In this conversation with legendary natural resource investor Rick Rule of Rule Investment Media, we tackle the themes you need to understand whether you’re already invested or trying to figure out where to put capital in uncertain times.
Rick explains why gold and silver aren’t just trades but insurance against real risks, how long-term wealth building differs from chasing 18-month headlines (he started accumulating gold back in 2000), and the three distinct roles gold can play in your portfolio — physical insurance, quality gold stocks, and speculative juniors. We also dig into why younger people still have extraordinary opportunities if they focus on creating value instead of consuming it, and why dependence on public sector jobs could leave many exposed over the next 10-15 years.
Rick reviews recent earnings from companies like Agnico Eagle, Newmont, and New Gold, then walks through two investment scenarios: one where gold drifts sideways between $3,500-$4,200 and another where it soars past $6,000, and what kinds of companies make sense in each.
He also reveals why he just sold 25% of his junior gold exposure, moving half into senior gold stocks and physical gold for insurance, and the other half into oil and gas because “hate equals opportunity.” We compare the gold junior sector to oil and gas on management quality, valuations, and dilution risk, and Rick shares where he’s finding value now after 50+ years in the resource game.
Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses.
