Kitco News speaks with Sprott's Rick Rule about the current state of the
industry and to get his thoughts on gold. "There is a lot in this
market to like because the companies are 3 or 4 years better than they
were and they're selling at 25% of the prices that they were selling for
before," Rule says. "We're attracted to very large, high-grade deposits
in political risky jurisdictions. We would rather have political risk
than technical risks," he adds. Rule also says that 70% of the companies
in the industry are valueless and investors should concentrate their
efforts on the top 20% of issuers in this market or they will get
"slaughtered."With regards to the yellow metal, Rule says he would much
rather own gold than not. Tune in now to hear where Rule would put his
money in 2014. Kitco News, November 27, 2013.
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