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You Should be Crazy Scared about Your US Dollar Lifestyle if You Don’t Own Gold: Rick Rule

The Daniela Cambone Show May 1, 2024

“For me, gold isn’t just a trading vehicle. It’s a store of wealth, a medium of exchange, liquidity, and insurance,” says Rick Rule, founder and CEO of Rule Investment Media. He explains the precarious debt level that the U.S. finds itself in by referring to the 1980s when the purchasing power of the U.S. dollar declined by 80% as the government tried to inflate away heavy debt. “I think that sort of thing is precisely what’s on offer now.” As a result, Rule suggests there’s a strong possibility that gold will skyrocket to $10,000 per ounce. Additionally, Rule discusses his upcoming conference this summer in Florida where you can socialize with the best minds in the finance and precious metals sector on a cruise boat. Sign up here: https://opptravel.zohobackstage.com/TheRuleSymposiumonNaturalResourceInvesting2024#/?affl=ITMTrading

00:00 Gold awareness in the East v.s. West
4:30 China’s gold rush
6:21 Geopolitical risks
8:11 Gold price
11:16 Silver
13:24 Debt
16:37 Canada
22:09 Healthcare in Canada
24:58 Opening a small business
28:34 Rick’s conference
31:35 Battle Bank

Sources & References In This Article

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