Rick Rule -- US Will Devalue Debt and Devalue Dollar

Resource investment expert Rick Rule is asking one very important question about a mountain of U.S. debt? Rule asks, “How on earth are we going to resolve $120 trillion on balance sheet and off balance sheet liabilities before we consider state and local debt and underfunded pensions? My suspicion is we get out of this in one of two kinds of defaults. A formal default where . . . they say to 64 year old Rick Rule that we made you promises on Social Security, Medicare and Medicaid, but we lied. We say to holders of U.S. debt where we gave a full faith and credit promise that we lied. Those are official defaults. That requires telling the truth, and I think that is unlikely. I think we will have a series of unofficial defaults where we devalue the net present value of the obligations, which is a different way of saying we devalue the . . . currency, gradually like we did in the 1970’s. I think that will have the same impact on gold and silver prices.” On the best thing President-elect Trump can do for America, Rule contends, “If Mr. Trump can roll back restrictive regulation in the United States, we are our own greatest enemy. If he can make the United States great again in the sense he keeps us from competing with ourselves, then we will see a spectacular economic boom in this country.” Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Rick Rule, President and CEO of Sprott U.S. Holdings Inc.

From the bottom to the top you make 10x - Rick Rule

Rick Rule speaks with Marin Katusa & rehashes some of his losses and passes along words from one of his mentors Ned Goodman.

Market Chaos Creates Opportunities -- Rick Rule

Rick Rule, CEO of Sprott US Holdings Inc., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries. Rule writes a free, thrice-weekly e-letter, Sprott's Thoughts.

Rick Rule: In A Market Collapse, Selling Will Be Driven By the Margin Clerk

Sprott's Rick Rule joins The Doc & Eric Dubin this week for a special show discussing:

1. Why Rick believes the Bear market appears to be over in junior mining equities: We are now in the early stages of recovery- We have all of the hallmarks of a market that wants to go higher!
2. Rule explains why Markets Work: The cure for low prices is low prices!
3. One Final Gift From Mr. Market to Mr. Rule? Rick discusses the potential for a historic opportunity to invest in the oil resource sector come Q4
4. Does China Believe it is Game On For Resource Materials Acquisition? Rule Provides Anecdotal Evidence Why the Answer is Yes!
5. Rick explains why In the circumstance of a liquidity driven market collapse, you don't want to own an indirect proxy for gold (shares), you want to own gold- Selling will be driven by the margin clerk, not the client
6. Finally, The Doc asks Rick to discuss the proposed tender for the assets in Sprott's Central Gold & Silver trusts

Rick Rule - Gold is in a war with the US Dollar

When the printing press stops working I wonder what governments will do for money? I think they will avoid mining stocks and take over Apple or Microsoft. Sorry, I have to make jokes because although mining stock MAY seem like a good investment for the long run, I think they are only good for trading in and out of to make some cash, in my humble opinion. I think mining stocks will be good after the collapse when things are much more clear.

The Derivatives Nightmare & Precious Metals Move To Strong Retail Hands -- Rick Rule

Rick Rule, President, and Chief Executive Officer of Sprott US Holdings, Inc., joins us to talk about the Wall Street Derivatives nightmare, and as Rick outlines it, the real world move of PHYSICAL silver and gold from weak institutional hands to strong retail hands. We also discuss the many attributes of palladium and platinum and their place in your portfolio.

Rick Rule A Potentail Black Swan Could Be On The Horizon

John Manfreda of Wall Street for Main Street Interviews Rick Rule from Sprott Global about Value investing, risk management, the Water Market, the Energy Market, Precious Metals, and potential Black Swans.

Rick Rule- Contrary Investing?

Rick Rule of Sprott Asset Management was interviewed by John Manfreda, of Wall St for Main Street.

Rick Rule believes it may be a good time for contrary investing. We shall see if he's right.

Rick Rule: There's a Lot To Like In This Market - MMIC13 San Francisco

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.

Rick Rule - Now You Have To Be A Contrarian Or You Will Be A Victim

John Manfreda of Wall Street for Main Street Interviews Rick Rule on his favorite investments. Water, North American Natural Gas, Uranium, Palladium, Platinum, Gold, Silver, and Rick even talks about Canadian Oil Sands

Rick Rule Strategies for Making Money - Casey Summit Interivew

Rick Rule: A hundredfold gain. If you have intermediate success getting a 'yes answer', a hundred fold gain means that you've held the stock through several unanswered questions. A 'yes answer' has setup a second question. And the second 'yes answer' has setup another question, and you get another 'yes answer.' It's a series of yes answers. So as an example; Paladin Resources which was a great 100 bagger effect for me. In fact it was better; it was a penny to $10. That involved a series of 'yes answers'. I believed that the uranium price had to go up, and I believed it might take six or seven years for that to happen. So one great thing, so I began that sequence with a question that began with when, not if, because the uranium price had to go up. But there was a series of implementation challenges that the Paladin people had to meet to take advantage of that one situation. They believed, like I believed, that uranium projects that made no money at $10 but could make money at $25 would have value, because uranium would go through $25. So the unanswered question was, could they buy these deposits when the price was low, cheaply. And could they fund their working capital long enough, could they hang on to these deposits until the uranium price ran. The second unanswered question was: 'was there a way to discover more uranium in and about these deposits?, because these deposits hadn't been explored.' We took the point of view that the best indicator mineral for uranium was uranium and the fact that you had a uranium deposit meant that you were better off exploring for uranium in the head frame of a uranium mine than you would be other places. So we had three unanswered questions. Was I right, would uranium prices go up? The second unanswered question is can we take advantage of this market downturn and buy uranium deposits in anticipation that the increased uranium price would make the deposit more value. The third unanswered question is 'can we use the baseline discovery that has been made to increase the size of the deposit?', and the fourth unanswered question is 'Can we then finance these mines to production?' The consequence of four sequential 'yes answers' was to take a stock from a penny to ten dollars. Truly a spectacular set of circumstances. I'm not saying this merely in the context of Paladin, I'm saying it in the context of the answer to your question. Doubles or triples can be the consequence of one unanswered question and that can be 18 months to two years. But ten baggers, fifteen baggers, or a 100 baggers, are normally the consequence of a series of 'yes' unanswered questions. I have found true back testing in the exploration capital partnership series, which is where I have the most experience garnering 20 baggers, that the median holding period for me, for a 20 bagger is in excess of four years. Still a relatively short period of time to enjoy that type of appreciation.