSIGHT
End of Benign Investment Era
The 40-year period from 1982 to 2022 was the most benign epoch for investors in history.
That era is ending, and the coming decade looks like the 1970s with high inflation and dollar decline.
insights INSIGHT
Dollar Purchasing Power Decline
The U.S. dollar may lose 75% of its purchasing power over the next decade similar to the 1970s.
This is due to rising on- and off-balance sheet liabilities exceeding $130 trillion.
volunteer_activism ADVICE
Take Personal Financial Action
Take personal action now to prepare for tough economic times.
Don't rely on politicians or big thinkers to solve your financial challenges.
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Tom welcomes back the legendary Rick Rule to the show. Rick discusses the current state of the gold and his thoughts on the uranium sector. Rick also discusses the U.S. energy sector and notes that the the Canadian oil and gas industry, particularly in the Western Canadian Sedimentary Basin, is potentially even more favorable due to political conditions. He contrasts this with the over-drilled Permian basin in the U.S., suggesting Canada's untapped resources could lead to significant growth if policies become more supportive.
Rick's investment philosophy centers on long-term perspective, resilience, and continuous learning. Rule advises investors to educate themselves, act prudently, and build a strong reputation. He concludes with a quote from Robert Friedland, underscoring the importance of preparation for economic challenges, urging listeners to embrace this journey as an opportunity for growth.
Lastly, Rick highlights his new project Battle Bank, a unique service providing lending products secured by physical gold and silver, catering to those seeking capital access while maintaining prudent savings.
Timestamps:00:00:00 - Introduction00:00:50 - Noise, News, & Attention00:09:05 - Taking Personal Action00:13:50 - Corporate Culture & Teams00:15:12 - Building a Portfolio00:19:07 - 70s The Lost Decade00:25:00 - Are Tariffs Useful?00:30:00 - Gold Bull Mkt. Status00:35:33 - Bullion Dealers & Sentiment00:41:16 - 70s Inflation & Impact00:45:50 - M&A Possibilities?00:47:04 - Uranium Exposure00:50:24 - Energy & Finding Value00:52:35 - Canadian Energy & Realities00:55:14 - Rick's Current Projects00:58:34 - Battle Bank & Saving in Gold01:00:26 - Concluding Thoughts
Guest Links:Twitter: https://twitter.com/realrickruleTwitter: https://twitter.com/realinvestmentmediaWebsite: https://ruleinvestmentmedia.comYouTube: https://www.youtube.com/@RuleInvestmentMediaClassroom: https://ruleclassroom.com2024 Symposium: https://rulesymposium.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.
Mr. Rule is particularly active in private placement markets, having originated in hundreds of debt and equity transactions with private, pre-public, and public companies.
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