Rick Rule: The Sure Money to be Made in Uranium is Dead Ahead

In this engaging interview, Tom Bodrovics once again engages in a thoughtful conversation with the legendary Rick Rule. Throughout their discussion, Rick underscores the significance of patience, persistence, and the power of people when it comes to thriving in equities. He also champions Warren Buffett's concept of compounding as a vital principle for long-term prosperity.
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Rick shares his belief that individuals should prioritize self-reliance over reliance on the political system. He cautions against jumping to hasty conclusions based on market narratives. In terms of economic forecasts, Rick expresses concerns about imminent recessions in both the US and globally, advocating that individuals maintain liquidity and top-tier portfolios to navigate market dips.
Rick further discusses Warren Buffett's investment philosophies, emphasizing the importance of concentrating on industries in which one is knowledgeable.
Rick believes that gold could outperform various other asset classes due to its present insignificant market presence, coupled with Europe potentially distancing itself from the US. He posits that while the US dollar will continue as a reserve currency, it may face challenges from the developing multi-polar world.
Rick believes government will generally choose various covert methods of confiscating wealth from the population instead of direct overt action. Methods like inflating the money supply and taxation are far more likely than direct metals confiscation.
Rick also voices concerns regarding the banking system's stability given unrealized losses totaling $517 billion and looming debt maturities. He raises issues of insolvency for lenders due to a disparity between long-term assets and overnight liabilities, as well as commercial real estate portfolios. Rick encourages having some bullion as non-correlated cash offering options during tumultuous markets.
Lastly, Rick shares his insights on the Canadian and US banking systems, appreciating Canada's banks for higher profitability for shareholders but less favorable conditions for borrowers due to minimal competition. The US market, however, offers a broader selection of financial institutions catering to various clientele as both lenders and borrowers. Rick also highlights the necessity of earning interest on savings.
Time Stamp References:
0:00 - Introduction
0:37 - Lessons Learned
7:54 - Elections & Investors
10:18 - Education & Blaming Society
12:24 - Recession Probabilities
15:23 - New Paradigms & Understanding
22:16 - The World & Gold
23:50 - Multi-Polar Outlook
26:36 - Covert or Overt Confiscation
29:14 - State of the Uranium Cycle
32:45 - FDIC & Lender Insolvency
35:25 - Commercial Real Estate
37:49 - What You Want in a Bank?
39:25 - Savings, CPI, & Hedonics
41:46 - U.S. Vs. Canadian Banks
44:00 - Return Free Risk
47:24 - Living Standards & Needs
50:34 - Developed Demographics
52:26 - Wrap Up
Talking Points From This Episode
- Rick Rule emphasizes patience, persistence, self-reliance, and knowledge for success in equities, with a focus on Warren Buffett's compounding principle for long-term prosperity.
- Rule believes in the potential of gold as an asset class due to its insignificant market presence and Europe distancing from the US, while warning about government covert methods of wealth confiscation.
- Rick values Canada's banks for higher profitability but less favorable conditions for borrowers due to minimal competition. In contrast, he highlights the US market's broader selection of financial institutions catering to various clientele as both lenders and borrowers.
Guest Links:
Twitter: / realrickrule
Twitter: / realinvestmentmedia
Website: ruleinvestmentmedia.com
KZbin: / @ruleinvestmentmedia
Classroom: ruleclassroom.com
2024 Symposium: rulesymposium.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.
Mr. Rule is particularly active in private placement markets, having originated in hundreds of debt and equity transactions with private, pre-public, and public companies.

[@pete7674]

I've watched many Rick Rule interviews. This interview was above the norm. His perspective on investing and philosophy on life was fascinating. You asked intelligent questions and received intelligent answers. Thank you.

[@pascalcharpentier1713]

Rick Rule is a terrific pedagogue and Tom you are a amazing interviewer Bravo to both of you !!

[@thewayofbass2534]

"Im not as smart as Buffett so I need gold" lmao 😂😂 Exactly!

[@user-ey4od6jp9n]

GREAT INTERVIEW. Thank You Both. Rick is an All Time Great in the Industry. I hope and look forward to Battle Bank coming to life.

[@ClimbnFish]

Rick speaks over people’s heads because he has 50 years of investing wisdom. He’s not arrogant he’s just that good. If you LISTEN to what he says you will make money. No other person of his wealth takes time to talk to the average investor regularly.

[@harrisrubinroit2863]

RICK RULE on URANIUM (STARTs After 29:00). Well-worth a listen on the outlook for Uranium Miners.

[@user-ox7dp5md5n]

28:59 of useless bullshit ahead of that

[@jaredkoster8734]

"There is a temptation to hang out with bad people because they are easier to find than good people"-Rick Rule, as usual, lending wealth to my porfolio while also lending wealth through wisdom to my life.

[@toppersunglasses9288]

Great questions and great insights

[@MC-82]

Awesome talk Rick, I would even argue that services also require commodities to manifest themselves.

[@markmcguire7261]

Tom and rick are the best.

[@wondahbwoy3370]

I am a bit confused. Until now I thought uranium still offered good opportunities. I've been using Cameco, Kaza, deep yellow, denison, bannerman, uranium energy, boss energy for about a year. Now Rick makes me unsure. Am I misunderstanding something? thanks for an answer. Best wishes from germany

[@martyvee1]

I think his point that the easy money has been made, was due to the spot price having gotten to the point where the spot price has gone up enough to keep enough supply on the market. Uranium is normally contracted long term, so as contracts get renewed at the new higher prices, the miners should make good money long-term.

[@wondahbwoy3370]

Tranks very much for your answer!!! Good Luck👍

[@dave8212]

Rick is one of the Guys who sent me down the rabbit hole a few years ago and I feel like I'm finding my way out after a few wrong turns ! Thanks Guys for all your work 👍🏻💛

[@StellarLightingSystems]

Rick RULES through practicality.

[@user-or5ux1ut9p]

Markel(MKL) is the next berkshire

[@_Thoughtful_Aquarius_]

Rick Rule Rules!

[@zsoltszopko9817]

What is going on today?! There are 4 Rick Rule interviews.

[@mutantryeff]

Rick Rule is two four-letter words. Any relationship?

[@malekmalek9064]

Yeah crazy to keep up,i think he has a twin🤷🏻‍♂️😂

[@herbicidal1]

I guess we've been Rick Rolled.

[@bver1149]

​@@herbicidal1❤pumpndumpa rick is on 'roll'❤

[@bver1149]

He 's❤ on A 'roll' to rule pumpndumpa rick would be bankstah❤

[@mutantryeff]

!!!

[@seanadamson280]

Uranium juniors aren't up 500% since 2022. Utter bollocks

[@user-tz1fd1hl8t]

OK so how much is it up

[@miketoni1012]

Paladin is one of them, you’re utter bullocks

[@garryw-vc6qm]

I did not invest in them in 2022 but in 2023. A few are certainly up 300 - 400%.

[@ML-un1gr]

@@garryw-vc6qm so how do you know?

[@garryw-vc6qm]

@@ML-un1gr Well Cameco has gone from 10 to 55. Nexgen from 2 to 8 Paladin from 1 to 10 UEC from 1 to 10. What else do you need to know? I regrettably got in late to the 2 latter ones but have been in the 2 former ones since 2021.

[@HTub-bo2yl]

We have to do the hardwork for freedom. We don't ceed power to anyone for easy answers. Freedom is the air I breathe but it's not free.

[@BatmanBoss]

Palisades 🥇

[@ryandixon1102]

Underrated KZbinr graced by a legend.

[@EssittoRusko]

The ruler!!

[@theperg8966]

You are a Treasure Rick

[@OldstoriesNewviews]

Maybe this speaker doesn’t realize the way he speaks to an audience is as though everyone should feel grateful he talks to them. There is an inherent demeaning of the audience which is in what sounds like smug self-importance. It would a good question to ask the guy if you decide to have as your guest again!

[@ML-un1gr]

Rick Rule is a legend in the commodities market and I am sure he gets a bit sick and tired of trying to convince the minions how to make money, knowing full well most won't listen to a word he says. He might need a little rest to refresh himself, but nothing changes that he knows more than any other commodity investor on the planet, and he relates information in simple, but straight forward ways, that some people can't take. To be honest, most people SHOULD be grateful that Rick talks to them.

[@pekkaastrom7346]

Rick is to clever for his shirt. That's how a rich, snotty guy talks to the janitors in the elevator... Haha!🤕

[@bobbiecrider6964]

Everything points to a crisis

[@kongxiong6005]

All I can tell you is that whatever Rick is selling on people's podcasts. He's offloading. He is always on podcast at the peak of these markets.

[@tomek6106]

In december 2021 he said : " Im out of uranium trade". That was a peak.

[@kongxiong6005]

@@tomek6106 then keep holding

[@mkmountain88]

Rick laughs at banks that pay zero interest. He sites First National Bank of Alaska (interest rates below 1.0%), F&M Bank of Long Beach (does not cite any interest rates on website), Bank of Hemet (no interest on website). He is contradicting himself

[@teaadvice4996]

Compounding only works with large numbers. Very convenient for the rich

[@rossforrest5181]

Compounding works period.

[@ML-un1gr]

Bullshit .... compounding works even if you start with $100. Would you choose 1 million dollars today, or a penny that doubles every day for 30 days. I know which answer you would pick and you would be flat out dumb wrong.

[@ClimbnFish]

The first million is the hardest. Be patient.

[@bver1149]

Pumpndumpa rick infomercials❤ instant turnoff❤ Love the channel , THIS huckstah not so much❤

[@martyvee1]

Just think of it as he doesn’t need to be doing interviews because he’s already well off. Why should he waste his time? For him it becomes a win-win, by giving some of his time and knowledge, he in turn gets exposure for his new ventures. I don’t have a problem with that, and tune out for the irrelevant (to me) parts.

[@ClimbnFish]

If you would have bought Aya or Cameco or any other last year that he recommended you’d have more than doubled your money. Huckster?