Rick Rule sold 80% of his silver near $75, weeks before the crash. His answer on whether he’s back is a masterclass in how a 50-year speculator actually thinks.
He bought silver HATED at $17-18 (20:58). He sold it LOVED, when the generalist money had arrived and the chart had gone full hockey stick: “The backside of a hockey stick is just as steep as the front side, but a lot less fun if you’re long” (23:00). That’s the whole trade, folks. Both directions.
Where’d the money go? Half into silver EQUITIES, which by his math were pricing in $42 silver while the metal sat at $75 (23:40). About 20% into physical gold, 5% into T-bills, and 25% into the last hated corner of the resource market: oil and gas (25:01).
And the kicker for the bulls: Rule cites a JP Morgan study putting precious metals at HALF of one percent of American investment assets, against a four-decade average of 2%. “I will leave it to your listeners to think about what a fourfold increase in demand might do to price” (11:39). He thinks the next ten years “will resemble nothing so much as the 1970s” (9:14), the decade the dollar lost 75% of its purchasing power by Washington’s OWN math. His forecast, his track record. The full episode is above.
Legendary precious metals & natural resource investor Rick Rule of Rule Investment Media joins The SilverTrade Insider for an EXCLUSIVE Interview breaking down the oncoming sovereign debt crisis as sovereign bond yields EXPLODE, oil shortages, & how REAL inflation is RAVAGING the purchasing power of the dollar.
Rule sold 80% of his silver BEFORE the January price crash - is he NOW BULLISH ON SILVER AGAIN?
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