Rick Rule on Gold: ‘$9,000 Isn’t That Farfetched’

Join us in an another episode of Wealthion our very own James Connor and legendary resource and commodities investor Rick Rule. They’ll discuss the latest on economy, interest rates, CPI numbers, and more.
Dive deep into Rick's insights on surviving and thriving in an era of soaring inflation with physical gold, understanding the actual state of the economy, and preparing for future financial shifts.
Discover actionable strategies to safeguard your wealth against the relentless erosion of purchasing power and why Rick thinks gold reaching a price of as high as $9,000 isn’t so farfetched.
Timestamps:
0:00 - Introduction
1:13 - Rick Rule on the Current Economy
4:42 - The Political Influence on Federal Reserve Policies
6:28 - Analyzing Debt Levels and Fiscal Policies
9:08 - The Reality of Inflation and CPI
14:31 - Oil Prices Forecast
21:24 - The Future of Gold Investing
27:42 - The Gold Market: Past and Present
31:48 - Gold Miners vs. Physical Gold
37:22 - Wrap-Up & Event Promotion by Rick Rule
Interested in learning more about Rick’s upcoming Prospect Generators Bootcamp (April 20th), and the Rule Symposium (July 7-11)? Learn more by clicking the links below
Prospect Generators Bootcamp on April 20th:
events.ringcentral.com/events...
The Rule Symposium from July 7-11
opptravel.zohobackstage.com/T...
And remember, if you would like to attend, you can register for a complimentary Media ticket here:opptravel.zohobackstage.com/T...
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IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.
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[@Wealthion]

If you would like to learn more about purchasing gold, how to own it and store, consider visiting our sister company HardAssetsAlliance.com for more!

[@desireeodonahue4278]

I absolutely LOVE Rick Rule; he doesn't sugar coat anything and demonstrates such sensibility with his vast knowledge.

[@joeysocks5718]

I sleep good holding physical gold and silver, real money! Great interview 👍🏼👍🏼

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Joey Socks! I'm with ya, nothing better then gold in the hand!

[@BWowed]

Rick rule is my favorite person to listen to. Now that I retired I wish I could go to work for him. It would be worth it just for the education.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Who else would you like to see on the channel?

[@mommaoinnh2674]

In March of 2019, I bought gold at $1296/ ounce. That’s an 80.01% increase. Sure wish I had more money to invest back in 2019!

[@sunshinegardener1189]

Agreed on CPI in addition it doesn’t include food or fuel. CPI is so manipulated it’s irrelevant. We need to return to a gold backed dollar, get rid of the fed, go to a flat tax, and balance the national budget.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I agree 100%! Thats why I take that number and multiply it by 2 or 3 to get the real growth in inflation.

[@aaronb8698]

That would be commen sence, be careful people are getting fired for practicing it these days! Lol 😆

[@markmullen2500]

Thank you, Jimmy for having Rick on your show.

[@Wealthion]

Glad to hear you enjoyed!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Mark and for the ongoing support!

[@rickfool1452]

pleasure is all mine mark. do head over to my website to get your portfolio graded.

[@michaelbrown5311]

Jimmy da man!

[@rickfool1452]

glad you enjoyed it. always a delight to get on the air with jimmy.

[@joshanderson3640]

Rick Rule for President

[@robertmoniez4031]

Would be the smartest president ever! However, he would end up like JFK

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Josh! I'm with you!

[@aaronb8698]

Rick is a good speaker and is a walking calculator.

[@mareemajalan]

Imagine if we had someone intelligent like Rick as a leader in the Fed. There might be an asemblence of truth!!

[@sime2890]

Great interview, when Rick Rule speaks I listen, he’s so knowledgeable, it’s a privilege to be able to hear his views on the economy and on commodity stocks 👍

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Rick is a fan fav!

[@Steve-gn4hk]

Last year Rick Rule predicted high volatility in the gold market for 2024. He's exactly right in what we've seen so far!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! He also made a good call on uranium.

[@georget8019]

As always, Rick rules, indeed. Thank you gentlemen.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment George and for taking the time to view our content! Agreed, Rick Rules!

[@fishtherapy100]

RICK RULE IS A CLASS ACT. WHY DOESN’T HE JUST TELL US WHICH RESOURCE STOCKS TO INVEST IN….IMAGINE THAT!!

[@rogerdorsey7823]

THE MAJORITY OF PEOPLE ARE NOT INCLUDED IN THIS CONVERSATION#!

[@rickfool1452]

Thanks for having me on John

[@TB-ki1ux]

Quality conversation and insights as usual, thanks Rick, you Rule

[@daveerickson73]

Rick, Thanks for another great interview.

[@BloorStreetCapital]

Ha thanks for the comment! Always good to have a sense of humor.

[@briki5]

Thanks, Rick, for great information as always! I am on the Eastside here in the Seattle area, I hope to meet you someday.

[@percyblok6014]

I have a 30 year FIXED mortgage that is just beyond halfway done. My initial monthly mortgage payment started at just over $800 per month including property taxes and insurance. My monthly payment is now well above $1100 per month. Same mortgage terms, jut the amount of increase in taxes and insurance. CPI continues to be what it ALWAYS has been... A JOKE.

[@Trapster99]

In short: Your 30 FIXED Mortgage is fixed at interest rates. What is NOT fixed are your TAXES.

[@pjviitas]

As always Rick provides intelligent feedback concerning the state of the world economy....thanks for taking the time Rick and thanks for sharing

[@user-td6fw9gv4t]

Rick is the best of the best

[@BloorStreetCapital]

Boom!

[@barrywagoner5191]

He took the time to review my mining stock picks last November, and I will be eternally grateful for that.

[@user-td6fw9gv4t]

@@barrywagoner5191 That is just awesome isn't it, a man in his position takes the time out. Says a lot about the great character of the man. I always find most humble ppl are also the most intelligent.

[@BloorStreetCapital]

@@barrywagoner5191 It's Jimmy Connor, thanks for the comment Barry and for taking the time to view our content!

[@stighalskov]

I had to unlike this interview, so I could like it 5 times! Such a wealth of knowledge & good mood Rule has

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the positive comment and for taking the time to view our content! I don't think anyone has ever liked any of my interviews 5x! 😁😁😁

[@vbonzo]

What a great interview! Thank you!

[@ClockFixer]

Rick Rule..........SUPER GENIUS ................ {he thinks}.............just seldom ever correct.

[@andrewmiddleton1762]

Rick always makes laugh, as well as informing me.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Andrew and happy you had a good chuckle!

[@ToddGavin-dp6bk]

STUMBLED ON YOUR PODCAST.GLAD I DID.VERY INFORMATIVE.COMMON SENSE TEACHING.BRAVO.SUBSCRIBED.GREAT GUEST.

[@JONINOTORUS]

Thank you, Jimmy. Very helpful interview.

[@Wealthion]

Glad you enjoyed!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content!

[@WhimFlick]

0:09: ⛅ Discussion with Rick Rule about the economy, interest rates, and inflation in Washington. 5:37: 💰 Influence of political and social forces on the Federal Reserve's stance on interest rates. 10:26: 💰 Impact of inflation on purchasing power and cost of living. 14:57: 🛢️ Global oil market dynamics and predictions for peak oil demand. 20:04: 💰 Discussion on global commodity trade dynamics amid sanctions and inflation concerns. 25:03: 💰 Potential for quadrupled demand in precious metals due to reversion to mean in the largest US savings and investment market. 30:19: 💰 Gold competes with US Treasury in promising returns, with gold standing strong. Miners, like Newmont, still struggle. 35:40: ⚠️ Caution against investing in overcapitalized and undermanaged gold sector, emphasizing rational securities analysis. 40:30: ⚖️ Opportunity to learn about exploration and prospect generation in a symposium event with a money-back guarantee. Tammy AI: Get video info faster & better

[@user-pu2fy8tv2o]

Rick Rules!

[@georgemoller2206]

Thankyou Rick Rule for not wanting rates to fall.

[@robertk1834]

I'd have liked to see you push back a bit, we mostly all agree with Rick and the macro climate, but fresh perspectives about geopolitic outcomes are needed.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and the suggestion Robert! Tough for me to push back when I agree with most of what he said.

[@aaronb8698]

uranium $100 silver $100 gold $3,000 by end of 2024

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I agree with your pt on gold but not uranium or silver. Uranium going much higher then $100 and silver will be lucky to get past $30.

[@aaronb8698]

Silver is up 16.06% from one month ago, People will move into it to hedge inflation .

[@EssittoRusko]

The ruler!!

[@user-hm5zb1qn6g]

Great discussion.

[@areyoukiddingme9299]

In the 80s with one gold bar, you could buy an apartment in the center of Antwerp in Belgium. A decent apartment today in the centre of Antwerp costs at least 400 000usd. In the 80s the Chinese were still doing agriculture and demand from China was not as big as today. Viewing the intrinsic value of gold based on that example. Gold should move up x 5. That is excluding the effect of the increased demand for (physical) gold. Banks have been selling 'digital gold' 100 x more than the physical. If you add all these up together with the excessive money printing, the sky is the limit for gold. The one million dollar question is WHEN will gold break out to its real intrinsic value... my 2cts

[@ToddGavin-dp6bk]

LIKED THE POCKET CHANGE ADVICE.

[@venaedirie6314]

If 🥇 gold is adjusted for inflation it would hit 20k an ounce

[@bjerdee]

8:35 "You understand the process of politics by looking at the origin of the word. Poli - from the Greek for many. Tic - the English colloquial for small blood-sucking insect." 😂😂😂Gotta love Rick Rule!

[@DIYDaveT]

People need to learn to read a stock chart. Gold is headed up for the next 2 decades. That's because paper currency is inherently worthless and it will continue to seek its intrinsic value of zero.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Dave and for taking the time to view our content! Try living in Canada (where I am), the value of our currency is even less!

[@RT-yd7ht]

Sorry for my ignorance at 36:47 onward, Mr Rule states that "if you buy the sector you will lose money" what exactly is meant buy this statement. Does he mean if you purchase say an etf with a basket of miners ? is that bad ?

[@jrcrash4644]

I think he means that a lot of mining companies are dogs that never make money for their investors. So instead of buying an index that includes said miners, it's better to pick individual companies that have better fundamentals and can deliver big returns if the price of gold moons.

[@richardwagner4798]

Let’s Gooooo!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Richard!

[@Eric-is1jt]

The dollar is like most fiat, its over printed and in many ways overvalued because its takes so much to buy anything.😢😢

[@kasRose311]

Market sniper did a video gold in USd/cpi chart showing gold price could go from 7x cpi to 52x cpi 😅 so a +7x move up if cpi remains the same.

[@jaydee5447]

Very strong economy Rick? For who? The extremely wealthy like yourself or a very strong economy for the average man or woman?

[@Ben-nb8ss]

How about before we talk about ending?Social security we end giving all our money. Away to foreign governments and wars.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! If we do that Rick and I would be here for another 2 hours.

[@josephnoneofyourbeeswax8517]

Is it embarrassing that Zimbabwe is the first to return to the gold standard or should that have been expected?

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment/question Joseph but I don't know the answer to this. I will bring it up in my next chat with Rick.

[@scottyflintstone]

Yeah that Zimbabwe announcement is quite misleading. The fine print indicates it's new currency will be backed by: gold, precious minerals 😂 and foreign currency!

[@rap3208]

@@scottyflintstone Of course it will be like that. using the gold standard does not mean you go around carrying coins in your pocket to buy gas, grocery, fare and other everyday things. Did you actually believe that?

[@variancejunky]

The higher gold the worse downfall called America

[@mommaoinnh2674]

The recent line in NH for an EV charge, after the solar eclipse, from the traffic going south, was something like 360 folks waiting for the one and only charging station near the VT border. For those of us with gas, it took 5 hours to go a 15 mile stretch of highway. EV’s are not based in reality.

[@Coco-yw9nf]

Also, BTG appeared stuck

[@gohmike6169]

BRIC country dares not make their currency as the main as they scared USA will attack that currency and not they don’t trust each other

[@ToddGavin-dp6bk]

1 OBSERVATION.PLAUSIBLE.

[@user-uz7of5sc2q]

I would imagine each Brics member individually would trust the USA a lot more than they would trust each other

[@christasgamingchannel6120]

Physical Gold price $288,000+.. i wish.

[@BloorStreetCapital]

Yeh me too!

[@jrcrash4644]

I wouldn't want that only because it would probably mean that the currency just collapsed and now we have bigger problems...

[@tjhughes7740]

@@jrcrash4644Yes that one $288k ounce may only purchase a loaf of bread.

[@rd9102]

Sanctions aren't about immediate effects, they are about long term effects, thinking they are for the short term is a somewhat unsophisticated view of what they are and how they are meant to work. If you think they don't work, compare North Korea to South Korea (THE prime example of the long term effects of sanctions) and then get back to me. Oil was never meant to be affected by the sanctions too much other then to place some sort of price cap out there but the powers that be don't want to stop the flow of oil and they understand that it will find a market to be sold regardless.

[@fatjoe66666666]

Hopium is a powerful drug

[@Eric-is1jt]

The debt slave system is the only one that rich and governments want because you are totally dependant on them for sustanence and have little or no assets.whats a slave to do?😅😮😢

[@user-db1rw9cd1p]

$70,000 an ounce.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! God, I hope youre right!

[@Eric-is1jt]

Whats that oid saying,1 mans wisdom is another mans retreat.

[@Coco-yw9nf]

Unfortunately, I have AG I hope it goes up. Also, I do not like the CEO.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! Mining is a tough business. Stick to the physical or ETFs.

[@quant2011]

Rick have more balls and say gold is worth at least 20 grand of fake money. that will be just 55 trillion usd market cap. very small

[@fazdoll]

6 minutes in, and it's apparent that Jimmy has very little experience listening to Rick. He's missing about 75% of Rick's innuendos and sarcasm.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment but not sure what you mean exactly. I have chatted with him a dozen times before.

[@user-jo6iq1uh4z]

EFTIBA begins to make USA assets valuable again!

[@user-uz7of5sc2q]

All nonsense. Gold and silver shall prevail

[@mtpeterteacher755]

As a retail goldbug who ventured into mining stocks, only to get utterly burned, I'll never go back there. Sure, the promise of 3x, or even 6x gains is there somewhere in the mist.. I consider BTC to be lower risk than miners!

[@peterbedford2610]

Mining is very sketchy, to say the least. Keep physical, forget miners

[@joshanderson3640]

It can be frustrating but patience tends to pay off. That and a paid newsletter will do wonders to help find the better quality companies. GL

[@geraldhowse8597]

Don't be silly.

[@geraldhowse8597]

Get back into miners,quick.

[@theadirondackstacker]

Timing is everything. Right now is a great time to get into even the most obvious gold stocks.

[@quant2011]

if gold is at 9k, silver with natural ratio in the ground of 15:1? 600/oz. have courage to talk real economic numbers. you are not Jeff Chrisitan, right?

[@johnlee4897]

Enjoy Rick hurling insults at U.S. and Canadian governments. Wish he'd throw in the U.K. too, which is atrocious.

[@gibbogle]

He will not attack the UK government, which is conservative. He always attacks from the right. I've never heard him say a word against Trump.

[@user-jo6iq1uh4z]

Will my few kilos of Bullion be Safe un places like Fort Knox?

[@robrogers6855]

Adam was so much better.

[@douglasthompson9482]

I believe that we all know what is going on concerning inflation….interest rates must drop temporarily . I am suggesting that my family then lock into a lower mortgage rate. Our only protection with dealing with debt. The great thinkers of our world will not be leaving the oil industry for decades. Purely foolish.

[@user-jo6iq1uh4z]

is this Gold hyper pricing the harbinger of Free Ushealthcare?

[@ikhong]

Disagree, the Global Majority trust each other currency more than USA currency

[@AndrewBanker1]

How long are these types of analyst going to make these predictions yet? Another guy who has been predicting these numbers for years and eventually will get it right through luck or just waiting it out. Quite frankly, it’s ridiculous. How they get any credibility. Perhaps we need to roll out some of the greatest hits videos from days gone by to demonstrate the constant drone of these predictions, and fear about the economy. If we all follow this analysis, we would’ve missed one of the biggest market rallies in history between 2008 and today.

[@melissaziglar6620]

What is the best_ way to make money from crypto investment as crypto is turning around massively.?

[@NorthCoastBob]

The same way as during the last 15 years: Dollar cost average BTC purchases and HODL.

[@geraldhowse8597]

Sell it and buy miners.

[@sergeyanglinov9722]

Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.

[@geraldhowse8597]

You're wasting your time and money brother.

[@sergeyanglinov9722]

@@geraldhowse8597What do you mean, bitcoin or litecoin? Both are very similar.

[@pabloseferian2111]

politics from Smothers Brothers

[@fierto]

Rick Rule: country’s will act in their own self best interest. Lol. Except if you’ve got a western government.

[@bobh2201]

If you think the CPI and other fed.numbrrs are accurate you are either deceived, trying to sell something or very naive.😮

[@NoCensorship]

$9,000 😂 Not in this lifetime

[@Maf12300]

😂😂😂 bye bye Gold

[@dandanse4761]

I don't believe a word of this. I think Mr Rule, like his counterpart, Jim Rickards, is simply incapable of analyzing really, despite his apparent breath of knowledge and experience.

[@weniwidiwici726]

This Rick Rule guy strikes me as (for most of his life) someone who studied the dictionary, and on a daily basis learned one word, and did his best to use his daily learned word in convesation.... His speaking cadence tells me this is true. Unlike President Obama, who speaks English almost flawlessly, Rick tries hard however, his cadence tells his story..

[@uap1583]

Wow! 🤦‍♂️ You strike me as someone who lacks love in their life…

[@johnny5800]

Cadence

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the interesting comment! You must admit he does have an impressive vocab.