Talking rubbish about Uranium. Only reason the Uranium stocks are up is because the FED are buying *everything* & pushing the markets higher across the board. But it won't end well. So far the 'inflation' has been in stock prices - but as soon as QE stops or 'tapers' it will lead to a collapse of all the stocks which have no real underlying business model in the new paradigm & that could lead to real world hyper-inflation (or a massive overnight de-valuation of currency). Nuclear power is already more expensive than wind/solar/batteries (WSB)... and with all that 'waste' never costed into the business model, the taxpayers will have to pick up the Bill for disposing of that. The way to dispose of nuclear waste is with 'breeder' reactors which use MOX for fuel. All the 'waste' could power reactors for a couple of hundred years - uranium will not be needed (in fact hasn't been needed for over a decade - which is why stockpiles have been run down). But I'm sure these guys know that & are just playing the markets.
Geez, I had to actually download this interview. Historical answers and fantastic questions. David is truly in his element with Kitco and I hope he stays as he is for a very long time, I really appreciate the thought and class he brings into each of these discussions.
When it comes to the world of investing,most people don't know where to start.fortunately,great investors of the past and present can provide us with guidance.
Thank you for another great show!!! I am a longtime fan of Rick, and have held UEC for almost a year now. Recently new to seeing Amir talk, but I am already a fan of him as well.
So many specialists and sometimes it seems each one has its own opinion when reading the economy. ultimately no one seems to be right, specially on the precious metals market.
You know you're getting old-school wisdoms when the guest talks about "your listeners". I guess in Rick's mind's eye we're all still clustered around a wurlitzer-sized transistor radio, wearing our pj's and, clasping a hot cocao.
@@justinbourgeois4685 Everything is running because of the massive QE liquidity dump, all that inflation has to go somewhere. It’s high and going higher.
Great interview. My takeaway is that everything Peter Schiff has said about an "inflationary depression" is coming together and that the jumps in non-PM commodities indicate that run-ups in all PM's are an inevitability as certain as the well-contained nuclear reactions in the most secure reactors around today.
I subscribe not only because of guests KitcoNews who experienced in their field, but also for David Lin who is rare case of journalist who does not interrupt his guests.
Metals are an investment over the longer term. Now is a good time to buy. Stocks and crypto snd housing are all in a speculative bubble which are ready to crash. Dow, s&p, and Nasdaq all could drop 50%. Housing down by 30%, and crypto by 99%.
if that’s true then their bubble will pop and how will that make now a good “buy” for metals?? it means cash now and just wait but accumulate cash because if bubble pops why would metals go up? if metals won’t go up why would now be a good time to trade dollars for them?
I think we learned in March 2020 and I don’t even need to look at 2008: crash gonna bring everything but the dollar and US Treasuries with it. No one wants to hear it
people thinking gold will be the reserve of the future just don’t understand how precious liquidity is to the functioning of a healthy financial environment. they “solve” that liquidity problem w fiat but clearly that’s just a fool’s game.
David, great interview!!!! Thanks! Would you please bring back on Amir and have him talk about the spin off from Gold Mining! and now has Gold Royalty as a subsidiary!? That would be welcome by us who are invested in the company!. And the one thing that I did not hear you ask, nor Amir speak of was Uranium Royalty Corp.??? Amir is a powerhouse within himself!!!! and has the backing of the best of the best!
I heard about a study that states, that from the approx. time of the Egyptian Pharaohs, that of all the gold extracted from the Earth, only 10 % has been discovered.
these guest are talking about gold going to the roof irregardless whether gold is at $1200 or $2080. always painting the same picture again and again and selling to the same customers again and again.
Ron Paul has been warning the dollar is gonna collapse for the last 50 years. In truth it has, just in super slow motion so it's almost unnoticeable in real time. People should keep their expectations in check because these are trends that have to be measured in decades, what happens on a day to day basis is just white noise.
@@Pledditor spot on. 👍 tho my thoughts are that things will accelerate toward that CAN!! Hopefully!!! Because I’m over this false economy. Sorry.... had to vent.
At worst silver (and gold) are a hedge against inflation and currency debasement. Anything more than that will be a bonus. There are very few assets out there (outside of today's bubbles) that will hold their value. I appreciate this video for bringing some more points to light. ??
Ask Google to define a Trillion for you. Then ask yourself how long it takes to payoff 30 Trillion. Then you will realize that the U.S. is the new Roman Empire.
The UK is a complete basket case now but I can see the US is way worse! Having a person with 3 chins who chopped their genitals off in charge of the nations health? Neither weimar or zimbabwe were that ridiculous
Is this something you are eagerly anticipating ?? Whenever I read an unrealistic gold prediction related to an uninhabitable area I feel the person is willing to make the trade. Just curious.
@@basicboomer519 That is a fair point. Another point is 5k gold predictions have been flowing since 2000. Here we are 11 yrs later at 1750 If the trade off is chaos i’ll pass on the 5k gold. It’s not worth it.
@@tonyfrattaroli7371 save in investments(including gold and silver miners at optimal times) to purchase rental properties. Sustainable income replacement with the FIRE community is where it’s at IMO.
I sent the list to Rick Rule already three times but never got an answer. Does he maybe not answer to foreigners? Thank you for an answer to this question..
People complain the premiums are high. The day people will be wishing they hadn't concerned themselves with the "premium" is likely way closer than expected. Websites have multi-month waits for shipping right NOW for some forms of bullion. Maybe it does subside again, this time, but this stuff happens like echos. The next time will be far sooner than expected and it may happen overnight and leave those who were "waiting for the right time" to be lost forever.
Still holding on to old ideas. Gold should have gone up to $3000 with all the monetary expansion, like it did in the past. But now it is not. Still below the old all time high of 2013. Why aren't they asking why? Their thesis has already been proven wrong. It's time for them to ask why.
The “problem” with gold is the crazy valuation of equities and crypto to a lessor extent. Much of the so called stimulus money, trillions of dollars printed over the last year, has gone into equities. The inflation you would expect to see after trillions of dollars have been pumped into the economy hasn’t really occurred in commodity prices except in stock and housing prices. When the stock bubble bust, when equity valuations come down to historical sane levels, precious metals will show their real strength. Whether or not crypto will benefit from that bust remains to be since.
Gold prices move inverse of the real yield not by monetary expansion directly. When the monetary expansion causes the real yield to decline then gold prices will move. We are in a disinflation/deflationary trend it seems with reduced GDP that the money printing is trying to restart or at least compensate for. We have also watched interest rates decline for the last 30years, problem is they are now at 0% (neg in Europe) the next step down for the United States is a big one.
@@tonyfrattaroli7371 I think you miss the point. At some ecxtreme price, mining gold from Ocean water could be viable. Reserves are a function of price on a sliding scale.
Gold grows 2% a year. It’s not used/needed for enough things for it to Sky rocket. If money inflates in a hyper way there might be more demand for jewelry which is the biggest thing Gold is used for. But if people don’t have money to buy gold jewelry then what’s it really worth? 🤔 I personally want to see gold grow in value and feel it’s been suppressed massively. I guess we will see.
Gold is far from scarce. It’s all about digging in areas that they don’t want people digging at. So for instance, if there’s “protected land” then it won’t be mined unless it’s a dire need some day.
History has showed us again and agin that currency always gets reset against gold. This is why gold would do well, or because of industrial demand for gold. I recommend reading gold and silver by Mike Maloney. Excellent read.
Even David, who is a great host and conveys so much patience, even he is starting to look like how many times can these guys roll out the same crap...good luck 👍 gold to 🌙 sometime in the next 50 years!!!
With the advent of cryptos I don't think the demand for gold and silver as investments will ever be the same. To be clear, I don't put any value in bitcoin whatsoever, but I can see where Ada and possibly ethereum can have some utility in the defi market. I also think uranium is worthless as a power generation technology, with the exception of the US Navy. Solar and wind paired with batteries are or soon will be cheap enough to take over the market.
David Lin is fast growing to be the best resource journalist in any media format!
He sure is. His interviews are very informative & asks great questions.
Not a poker player
Unless he interviews Jeffrey Christian
Totally agree. He is excellent. Love the way he interviews.
The best resource for dealers to advertise
This is how financial journalism is done! Great guests. Rick Rule is the man!
Why is Rick always CGI look at his neck ..can somebody explain ?
In fact, no Rick is not. It's ROBERT QUARTERMAIN!
I really like your channel. It's so easy to listen to. Very consumable Information. Thank you
jfyi -Kitco is one of the biggest metals dealers in the world. peace
David Lin is too talented to stay at a place like Kitco, that’s for sure.
Kitko always brings excellent guests on and David keeps the interviews clear and easy to follow.
I’m really lucky to stumble upon your channel. Always great listening to you and your guest
Always quality interviews! Good questions, and real experts!
agree, David is great and the guests are good
😂
Two men I highly respect in the commodity sector, thanks for the combo Kitco!
Talking rubbish about Uranium.
Only reason the Uranium stocks are up is because the FED are buying *everything* & pushing the markets higher across the board. But it won't end well. So far the 'inflation' has been in stock prices - but as soon as QE stops or 'tapers' it will lead to a collapse of all the stocks which have no real underlying business model in the new paradigm & that could lead to real world hyper-inflation (or a massive overnight de-valuation of currency).
Nuclear power is already more expensive than wind/solar/batteries (WSB)... and with all that 'waste' never costed into the business model, the taxpayers will have to pick up the Bill for disposing of that.
The way to dispose of nuclear waste is with 'breeder' reactors which use MOX for fuel. All the 'waste' could power reactors for a couple of hundred years - uranium will not be needed (in fact hasn't been needed for over a decade - which is why stockpiles have been run down).
But I'm sure these guys know that & are just playing the markets.
RICK RULE IS THE GREATEST LEGEND OF ALL TIME
Not joe biden or hillary cliton ? Amerikan heroes? :))
????????????????????????????????????????????????????????????????????
Conclusion: the prices of uranium and gold will definitely go up unless they go down
Haha
Facts
You forgot sideways.
One of the best channels and shows on UA-cam, and the world for that matter.
I found this channel a month ago and its become my morning routine to watch. Truly great and informative content, I am learning a lot
Really educational, you won't get this from the so called financial experts on your cable TV channels! Many thanks to this channel!! 😎
Geez, I had to actually download this interview. Historical answers and fantastic questions. David is truly in his element with Kitco and I hope he stays as he is for a very long time, I really appreciate the thought and class he brings into each of these discussions.
When it comes to the world of investing,most people don't know where to start.fortunately,great investors of the past and present can provide us with guidance.
Well said 📌.
Successful investing starts with courage.
@@steveandersonthomas7441 Exactly “The four most dangerous words in investing are: This time it's different.
Crypto investment is filled with individual who know the price of everything,but the value of nothing.
@@emilyamber6266 That wont be a bother if you trade with Stephen Duncan.
Thank you for another great show!!! I am a longtime fan of Rick, and have held UEC for almost a year now. Recently new to seeing Amir talk, but I am already a fan of him as well.
It's great to watch a financial news show where the reporter doesn't feel the need to act like they know more than the guest, like major media outlets
So many specialists and sometimes it seems each one has its own opinion when reading the economy. ultimately no one seems to be right, specially on the precious metals market.
Thanks Rick, David & Amir - from 🇦🇺
I greatly value anything Rick Rule has to say! And so should all of you.
You know you're getting old-school wisdoms when the guest talks about "your listeners". I guess in Rick's mind's eye we're all still clustered around a wurlitzer-sized transistor radio, wearing our pj's and, clasping a hot cocao.
These 2 guests were well contrasted and complementary. Good job!!!
Love your work Kitko, David is a legend with great guests
...I'm not even through half of this interview, and I must say, this is intelligent journalism. Great work on this channel.
Uranium: the contrarian’s choice
My tickers have all gone on a run, do you think now us a good time to buy
@@justinbourgeois4685 Everything is running because of the massive QE liquidity dump, all that inflation has to go somewhere. It’s high and going higher.
Just be ready to pull out when you see the signs that a collapse is starting.
DNN and CCJ went so high in one day, I had to sell. Waiting for a pullback.
The fool's choice
Look forward for the ''REAL'' Rick Rule to step up in future videos :Q_
Thanks for the amazing interviews Kitco
Man, such a great interview with two great strategists. David, Sir, you are doing an awesome job.
Great interview David excellent to get insights from the guests on the uranium sector.
Great interview. My takeaway is that everything Peter Schiff has said about an "inflationary depression" is coming together and that the jumps in non-PM commodities indicate that run-ups in all PM's are an inevitability as certain as the well-contained nuclear reactions in the most secure reactors around today.
I subscribe not only because of guests KitcoNews who experienced in their field, but also for David Lin who is rare case of journalist who does not interrupt his guests.
A lot more informative than listening to Jeff Christian...great channel
I don't like him but he correctly forecast in 2013 that gold would make new highs near 2020. That guy knows the market. For good or ill.
Both Rick and Amir , great work together , an insight investors should listen
Ah, Rick Rule...always teasing the gold bugs. ;)
He was diplomatic tonight, not expressing his opinion the uranium sector is oversold at the moment.
This interview/discussion was 1st class all the way! Nice job David and very good having such a knowledgeable guest lineup.
Sounds good but why are there sellers in the spot market at $30 a pound? Is there endless inventory?
Metals are an investment over the longer term. Now is a good time to buy. Stocks and crypto snd housing are all in a speculative bubble which are ready to crash. Dow, s&p, and Nasdaq all could drop 50%. Housing down by 30%, and crypto by 99%.
if that’s true then their bubble will pop and how will that make now a good “buy” for metals?? it means cash now and just wait but accumulate cash because if bubble pops why would metals go up? if metals won’t go up why would now be a good time to trade dollars for them?
I think we learned in March 2020 and I don’t even need to look at 2008: crash gonna bring everything but the dollar and US Treasuries with it. No one wants to hear it
@@Tarntydon22 see my replies to you
people thinking gold will be the reserve of the future just don’t understand how precious liquidity is to the functioning of a healthy financial environment. they “solve” that liquidity problem w fiat but clearly that’s just a fool’s game.
Excellent interview and report. Thank you.
Excellent. Looking forward to hearing more from Rick Rule.
David, great interview!!!! Thanks!
Would you please bring back on Amir and have him talk about the spin off from Gold Mining! and now has Gold Royalty as a subsidiary!? That would be welcome by us who are invested in the company!.
And the one thing that I did not hear you ask, nor Amir speak of was Uranium Royalty Corp.???
Amir is a powerhouse within himself!!!! and has the backing of the best of the best!
Wow!!!! Two real smart guys sharing their views with us. That was great. Thank u
Damn, I love listening to Rick the Ruler
Exceptional good channel. Great the way you let them talk, no bias...... love it for some time
I heard about a study that states, that from the approx. time of the Egyptian Pharaohs, that of all the gold extracted from the Earth, only 10 % has been discovered.
Another great video, thanks 👍 UUUU Energy fuels is a US based uranium producer, very good company very good stock 👍
David Lin and Kitco run a quality platform. He gets my time
Great job David asking insightful questions.
Pretty great information and when it comes from people like this, you know you can count on it.
these guest are talking about gold going to the roof irregardless whether gold is at $1200 or $2080. always painting the same picture again and again and selling to the same customers again and again.
Ron Paul has been warning the dollar is gonna collapse for the last 50 years. In truth it has, just in super slow motion so it's almost unnoticeable in real time. People should keep their expectations in check because these are trends that have to be measured in decades, what happens on a day to day basis is just white noise.
Agreed. But, hmmmmmmmmm, last year and going forward, US has increased its debt how much ? How many trillions. Just saying.
@@Pledditor spot on. 👍 tho my thoughts are that things will accelerate toward that CAN!!
Hopefully!!! Because I’m over this false economy.
Sorry.... had to vent.
The last 90% of movement happens in the final 10% of time
Agree to all reply.
At worst silver (and gold) are a hedge against inflation and currency debasement. Anything more than that will be a bonus. There are very few assets out there (outside of today's bubbles) that will hold their value. I appreciate this video for bringing some more points to light. ??
Gold is not a hedge against anything, it is speculation.
thank you to all of you ! great content !
Thumbs up mr. Rule for the microphone sound quality 👍🏼
David as always quality!
Ask Google to define a Trillion for you. Then ask yourself how long it takes to payoff 30 Trillion. Then you will realize that the U.S. is the new Roman Empire.
More like Weimar tbh. Way more degeneracy.
Why would I ask Google...I dont want to be lied to when it can be avoided!
The UK is a complete basket case now but I can see the US is way worse!
Having a person with 3 chins who chopped their genitals off in charge of the nations health? Neither weimar or zimbabwe were that ridiculous
If i see Rick Rule is on Kitco, I'm watching!
Great upside Amir!
I bought more than 100 shares from Uranium Crop. I am sure it will be a good investment.
How do you feel about the prospects for Palladium and Platinum..?
Rising Emissions standards will force Auto makers to use more PGM for catalytic converters, check out Clean Air Metals Inc stock
@@martinz6445 but wouldn’t more EV’s mean demand will go down then?
@@johnl.7754 fossil fuel power plants still use pgm’s for emissions. Do you want to cover the whole earth with windmills and solar?
@@huemann7637 I own oil, gas, gold (no solar, ev...) ,....investments so asking to know pros and cons of investment not for anything else.
When Gold finally pops to 4k or 5k..its because there's complete Kaos in the streets. WE WILL LOOK LIKE VENEZUELA!
Is this something you are eagerly anticipating ?? Whenever I read an unrealistic gold prediction related to an uninhabitable area I feel the person is willing to make the trade. Just curious.
People would have said the same about $2000 gold in the year 2000.
@@basicboomer519 That is a fair point.
Another point is 5k gold predictions have been flowing since 2000. Here we are 11 yrs later at 1750
If the trade off is chaos i’ll pass on the 5k gold. It’s not worth it.
@@tonyfrattaroli7371 save in investments(including gold and silver miners at optimal times) to purchase rental properties. Sustainable income replacement with the FIRE community is where it’s at IMO.
@@tonyfrattaroli7371 and don’t over complicate it. I am going to buy a house once I have funding and a good property at a price I can agree to.
Wow a video on this channel that predicts gold will go up. Who would have thougt?
I'm here to listen to David drill down his guests - real investigative journalism 👏
No holding back from Rick here on out! Can't wait!
Great work as always, David
Have rick on more often. One of the smartest guys on you tube
It's Time to Gold and Miners
I sent the list to Rick Rule already three times but never got an answer. Does he maybe not answer to foreigners? Thank you for an answer to this question..
I am a foreigner, living outside the USA
I waited 3 months
But it was worth the wait
@@Timothy_Pitt Thank you!
Thank you for the enlightenment !
People complain the premiums are high. The day people will be wishing they hadn't concerned themselves with the "premium" is likely way closer than expected. Websites have multi-month waits for shipping right NOW for some forms of bullion. Maybe it does subside again, this time, but this stuff happens like echos. The next time will be far sooner than expected and it may happen overnight and leave those who were "waiting for the right time" to be lost forever.
Take delivery from the comex
Great discussion.
Great interview David!
yes I like so much this guys :) Great interview.
UEC logo looks oddly similar to the UFC logo lol
Any comments on PME on the TSX?...I'm thinking of buying.
Depending on one stream of income had never made any millionaire and earning check don't put you on forbes
I totally agree with that
@@worldclasscreativity6610 I tried investing once but withdrew due to the fluctuations in price
@@judithgarza7956 so in other words you didn't try investing.
always great interviews. great job!!
Rick rule is the only guy to listen to.
Rick is so confident , i wanna run and buy , except we dont have Free money in out country
But why wouldn't utilities in the market for uranium not buy uranium now if they thought this was a low?
Completely unconcerned with sentiment
Still holding on to old ideas. Gold should have gone up to $3000 with all the monetary expansion, like it did in the past. But now it is not. Still below the old all time high of 2013. Why aren't they asking why? Their thesis has already been proven wrong. It's time for them to ask why.
lack of demand, plain and simple.
The “problem” with gold is the crazy valuation of equities and crypto to a lessor extent. Much of the so called stimulus money, trillions of dollars printed over the last year, has gone into equities. The inflation you would expect to see after trillions of dollars have been pumped into the economy hasn’t really occurred in commodity prices except in stock and housing prices. When the stock bubble bust, when equity valuations come down to historical sane levels, precious metals will show their real strength. Whether or not crypto will benefit from that bust remains to be since.
Don't anybody read the Bible?? Silver will be thrown in the street. Gold will be tarnished
Gold prices move inverse of the real yield not by monetary expansion directly. When the monetary expansion causes the real yield to decline then gold prices will move.
We are in a disinflation/deflationary trend it seems with reduced GDP that the money printing is trying to restart or at least compensate for. We have also watched interest rates decline for the last 30years, problem is they are now at 0% (neg in Europe) the next step down for the United States is a big one.
@@pmh1nic true
Thank you all guys.
fantastic, thanks!
power panel!! addy and the ruler!!
keep working hard David. You make the financial journalists and pundits on cnbc and fox look like childish fools.
The intro music is a lot better on 150% speed. Once you hear it you don't want to go back.
Very very interesting !!!
is this as good a time as any to buy and hold Gold and/or Oil for 5 - 10 yrs
The term "Reserves" is not static. Reserves at 10,000 an ounce are much different than reserves at 1700 an ounce.
Why stop at 10,000 per ounce?? Since we are in fantasyland, shoot the moon, make it 100,000.
@@tonyfrattaroli7371 I think you miss the point. At some ecxtreme price, mining gold from Ocean water could be viable. Reserves are a function of price on a sliding scale.
How would you go about investing in uranium?
Stocks.
Based on my analasys gold is creating enourmos cup and handle on the long timeframe. We will maybe hit even 1550usd before going to ath 2100+
The market is RIGGED, so your analysis means nothing.
One year on and tbe projects never came through :(
No mention of the other use for uranium.
Jewelry
So why has the price struggled to hold $1700 as we are also sbout to go into the seasonal weakness period?
BTC
nominal interest rates, as we said in the interview
David Lin is always the star of the show, no matter how brilliant his guests are
Gold grows 2% a year. It’s not used/needed for enough things for it to Sky rocket. If money inflates in a hyper way there might be more demand for jewelry which is the biggest thing Gold is used for. But if people don’t have money to buy gold jewelry then what’s it really worth? 🤔
I personally want to see gold grow in value and feel it’s been suppressed massively. I guess we will see.
Gold is far from scarce. It’s all about digging in areas that they don’t want people digging at. So for instance, if there’s “protected land” then it won’t be mined unless it’s a dire need some day.
History has showed us again and agin that currency always gets reset against gold. This is why gold would do well, or because of industrial demand for gold. I recommend reading gold and silver by Mike Maloney. Excellent read.
All these metals are finite resources. They are the residue of something that lived on Earth long ago before going extinct.
Metals are formerly living organisms? hmm...
Even David, who is a great host and conveys so much patience, even he is starting to look like how many times can these guys roll out the same crap...good luck 👍 gold to 🌙 sometime in the next 50 years!!!
well said
Yeah tired of hearing the same arguments for the last 10 years..
Great interview! I’m surprised bigger networks haven’t tried to scoop up David. He’s great.
My goldminjng shares are 40% down Amir
Back the truck up.
Yes - I much prefer to buy after prices have doubled...
TEAM #1 SPROTT !
😎😎😎😎😎😎😎
With the advent of cryptos I don't think the demand for gold and silver as investments will ever be the same. To be clear, I don't put any value in bitcoin whatsoever, but I can see where Ada and possibly ethereum can have some utility in the defi market.
I also think uranium is worthless as a power generation technology, with the exception of the US Navy. Solar and wind paired with batteries are or soon will be cheap enough to take over the market.
Dnn* Uec* UUUU* urg*
Going to the moon 🚀
We have the real fuel of the future ⛽