Rick Rule Rhetoric
@RickRuleRulz
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Sharing insights and analysis from the mind of the legendary resource and commodities #Investor and #Speculator for the Rick Rule fans. (Not the real Rick Rule)
Joined April 2022
"I have never seen gold stocks as cheap at today's gold prices as they are right now."
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“If you have saved in #gold systematically, as I have for 25 years, and you look at the prices of goods and services, you are struck by how cheap things are. If, by contrast, for that portion of your account you maintain in dollars, you are struck by how expensive things are.”
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“For people for whom this is their first bull market - understand, this is not going to be easy psychologically, and if it isn’t easy psychologically, it won’t be fun financially.”
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"If you are a speculator or investor who wants to become more wealthy over a real period of time, you should welcome downside volatility."
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Uranium legend John Borshoff has stepped down from Deep Yellow. $DYL Here’s the story of how he and Rick bet on uranium and turned Paladin into one of the greatest success stories in resource investing.
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“People who buy my #gold thesis-people who hear me say that its rise will mirror the deterioration in value of the U.S. dollar - need to understand that it’s not going to be stair-steps to heaven. There will be volatility, which implies 10–15% fluctuations over a three or four
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“The recent announcement that Beijing wants to establish a #gold reserve facility, where the inter-BRICS currency is immediately convertible into gold, is hugely important.”
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“If you have #gold, you’re dumb as fuck.” ~Mark Cuban December 2022 ($1,800/oz)
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"The risks of not owning physical gold are higher than the risks of owning physical #gold."
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“When #silver moves, it is a truly spectacular event. You have an asset class that can triple, and that increase can be magnified two or three times in the higher quality equities around that asset class. The rent you get paid is so extraordinary that the holding cost of
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“If I have a speculative position that’s up 400%, where I haven’t seen real improvement in the underlying company - except for the commodity price - I’ve learned to take my money off the table.”
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“People need to pay attention to their own psyche. When you feel good about your portfolio, you’re responding to recent stimuli - and when you feel good is precisely the time that you should be scared.”
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