0:00 Introduction1:43 Buffett believes gold price going higher?6:23 Significance of Buffett selling bank stocks?8:19 Timing a new junior gold stock position10:30 Still playing the M&A game?14:39 Gold-ounce-in-the-ground valuation metric16:21 Bulk-tonnage, high-capex gold projects to see positive production decisions this cycle?19:49 Gold market topping indicators23:30 Copper bull market after gold bull market?27:02 Key takeaways from 2020 Sprott Symposium29:55 Rick will review your mining stock portfolio
In this interview Rick Rule, president and CEO of Sprott U.S. Holdings, shares investing insights learned over his four decades of success in the natural resource sector. He addresses Warren Buffett's move into gold stocks and exit out of some U.S. bank stocks. Rick explains why many micro-cap gold juniors are moving earlier in this bull market compared to past gold up-cycles. He discusses his outlook for copper and industrial metals as well as reflects on his key takeaways from the recently-concluded 2020 Sprott Natural Resource Symposium. Rick also comments on gold market topping indicators and the gold-ounce-in-the-ground valuation metric and whether it is useful.
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.