Rick Rule, the renowned mining financier who has managed hundreds of millions in investments and shaped the sector for over four decades, remains bullish on gold despite its already meteoric gains over the past 18 months.
“When people ask me, ‘is the game over?’ I say, have we solved the debt problem?” he told his Rule Symposium attendees this month in Florida. “Have we solved the deficit problem? Have we solved the entitlement problem? Have we solved the spending program? If the reasons to own gold haven’t gone away, gold doesn’t go away.”
Rule also forecasts other commodities performing well because inflation will make replacement more expensive and the industry has underinvested in exploration for 30 years. Still, creating alpha – the amount above the market’s return – requires hard investigative work on companies, he said.
Watch the full video interview below with The Northern Miner’s Western Editor Henry Lazenby.
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