Rick Rule
Rick Rule is President and CEO of Sprott US Holdings. He is a well-known investor and financial speculator who focused on sub $1,000,000,000 market capitalization public and private issuers in natural resource industries. Highly experienced investor and speculator, Rule has structured, led and participated in hundreds of privately placed debt and equity issuances for resource companies operating internationally, and domiciled in Australia, Canada, Chile, Great Britain, New Zealand, Sweden, Switzerland, and the United States. He is a sought-after investment conference speaker as well, having presented at hundreds of resource and investment conferences over the last thirty years.
- Dedicated his entire adult life to many aspects of natural resources securities investing
- Rick Rule has appeared as a guest on Real Vision multiple times
- He thinks that Royalty Companies are the best part of the mining business. Although since they don't use leverage, they don't perform as well as other types of gold businesses like miners.
- Expert on natural resources investment and industry topics
- Global network of contacts in the natural resources and finance sectors
- A frequent speaker at industry conferences
- Often interviewed for radio, television, print and online media
- Frequently quoted by prominent natural resources oriented newsletters and advisories
- Active in private placement markets - originated and participated in hundreds of debt and equity transactions with private, pre-public, and public companies.
- Expertise in many resources sectors
-
His thoughts on gold and precious metal bull markets:
- Gold becomes popular when confidence in Fiat Currencies wanes
- Gold tends to move really fast when it moves
- Precious metal bull markets begin with gold (gold is the fear trade)
- The price for gold increases first, then later price for gold miners (once their income statements and balance sheets improve thanks to the higher price of gold)
- The biggest, most liquid, most stable & most experienced gold mining stocks move first (least risk and easiest for investors without mining expertise to get exposure)
- Later interest moves downmarket to smaller gold miners that can be acquired
- Finally, interest grows in smaller/risker development and exploration mining companies
-
- The exploration and development sector has been underfunded: expects larger mature minters will need to make acquisitions of junior companies to keep up production. Larger companies also have better balance sheets and cost of capital which make this natural
- At the previous peak, precious metals and miner assets were 7% of investable assets. Today they are just .5% (lots of room to grow). Mean was 1.5%