Rick Rule shares with us on SBTV his valuable observations of investing the contrarian way and investor psychology needed to survive a bear market. We find out how Rick views physical gold and other resources that are on his radar at this moment.
Discussed in this interview:
01:11 Investing the contrarian way.04:43 Investor's psychology in a bear market.08:11 A bear market is a sale.10:10 Ascent of man: The need for natural resources.14:01 Gold: Bear or bull market?19:24 Gold: An insurance and store of value.24:47 Geopolitical turmoil no longer move gold prices?27:35 Deciding between bullion, gold stocks and gold ETFs.32:58 Other resources on Rick's radar (nickel, potash, uranium)37:29 How resource stocks are affected in a financial crisis.
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., 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.