Gold's Rise and the Dollar's Demise (w/ Rick Rule)

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[@Myblenko]

@Luci C where did you see that Rick Rule recommended these particular stocks?

[@issenvan1050]

Where is the link to order the booklet he refers to?

[@issenvan1050]

What are the ones other than SBGL?

[@ccsecretwealth2055]

"You can't overcome arithmetic with political narratives "- I like that

[@Theo-dj7vs]

Sure you do...but hes wrong. Blatantly. Other wise what is QE, what is Coronavirus, what is terrorism...all those are politically motivated narratives that MOVE markets, that's demonstrable fact. He may not like it. He may not approve, however hes fighting the market...what was a benchmark or indicator no long suffices. His generation played the game, it worked for him obviously...However, the pieces, board, and obviously economic correlations have all changed.

[@coryg121]

Theo and after all that intervention, the arithmetic is still there! It doesn’t go away!

[@victormedvedik2211]

Listening to Rick speak, he makes you think the whole time. I love it.

[@jewbastard1540]

He has been wrong for decades. You are a sucker.

[@Theo-dj7vs]

Obviously, you have little comprehension by which to make sound judgements.

[@irvingalfaro8735]

if you don't hold it, you don't own it

[@deisegirl4123]

Irving Alfaro Exactly my thoughts

[@darwincrawford8821]

Lol "return free risk" 11:50 - solid gold there, pun intended. This was a fantastic interview, and clearly, Rick knows a LOT. Thanks for doing what you do!

[@evanmcdonnal]

Keeping your gold at the Royal Canadian Mint will be mighty convenient if they ever want to orchestrate a national confiscation.

[@lc285]

Evan McDonnal - How so? KYC rules would identify you very readily.

[@gsargen1]

@@lc285 (The Canadian government would be the ones doing the confiscating)

[@binion702]

You can wear 24karat gold as jewelry

[@hughdingos9710]

This is one of the best big picture interviews I’ve seen on this channel. Really insightful.

[@emilphoryew9436]

Cash is trash, gold you hold!

[@Olav3D]

War on savers indeed.

[@davidsummit9851]

Save real money

[@cosmyccowboy]

I am old enough to remember when it cost a bundle to call the next town over because you were charged a long distance rate for a town that was 15 miles away and now my filippina wife talks with her family on the other side of the world for hours using face time for FREE!

[@cosmyccowboy]

Tube Tube not me, I just remember 100 and 200 dollar plus phone bills from the X spending 2 or 3 hours a night talking to her family just a few miles away and now my wife spends 2 or 3 hours a day taking and enjoying FaceTime with her family on the other side of the world for free!!!

[@banjoboy01]

people still marry filipinos?

[@cosmyccowboy]

banjoboy01 oh yes, beautiful women that love to keep their man happy how can you go wrong there!

[@jennih2443]

Always admired his logic and views but this interview was just amazing. Thank you so much Rick!!

[@douggodfrey6521]

Empires rise Empires fall

[@mysterybuyer3738]

This guy is very smart. One of the smartest I have seen. I didn't need to hear about precious metal miners or crypto though. If you don't hold it you don't own it.

[@jewbastard1540]

You obviously havent checked his track record

[@davidsummit9851]

Offer payment for goods and services in silver and gold. Great track record.

[@jewbastard1540]

@@davidsummit9851 His track record is a joke. He's been wrong constantly for years. Complete con man. And you are a fool for not seeing the obvious.

[@jewbastard1540]

Rule is what you call a pseudointellectual con man who only fools idiots.

[@davidsummit9851]

I've never heard anything wrong out of his mouth but I guess the important thing here is who's the fool this is about saving the Republic and giving the children a golden future and making sure guys like you stop leaving debt behind for them

[@quacktuber1051]

Logic, reason and rationality at its best. Thanks.

[@garycates9911]

@@my5cents4u Would that be the S.O.S.? Tribe ?

[@garycates9911]

@@my5cents4u Thank you for the reply John. I was neither being sarcastic , nor do I want an explanation.Just wanted your opinion .I realize full well that the tribe has been in full control of global finance since the mid 1600's . China during the Ming dynasty created 10 characters to denote jew sur names. Abolish the central banking system ? The Chinese have ran this fiat system at wide open throttle knowing the end result. Empty cities ect. They have also piled upwards of 20,000 tons of gold. No need for WW3 . Collapse fiat . Or loose the first of the four horse men. What else would take peace from the whole globe all at once. War on every street corner. The synagogue of saton owns this globe. They rotate it on three legs of a tripod. The City , london provides the gold. rome through the jesuits the mecanations, entriuge . And d.c. "we" provide the blood and explosives to make it all happen. The jews own all three. Just thought you might have a ....... .

[@tg8603]

This guy should be in charge man.

[@jcnw92]

Take a shot every time Rick says "obviate"

[@Olav3D]

No yield for Greek debt, that made me laugh lol

[@binion702]

Wow Best interview I have seen in a long time

[@DonFather]

To summarize, everyone wants their cake & to eat it too. And politicians all line up to give it to them to som extent in exchange for the majority vote. Over many years, that snowballs into a huge mountain of problems that nobody can and nobody thinks they should pay for.

[@Erikpdx]

Add a 25% inheritance tax. Let the previous generations that rang up the debt pay for it on their way out

[@davidsummit9851]

Give a child a silver coin today

[@mparker548]

Erik F sure give the people who prostituted themselves to the corporations more money

[@Erikpdx]

@@mparker548 "prostituted themselves"....cool story bro. Got anything real to say?

[@richarddebono7092]

"Return free risk" 😂🤣😂

[@vanveen8472]

my problem with digital currency is just that it is impossible to access when the grid is down and also that it appears not to exist, you've all heard of people whose bit coin has disappeared out of their wallet and there is no recourse, you cannot march down to the local pd and put in a theft report because you have nothing to prove that it ever was yours or that it even exists

[@squarecracker]

if the grid is down where are you going to spend your physical gold?

[@vanveen8472]

what world do you live in

[@mysterybuyer3738]

I have been trading crypto since 2017. Had no problems. I got in, made money, got out and bought gold and silver. Job done. Do I want to do it again? Don't know.

[@waynet8953]

You can hold both; gold as long term value; crypto/money as short term currency.

[@zdavid8577]

This guy is seriously smart. New fan here 👊🏼

[@djpar3492]

Study up fast. He's a genius.

[@jewbastard1540]

All that matters is the track record, not the con artist pitch. Rule has been completely wrong for years. Listen to Rule and you will lose everything.

[@dimitrijeteodorovic6204]

How safe is that gold in rcm relative to broke Canadian state? If against the wall they will reach for it.

[@shawnschafer9795]

Thought the same thing.

[@donf18]

Should be best looking horse in the glue factory....

[@fazdoll]

My analogy of choice is the freshest vegetable on the compost pile.

[@RR-js9kl]

@@fazdoll The freshest vegetable can be half rotten......

[@onceANexile]

$=GOLD.PERIOD.

[@_Mute_]

Did... did we just get rick rolled?

[@chrisr2914]

Great speaker! Very interesting to hear his opinions

[@issenvan1050]

Rick (seems to) Rule! What an intelligent & lucid man! This interview is structured like an academic paper. Thank you for this piece!

[@Theo-dj7vs]

7:20 the outright pompousness and callousness in suggesting young should not honor the old...coming from a multi millionaire is 'rich'. Is 'Respect' lost? Do we have no measure of debt to those who came before us, those whose ingenuity shouldered the opportunity before us?

[@enderwiggin8947]

It’s the prettiest mare in the glue factory

[@Ravencroft81]

You can always create a new crypto. You can't create a new precious metal.

[@SmashBrosBrawl]

The absolute best interview i have ever heard!

[@Utoko]

ye he is an unbiased and more future-looking Peter Schiff. instant fan

[@Kbelcher101]

Rick Rule is the best. Probably his best advice is "be the price setter, not the price receiver in an inflationary environment" . . as in, if you can't stay ahead of the price inflation tidal wave, you will be destroyed by it. I.E. rents, be the landlord, and price rent yourself, don't be the one paying rent.

[@Kismetix]

What an excellent interview, and that Rick Rule is as sharp as a whip. I'll have to watch this whole thing a couple of times...

[@jameswu3518]

Really amazing independent thinking, insights and knowledge. Rick Rule really knows his stuff about gold, fiat currencies and cryptocurrency.

[@johngrear6506]

Unfortunately the glorious future for all of us is stopped by those who have the most to lose and who have all the power. I'm not so optimistic that freedom is going to play much of a role in our society going forward. Throughout history, freedom has been hard fought for and I don't currently see hardly anyone really prepared to do this. They are too used to being told what to do by what has now become a massive government infrastructure which touches every single aspect of our lives and judges and punishes us accordingly.

[@lamarravery4094]

No one questions our leaders anymore, that's why they get away with their corruption, case in point our current president.

[@C_R_O_M________]

Forgot to mention that silver also gets destroyed in many of its uses.

[@xxgoldmoney]

What’s the adjusted stock to flow ratio then?

[@jeffm4349]

People who listened to Rick on silver got destroyed the last 10 years.

[@xxgoldmoney]

Jeff M t is still elapsing

[@ethanlee-c3d]

C r o m. We also forget silver has never gone past its all time high from 1980.

[@xxgoldmoney]

Think and grow up futures market. It won’t last forever. Index funds will implode

[@xDDufiosy]

“Spenders vote themselves access to the wealth generated by the savers” can we bring back real voting restrictions?

[@professorlayabout4878]

The vote should be allowed only for citizens who are NET TAXPAYERS

[@actualideas8078]

Absolutely. There has to be some sort of restrictions to voters. Frederick Bastiat talks about this. Read/listen to The Law by him. He is against universal sufferage

[@momochacha1235]

Hope to have more Nick Rule interviews

[@beachmama9037]

End the FED.

[@kazuwilliams5222]

"You can't overcome arithmetic with political narrative..."

[@deathlarsen7502]

No food or fuel in CPI. Lol

[@lc285]

I would disagree the Crypto Community asked for more regulations. I would disagree with a few other points of this specific Canadian speaker.

[@Lerppunen]

He is American though.

[@wilfhigginson465]

Great video

[@nickob55]

with PAXG you can not only digitise your gold but stake it to be loaned against, so receive interest as well as any market price gain..........re; volatility and reluctance to spend say bitcoin, you can liquidate to FIAT whilst still holding your bitcoin, look at NEXO

[@csokiropi]

This is awsome.

[@vanessa271]

Scientists should clone and preserve Rick Rule's brain. "Gangsters called legislators." Hilarious!

[@koroglurustem1722]

Wow, the clarity that he speaks..even I can understand some of that stuff

[@123Goldhunter11]

What's with the 10 minute commercials. Have to turn it off. Is this part of their plan?

[@ludwigvonmises1]

The robotic voice asking the questions is contrived and beneath RVF

[@deyand9960]

Lincoln Lewis The transitions are rushed too, like who cut this? Get yourselves a proper video editor!

[@matthieudegroot3581]

What a boss this man is!

[@johnnytyj1]

not just gold rise...Americans homeless also on the rise

[@MrZhending]

i knew rick is great, but didn't expect he has such a deep and correct view on bitcoin. and he foresees clearly and deeply how bitcoin can work with gold and silver. truly amazing scholar / researcher / regardless of his age! -- i thought seniors don't learn well..... but he probably didn't realize two things: 1. there'll be only 1 coin after the full evolution. all coins die except one left being used globally. 2. anonymous is not what ppl want for cryptos. privacy is...... a human-traffic deal, a drug deal, would be trackable, if the crypto is private but NOT anonymous......

[@nattoe]

looks at the old boomers that's about to retire - and championing for gold * shakes head *

[@raterNAZ]

how many decades now have "they" been saying this will happen ? any day now

[@dannymandebo9507]

Yup the end is nigh say the gold dorks in their tin foil hats ....

[@djpar3492]

You guys do know Rick is a billionaire largely because of his precious metal speculation don't you?

[@kulturfreund6631]

Interesting: Discrimination between liquidity and solvency. I´m sceptical about cryptos. Looks very risky to me. If not by fraud or plummitting value, who guarrantees that they won´t be undermined or forbidden by national governments or the IMF etc. ?

[@danielschmider5069]

undermined, possibly. creating artificial volatility is one way to do that, but forbidden is a) hard to justify lawfully and b) technically impossible unless you go case-by-case and sue individuals for using them, which will only encourage people to move to a less transparent coin. hard to stop progress like that

[@lamarravery4094]

Who's to say a computer program can't create more bitcoin? How do we know it will all be limited to $25 million bitcoin? What a frickin scam.

[@danielschmider5069]

@@lamarravery4094 because the bitcoin creation process is hardwired to the block creation. You cannot create bitcoins without creating a block - which consists of well-defined units of work if anyone is not following this principle, the network will reject that source nobody would trust a system which can be scammed this easily, and its why the bitcoin blockchain has its value. Trust.

[@JohnSmith-gp9ut]

@@lamarravery4094 You need to take a cryptography class. The math is not that hard.

[@Michael-qy1jz]

220 Trillion Lawrence kotlikoff! Lol

[@whydotheathensrage]

Sorry pal, the gooberment has taken nearly 800 grand from me, ill gladly collect the social security which is owed to me. So the gooberment steals steals 800 grand, offshores my job , and this clown tells me i didn't save enough money, maybe he ought to rethink that one...

[@DredPirateRoberts]

whydotheheathensrage - we’ll steal what ever we want you peasant. Sincerely , the government

[@krey89]

12:52 this video in a nutshell

[@gsargen1]

Blockchains can only bring security and transparency to assets that can be represented in a pure digital form. Blockchains aren't needed and don't serve any benefit for tracking real-world goods since the custody and security of those items is still centralized (and confiscatable). Making gold more divisible would be more efficiently accomplished by a centralized database managed by the custodian. But of course that's been tried and eventually shut down a few times already by governments.

[@davewantsmoore]

Rick is wrong about the anonymity of (most) cryptocurrencies. The major cryptocurrencies are not, and were not designed to be anonymous. They are pseudonymous. This is critically different to anonymous. You can transact privately using the blockchain... but given a certain amount of effort, your blockchain addresses COULD be associated with your real identity, and your transactions identified and traced. I think Rick is also partially misguided about "multiple cryptocurrencies". There will certainly be lots of different systems and tokens to serve different needs or use cases.... however, they will be on one public ledger. There is only one internet.... there isn't an internet for every type of use case. The blockchain will work the same. One of the main advantages is there is just ONE public, ubiquitous, ledger (network) which everything can interoperate with. People will use this ledger for infinite numbers of use-cases.

[@jacobstromburg5803]

what rise?

[@stevehisey389]

With the values we have instilled in youth, why wouldn't they vote for a "Solent Green" option to reduce their taxes? predictive programing?

[@garycates9911]

Yuup, on both counts

[@dianay6691]

It's not only the USD. The Australian government is increasingly intervening in the monetary system, like the Currency (restrictions on use of cash) bill. They have covertly released an inquiry after business hours.

[@nobs3075]

If Rick could circumvent using the word obviate, I would be pleased. Even obviating the word democratize or at least limiting its frequent access would be pleasing.

[@zamraii]

I see strong arguments from both sides: some people say USD will weaken, some say it will get stronger even further. Whatever the future is if you know it you would make a fortune on Forex.

[@lchpdmq]

What current strength in gold? By your own calculation rate it is barely keeping up with the dollar on an inflation adjusted basis

[@sala320]

Never realized Phil Jackson knew so much about precious metals

[@laurencevanhelsuwe3052]

Tip of the day: when explaining national debt, do not use the word trillions more than once. Just tell people "Think of a trillion as a single dollar" and then continue your explanation with single dollars. The word trillion (unfortunately) puts people to sleep.

[@sawtoothbygeorge]

If you tax me too much I'll turn to socialism and let you pay for me.

[@quacktuber1051]

Bingo. Many already have.

[@Exofunny300]

Quantitative easing, as far as I know, is shown in the government debt. The government debt (as a fiat, debt-based currency) is equivalent to the number of currency credits added to the government financial system. The government debt, however, is not the number of dollars added to the financial system (as far as I know). I do not know where this number resides.

[@MikeStrom62]

He treats national finance like a household or business. This is a very common mistake. The fundamental error being that a household or business cannot create money, but a sovereign can and does.

[@JointStock]

Mike Strom thinks creating money can solve a debt crisis. This is a very common mistake.

[@MikeStrom62]

@@JointStock no, I didn't say that. But I did say that sovereigns have the ability, and obligation, to create money, and this makes things different. Liquidity still comes into play, but it is a very different animal for a money creating entity rather than simply a money trading entity {consumers and businesses}

[@JointStock]

@@MikeStrom62 Incidentally, the United States cannot create money, but still gets to tax its citizens to service the interest on the debt to the entity that it gets its money from. Modern monetary theory is a joke.

[@baaf777]

Mike Strom, the only difference to me is that it will allow the USA to kick the can down the road longer. It’s a confidence game. At one moment there will be no lenders left to create more debt. My long-term bet is at gold.

[@MikeStrom62]

@@JointStock sovereigns can and do create money, and they can borrow money.

[@anthonydhan]

We should all keep in mind that his self interest lies with people losing confidence in the dollar so that they flee to gold. I would also like to point out that arithmetic is accounting but accounting does not reflect the entire national economy,. Rather it keeps tracks of money of various assets and liabilities we have assigned to each other from the perspective of a firm or the government none of which represent the entire national economy,. What I am trying to say is that one of the reasons why the world has shown confidence in the long term prospects for the US economy is because we have NOT had a baby bust like most of the other OECD countries and given continued strength of immigration into the US we will have sufficient number of working age people to meet the liabilities created by the retirement of the baby boomers. That is NOT captured by the US federal budget deficit. - that’s accounting,, that’s “arithmetic”. But the real economy is composed of people and time which equals work. That’s macroeconomics. It’s still up to us to clean up our “books” aka US federal budget. But that problem is not a reflection of the underlying strength of the US economy which is built on people with the energy and freedom to pursue their dreams. So when he criticizes quantitative easing he’s complaining about liquidity in support of getting people back to work. Along with an expansionary fiscal policy this helped the US economy recover from the “Great Recession”. People like this presenter criticized such steps and warned us of catastrophic inflation and the implosion of US currency. But expansionary policies when there are idle resources in the economy; people, factories, etc., do NOT cause inflation, and in fact did not. People like this presenter have been repeatedly proven wrong. As the economy showed recovery and unemployment rates dropped, such “loose” monetary policies ended and Federal Reserve actually started to raise interest rates. Compare this to policies followed by the EU after the Great Recession that have proven disastrous with unemployment rates above 20% in Italy, Spain, and Greece! This represent the loss of work that could have produced tremendous wealth by those idled people. That’s the REAL economy. What’s the point of balancing the national government budget when that result in the real loss of national wealth and untold misery to millions of citizens? I suppose people like the presenter would be happy as panicked public flee their currency and seek shelter with gold. Try eating gold. Intrinsic value? The true intrinsic value is wealth created by people working to produce things and services that the rest of us want.

[@localenterprisebroadcastin5971]

😂 this must have been filmed a couple of months ago

[@encarsia9]

yep.

[@BrianStanleyEsq]

Since SS benefits can be made sustainable (or much more nearly so) by "scrapping the cap" (imposing same SS levy on all earned-through-personal-services income), this is much more likely than defaulting on benefits. Scrapping the cap will be painless for most voters, while defaulting on benefits will be violently opposed by the (high-turnout) elderly and worrisome (there go their future benefits, too) and secondarily painful to younger voters, most of whom are closely associated with one or more of the elderly. Other forms of upper-end taxation are also possible and one or more of these would also be more popular than defaulting on SS benefits. The more likely answer to "Who gets stiffed?" is - Every obligee holding debt that can be inflated away. (Partial SS default by deleting COLA from benefits is also a possibility.)

[@inheaven11]

The idea of using cryto to move gold is very liberating. There is no way to stop the debt steamroller. We will be forced to change. It could be a new Fiat or PM base but the timeline is the missing component. Its better to be a year or two early than a day late. There will be blood in the streets and love in the streets. Help your neighbor

[@gsargen1]

It sounds nice, unfortunately blockchains are not able to track real-world goods such as precious metals. Real-world goods require custodians and real-world security, which blockchains do not provide. A better solution would be to use a centralized solution (managed by the custodian say) to make precious metals more divisible and useful as a medium of exchange

[@vdynmx]

Once ETH implements staking and if they limit supply. It will surpass BTC. Better protocol and futureproof (green)

[@sdickinson5234]

He wants 50 cryptocurrencies? There are over 7,000 actively traded cryptocurrencies and growing. This is why bitcoin will be worthless. It will cost nearly nothing to start another copy of bitcoin or a competing cryptocurrency with better features.

[@Chris_Richard]

I thought Paul Newman passed away...?

[@nunoalexandre6408]

BitGold Only !!!!!!!!!!!!!!!!!!!!!!!!!!

[@canaanitetv]

Why whould gold rise when nobody buying?

[@malthus101]

banks are buying

[@canaanitetv]

To keep us even more poor I see

[@Radnally]

Who knew Dan Ackroyd was a gold bug?

[@jeffm4349]

Rick made a lot of people poor with his silver pumping. I guess he doesn't talk about that.

[@ryanerickson764]

Did he log you on and make the trade for you? Did he force you to invest? If you can't accept accountability and only just follow someone else's analysis and not do any of your own, how can you blame only them?

[@jeffm4349]

@@ryanerickson764 Oh look, a future Rick Rule bagholder.

[@Chris_Richard]

Jeff M Naw, you can’t accept responsibility for blindly following someone. Do your own research and take ownership of your winners and your losers.

[@marknordgard1916]

But the value of gold are going down inn Nkr

[@HomestarCrawler]

It's ironic that gold went up 27.10/oz on the day you wrote this.

[@hOtneO]

Say 'obviate' one more time...

[@greengold6705]

The dollar index is 97 that is a great number

[@JM-gu3tx]

Sprott stock collapsed during the 2008 crisis.

[@MrMoparty]

Xrp. The Standard.

[@MrMoparty]

The Machine: DLT, ILP, Coil, Xpring, Polysign. The Grease: XRP

[@Chris_Richard]

Xrp. Pure Trash.

[@lchpdmq]

Offers nothing new. There is no catalyst for gold right now. I wish there were but this is not unbiased and self contradictory in my opinion.

[@LucretiusEldritch]

lchpdmq i've been listening to this gold sermon since 1999. It's all theoretical noise.

[@emilphoryew9436]

A basket of (deplorable) currencies.

[@ryanwalker3509]

Don't forget Russian assets

[@GLeszega]

Love it very straight forward. This guy f*cks

[@libertysprings2244]

Only problem i see is pollution caused by gold mining. I still buy silver though since it's mostly a byproduct of other mining. I also like low-risk companies like Disney. They dont get a lot of product failures ha ha.

[@miguelmachado3259]

Unless the 99.5% falls say... 40% ... 50%...

[@megaxenu753]

he forgot about human nature.

[@jewbastard1540]

Rick Rule and Eric Sprott should be in prison for scamming people regarding gold and silver pumping. Daug Casey as well. All of these gold pumpers have defrauded millions of suckers.

[@emperorsnewclothes2429]

Btc is just one thousands of crypto’s, duplicate them to infinity, imo that’s the Achilles heal.

[@sl523]

Mark Buscemi 1. “Heel” not “heal” 2. Bitcoin cannot be counterfeited, at least not without astronomical expense. If you think it can be easily duplicated to infinity, you simply don’t understand the technology behind Bitcoin.

[@end.corruption]

The cripto or the coin he was talking about is nothing but the casino coins done in a larger spectrum ever country is unique $€£₹ and it's exchange rates keep fluctuating. Considering all this the above is nothing but a scam. And the person talking is a scamster.

[@ethanbecker5679]

BITCOIN!

[@yayamon769]

Spiv

[@tazanteflight8670]

Angry canadians