This interview was filmed on March 1, 2021.
Gold's fall below the US$1,700 per ounce mark has some investors concerned, but for veteran investor Rick Rule, the yellow metal's decline isn't something to be worried about.
Speaking this past winter, when gold was priced around US$1,800, Rule said gold was likely in "a cyclical decline in a secular bull market" - several months on, he believes that's still the case. He emphasized that even in a gold bull market like we're seeing right now, cyclical declines can occur. In fact, they can be frequent and fairly deep.
"I would suggest that investors who can't stand that volatility - that they simply exit the sector. It's a factor - it's part of participating in the sector," he said.
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.