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Wealthion - Be Financially Resilient
Rick Rule on Gold: ‘$9,000 Isn’t That Farfetched’
Apr 11, 2024
Legendary investor Rick Rule shares insights on the economy, inflation, and gold. Topics include future gold price predictions, the impact of inflation on purchasing power, and strategies to protect wealth. Rick also discusses upcoming resource investment events and symposia for interested investors.
46:47
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Quick takeaways
- Despite a robust US economy, political pressures may lead to lower interest rates, challenging conventional expectations.
- Rick Rule emphasizes gold's relevance as a hedge against economic uncertainties, predicting a significant rise in prices driven by global trends.
Deep dives
The Strength of the US Economy
Despite expectations, the US economy continues to grow at 3% to 4% annually, with a jobless rate below 4%. The resilience is attributed to strong confidence levels and balanced interest rates. Surprisingly, the economy remains unaffected by high nominal interest rates and increasing federal, state, and local level payments. The speaker anticipates political pressures may force the Fed to lower interest rates despite a robust economy.
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