Rick Rule, President and CEO of Sprott U.S., shares with our Daniela Cambone his thoughts on the current state of the gold market. While he warns against "backing up the truck" just yet, Rule explains how he is overweight his 40-year average and why he recently upped his gold exposure considerably in the mining sector. The successful investor also reveals the piece of advice that took him from being well-established to wealthy.
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.