Rick Rule: Why Gold Is Still ‘Stupidly’ Under Owned, Oil Shortages, Silver & Palisades Goldcorp

Stijn Schmitz comes to you from the Rule Symposium in Boca Raton, Florida. Rick Rule begins by emphasizing the importance of investing in oneself through knowledge and relationships, arguing that this foundational step precedes successful capital allocation. He notes that the easy money in commodities has been made, but the “sure money” lies ahead, particularly in gold. Rule explains that gold maintains purchasing power, having increased at 8% compounded nominally in US dollars over 26 years, while he predicts the US dollar could lose 75% of its purchasing power in the next decade. He highlights that precious metals currently represent only 0.5% of US savings assets, far below the four-decade mean of 2%, suggesting a potential fourfold demand increase if reversion occurs.

Turning to oil, Rule describes a structural supply deficit due to chronic underinvestment in sustaining capital, amounting to roughly a trillion and a half dollars. He contrasts this with temporary disruptions, warning that the coming shortage will require massive capital input and cannot be quickly resolved. On silver, he shares his recent speculative strategy: he sold silver after a hyperbolic price spike, reallocating to physical gold, oil stocks, and silver equities, which he views as offering better risk-reward profiles. Rule also discusses the mining sector, cautioning that rising input costs

Timestamps:
00:00:00 – Introduction
00:00:25 – Investing in Yourself
00:02:10 – Contrarian Investing Approach
00:03:50 – Gold Purchasing Power
00:06:00 – Gold Market Share Reversion
00:09:20 – Conditions to Sell Gold
00:11:00 – 1970s Inflation Parallels
00:12:30 – Rising Mining Costs
00:15:20 – Palisades Gold Corp
00:16:20 – Junior Mining Optionality
00:21:00 – Silver Speculation Strategy
00:24:50 – Silver Miners Valuation
00:26:20 – Oil Underinvestment Issues
00:37:50 – BattleBank Services
00:43:40 – Concluding Thoughts

Guest Links:
X: https://x.com/@realrickrule
Website: https://ruleinvestmentmedia.com
YouTube: https://www.youtube.com/@RuleInvestmentMedia
Classroom: https://ruleclassroom.com
Battle Bank: https://battlebank.com

Rick Rule has dedicated his entire adult life to many aspects of natural resources securities investing. Besides the knowledge and experience gained in a long and focused career, he has a global network of contacts in the natural resources and finance sectors.

Mr. Rule is a frequent speaker at industry conferences and is regularly interviewed for radio, television, print, and online media outlets concerning natural resources investment and industry topics. Prominent natural resources-oriented newsletters and advisories frequently quote him. Mr. Rule and his team have expertise in many resource sectors, including agriculture, alternative energy, forestry, oil and gas, mining, and water.