Remember all you out there, that 16 months ago, gold was trading at 1200$ an ounce, 500$ less than today and 250$ more than four and a half months ago. I don't know about you but that's a pretty good return. Also, this kind of upping in gold prices is sane contrary to what the stockmarket is doing. Also, gold has a tendancy to go down too even when everything is in it's favor. Look at the 2009-2010 charts. Gold will go up a lot more. The fundamentals are there. I believe gold will really go up once this covid19 goes away and investors see the real extent of what the economy looks like and how the FED and ECB will have to keep on pumping tens of trillions more in the very near future.
Best interview I've heard from Mr. RR. Very smart guy and he understand much quite well. I've been listening to him for the past year and he's nailed this one. I also received a ranking of my NR holdings by Mr. Rule and his staff. Thank you for that. That's something for nothing. What a guy. Good job, David and Kitco. We really appreciate all this insider knowledge you're excellent at flushing out and passing on.
Katusa Research says the amount of gold mined from mines is diminishing for the past several years. So why do miners/refiners sell gold to the U.S. mint so cheap? Hence $1700 an ounce.
Ricks a legend! Thanks for the gold forecasts, I think many of us PM investors smell the shit winds of money printing blowing and they will be nice tailwinds for gold value.
Man. Have to give Rick credit for the number of interviews he does. He provides great perspective and experience on the probabilities of future PM investment cycles. Thanks.
Thank you for interviewing Rick. He is clearly very knowledgable and generous with that knowledge. And agreed, 10-20% of your portfolio in PM just seems like cheap insurance. Buy it, hold it, forget about the daily swings.
Truth is? Seems to me that “truth is” that most traders are short sighted aren’t worried about the value of an asset. Slot machine addicts don’t invest in assets. You could be losing your house and you’ll still put money in a slot machine for a big payout. So what value is there in watching charts?
Is it beyond ignorant in this economic environment to have more than 9% of your wealth invested in assets that are simultaneously someone elses liability like stocks & bonds ?
Crazy to think few years ago the world is scared that oil run out and price shoot up to over 100$ per barrel... now, look at where we at now... at one point, oil had become 'rubbish' when the oil price went into negative...
LOW OIL ? Here in Canada gas went from $1.25 /L down to .85cents /L. This price drop only lasted for about 1x week. It jumped upto $1.05 /L. So presently gas is down marginally; not near enough price drop to really help the mining companies. unless they did 90% of their annual mining in that week. It's sort of like you getting a lower price of fuel for one week during your whole year of driving to work. I was looking forward to lower gas prices.
Lets all buy 50 trillion barrels of oil and send it to Oklahoma. Then see what happens. This is what happens when people buy contracts without being able to use a product.
What possible good can this information do us? There is NO physical metal available without paying an EXTORTIONATE premium - which I flatly refuse to pay!
The chart at 14:12 shows “now” gold is about $500... Gold isn’t even close to that cheap now... Zzzzz wake is up when you guys want to be accurate and honest.. it was a try, but not a nice try, to fool people into buying gold in my opinion ...
as a religion i think the FEDS 108 YEARS of practiced belief is not guaranteed to continue UNCLE SAM has to face up to his DEMONS/ DRAGONS and the historic golden rule he who has the gold makes the rules
Gold prices are way over priced right now. When one ounce can buy 1950 twelve ounce Budlights . it's way over priced. Who is buying it now, Governments with printed dollars? There is no shortage of it. it's all sitting in vaults doing nothing. Silver is the buy not gold.
Rick is not a dissembling, hyperbolic bullshitter. It would seem that you're intimidated by his Mastery of the English language. I highly recommend that you get beyond that. Honestly, I've never seen a multi-billionaire who is more generous with his time than Rick Rule. But he's not trying to win a popularity contest. He's the best credit analyst in the mining sector and that speaks for itself.