Why The Gold Price Doesn't Matter To Him

Gold is off its January high and a lot of people are wondering whether the move is over. Rick Rule isn't waiting to find out. "If gold's at $4,400, I'm a buyer. If it's $4,600, I'm a buyer. If it's $4,700, I'm a buyer." Fifty years in the natural resource business, and he's putting a substantial part of every dollar that comes in into gold almost irrespective of price. Not as a trade. As savings. Maggie Lake sits down with Rick Rule, founder and CEO of Rule Investment Media, on why he saves in gold rather than speculates in it, why he sold his silver on the way up, why he expects the dollar to lose about 75% of its purchasing power over the next decade, and why he'd rather the whole thing happened slowly. His advice to anyone hoping for a fast move higher is to be very careful what you wish for. In this conversation: Why stable to higher interest rates could keep gold soft before the real move The 1975 parallel Rick watched happen personally, and why he thinks it repeats What the US-Japan currency intervention revealed about the Treasury market Why he's a buyer of gold at $4,400, at $4,600 and at $4,700 Why he wants lower gold prices, and what the set of circumstances that lifts gold does to the rest of your portfolio The difference between a savings asset and a casino chip Why he sold his physical silver, and the rule he follows on parabolic charts How he used gold as liquidity in 2009 to buy assets that were stupidly underpriced Why volatility and risk are not the same thing, and what that means for silver Why roughly 2,500 of the world's 3,000 junior mining companies are valueless What Eric Sprott did after an 85% drawdown, and why most speculators can't copy it Rick Rule: https://ruleinvestmentmedia.com Buy Precious Metals at: https://www.goldsilver.com Learn about Gold & Silver: https://goldsilver.com/learn/ Subscribe to our channel: https://www.youtube.com/c/goldsilver?... Get Essential Gold & Silver News—Delivered Twice a Week: https://goldsilver.com/join-our-newsl... Follow us on Twitter: Twitter: GoldSilver_com Follow us on Facebook: Facebook: GoldSilverDotCom As always, thank you for your support. The GoldSilver Team 0:00 Same Money, A Quarter The Value 0:22 Introduction 0:50 Are Metals Leaving The Consolidation Phase? 2:55 What The US-Japan Move Really Revealed 3:30 Is The Treasury Market More Fragile Than We Thought? 6:11 What Rick Is Actually Doing Right Now 7:03 The 75% Call 7:39 Why He Wants Lower Gold Prices 9:00 Savings Asset, Not A Casino Chip 10:09 Why He Sold His Silver 11:27 2009: Using Gold As Liquidity 13:39 Sleeping At Night At 73 16:06 Will Silver Follow Gold? 17:30 Volatility Is Not Risk 19:13 Miners And The Three Buckets 20:48 Eric Sprott's 85% Drawdown