Rick Rule: Crisis in Confidence and Fear of Recession, 'That's What My Portfolio Reflects'

Stansberry Research, Released on 4/11/22

"Gold will resume an increasingly important role in global trade," but I don't believe any country will have a gold standard as their currency, says founder and CEO of Rule Investment Media, Rick Rule. "A gold standard is always a limit to a political system's power," as seen with the limitation Vladimir Putin has had affecting fiscal policy with the precious metal, Rule tells our Daniela Cambone. Negative real interest rates are a government construct that, "penalize savers and investors on behalf of spenders," and underscore a lack of understanding of basic fairness in economics, he continues. "Negative real interest rates, quantitative easing, debt, and deficits," are much stronger underlying causes of inflation than other considered factors, Rule states. Right now, "Russian stocks are stupidly cheap," and are some of the largest commodity producers in the world, he concludes.

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. He is also the founder of Rule Investment Media.

Rick Rule: Crisis in Confidence and Fear of Recession, 'That's What My Portfolio Reflects' added by Herman James on 04/09/2022View all posts by Herman James ?+'