Silver Equity Market Resembles That of Uranium in 2022: ‘It’s Stupidly Cheap’ - Rick Rule
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- Опубліковано 23 лип 2024
- Jeremy Szafron, Anchor at Kitco News, interviews Rick Rule, CEO Rule Investment Media, where he analyzes the commodities market, including gold, silver, uranium, and lithium. Gain insights into Rick's views on the evolving dynamics of the mining industry, the significance of junior mining companies, and the broader implications of de-dollarization on global currencies. With a focus on practical investment strategies and a look into the oil and gas sector, this video offers valuable perspectives for investors at all levels.
VRIC coverage is sponsored by Snowline Gold -
snowlinegold.com/
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Rick Rule on X: @RickRuleRulz ( / rickrulerulz )
0:00 - Introduction
1:00 - Commodities Market Overview
2:30 - Gold and Silver Forecast
4:00 - Uranium and Lithium Outlook
5:30 - Investment Strategies
7:00 - Junior Mining Companies Analysis
8:30 - Major Mining Companies' Role
10:00 - De-dollarization and Global Currencies
11:30 - Oil and Gas Investment Insights
13:00 - Rick Rule's Final Thoughts
15:00 - Conclusion
#gold #miningstocks #uranium #lithiummarket #silvermarket #rickrule #economy #bitcoin #silvermarket #silver
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Rick Rule is 70+ years old and talks with the energy and passion of a 30 year old. Love it. Gosh, I know 20 year olds with less energy.
Rick is a polymath. Listening to him is a good way to make money.
@@UraniumFever88 ??
the guy has nothing new ever, repeats himself incessantly, plays defense for authoritarians he pretend to hate, and cheers on the illegitimate presiden destroying the country
The energy is a product of the success of his hard work which has paid off over his career.
Yeah he definitely takes his vitamins
i would also have energy with $200M to my name
Rick Rule is always a must watch. I saw many interviews with him and i often hear him say the same but that way it sicks in my mind and hopefully it improves my investing skills :)
Same as you 👍🏻 I try to watch every interview he does…… normally 5-10 a month.
A lot of repeated stuff but as you say,it sticks in your mind.
Haven’t found a mentor with a better brain than Rick and I cherish his words of wisdom.
the guy has nothing new ever, repeats himself incessantly, plays defense for authoritarians he pretend to hate, and cheers on the illegitimate presiden destroying the country
The only thing of Rick's that sticks is his flow of BS.
always good to get an update from Rik, thanks again
Amazing interview...Rick was on Point!
Love Rick trashing Trudeau😂😂👍👍
👍👍
the guy has nothing new ever, repeats himself incessantly, plays defense for authoritarians he pretend to hate, and cheers on the illegitimate presiden destroying the country
There’s Rick’s Rule and then there’s Murphy’s Law.
And in electronics engineering there's Je rk-off's Law.. er, Kirchoff's Law.
I keep getting those two mixed up 😁
o'll take Rick anyday
And there's Bill Clinton's first law, "The angle of the dangle,
increases by the heat of the meat."
Jeremy and Rick really vibe in this convo. Jeremy is doing really well and is exciting to listen to. Pairs well with Ricks entertaining thoughts.
Wow! This man is absolutely brilliant!
Thank you!
The challenge for silver is that it's not bought by central banks. The gold/silver ratio may be irrelevant in an era of fiscal dominance
Recently - China , and India , and recently Turkish governments have bought large amounts of physical silver .
True but it is bought by ordinary folks and industry.
You couldn’t be further from the truth !
GOLD AND PHYSICAL SILVER IS BOUGHT UP BY CENTRAL BANKS
Great job Rick.
When Rick Rule speaks, I listen.
I want to know how gold mines aren't bringing in mega cash with gold at $2000. How much higher does that need to go before its profitable???
Right. Imagine how it would look if gold was still trading around 1500 usd…
I heard it's inflation of their "operating costs" ? ... which makes their bottom line much worse
@@jmlathion2909 why would it
They are producing less.
Barrick has said they use 1500 gold as their break even point yet dividends are weak with 2000 gold. I'm hoping this dividend is a pleasant surprise
I have a modest collection of silver bar and coin 'artworks'
My opinion is, when the physical market value reaches a point where the S2G ratio becomes close to historical norms, I won't feel to bad to switch into gold.
I'm already S2G 6 - 1 and would be happy to close that ratio even more.
One of the few where you can actually see through the incentive why he was on a recent podcast/UA-cam appearance binge. He has a conference to advertise, which in itself seems very valuable, but for the he gives insight in his mind. And he's filthy rich already, doesnt need to fish for exit liquidity in social media, he is genuine here
When something is hated and cheap, its a great buy...I'm buying silver nearly everyday on eBay and from my LCS.
Yep take advantage of today's joke gift of a price. It won't and cannot last forever.
I’ve heard for 3 years we are coming into a good market. Miners are so disappointing. Hard to even listen to all these guessers
Look at uranium. It pays to be patient.
Young investor?
You´re right, I´ve listened in the last 25 years, Stock markets and Real Estate are in a bubble, and don´t stop to rise, while gold, it´s flat, and silver worse.
RC-zn1pn, You must not have been paying attention in 2020. Gold and silver miners had a great run. It will come around again.
@@UraniumFever88the smaller uranium stocks haven't even moved relative to the spot U price, so it's not too late.
Smart dude
Definitely a fan of Rick Rule.
I have absolutely loaded the boat with Silver miners. FSM, AG, EXK, MAG, HL..Producing Silver miners are my top investments.
Thanks for the info. How do you pick these stocks in particular? Are these stocks Rick has recommended? Thank you!
PAAS and FRESNILLO
@@samiselmane456thanks for the info! Are you buying now or waiting for the recession in case they fall lower?
How would one best go about finding the best management teams in the junior exploration sector? Those names with proven track records. Names like Friedland, the Lundin family etc. It is tricky for a retail investor finding the best teams. As Rick says, most junior mining companies are not going to make it into a success story.
Well, yes -- but, when gold rockets higher,
worthless gold stocks will also move up.
Perhaps they'll move later, slower, and
lower percentages -- but they will move.
Fantastic talk Rick; wonderfully helpful information.
And Jeremy, I have not seen you before; you have great energy for interviewing ... Thank you too.
Ive been watchinf Uranium stocks since Jan 2023 and missed the bull market because i was being too conservative and scared of a recession but Ricks absolutely right. The EASY money has been made, not to say it cant go up from here but the multiples its reached in less than 12 months would be hard to duplicate again in the near future
But Rick, who has time to reseach the sector company by company to look for the viable companies with good management teams? How do we evaluate a management team?
You’d need to meet them, but you ain’t doing that… so you need to join his website / newsletter etc etc… standard scam!
He hardly talked about silver.
Not much to say - but I agree with you .
“ silver will follow gold after gold breaks out “ …
WHEN ?????
@@rudeawakening3833 -- Finding out *WHEN* will be easy.
Just keep living and watching, and you will see it happen
*WHEN* it happens.
Rick Rules the boss
Alot of people in these comments are not patient at all.
Glad Rick mentioned lithium but I'm surprised he said lithium isn't hated yet, as it seems very hated. It must be close to his criteria of truly hated.
It's clear lithium is hated when an explorer comes out with amazing drilling results, yet the SP goes down - that's hate in my book lol.
great interview
08:00 so Sprott will never ever sell all that Uranium?
Is this a statement or a question?
The trust currently has no mechanism to ever sell. They literally can’t sell any of it unless they restructure.
I just can't believe that they have no exit strategy@@brawndothethirstmutilator9848
When is time to get into hated platinum & palladium?
🧐🧐
Uranium Stocks Appreciated In Value Just The Same Amount As Uranium Did . So I 'd Say They've Been A Disappointment They Were Supposed To Have A Huge Leverage Being The Sector So Thin.
Cure for low prices...
favorite best managed gold mining developers and explorers?
Tom, Dick & Hairy, Inc. They have proven up more reserves than Moe, Larry, Curly & Shemp combined.
Barrick , Newmont , Weaton Precious metals .
Barrick and Newmont have historicaly not been well run@@rudeawakening3833
Paas
The best developpers are : i80, Argaonault, Aris, Steppe Gold, Calibre Mining, Gogold, K92, Denarius, Silvercrest, Discovery Silver, 1911 gold, TML.
Ask Rick who the smartest cat in the room is and he will reply Rick!
Naw, I've heard Rick during several interviews talk about mistakes that he's made.
Also, in many interviews, he explains that he stays out of most market segments
because he really doesn't know enough about them to risk his money.
I agree with Rick on a 2 or 3 year time horizon. Only thing I'm worried about is there likely would be a big market crash before then, which would absolutely tank silver, before it rebounds and actually shoots the moon.
I have yet to see this guy right about anything
@@scottboyington9768Guess you missed the uranium trade?
@@thebarryman not at all but I don’t get my trades from RR I study and do my own research just stating my own experience listing to him over the years
It is stupidly cheap. That's why i keep buying more. Eventually the big eye of MSM will again roll around and it will jump and the GSR will come down to a better spot however it probably won't occur until the marginal ounce is touched by the deficit folks keep talking about...when/if that happens watch out.
Amca dipçi süngerci. 🤣
The Dollar is Toxic 👹
I suspect …..😂
It is the Pareto principle and it is not a law. Look it up
Uranium 100% price gain on 12 months. Easy money / position opportunity window closed. Unless China can develop manufacturing of helium 3.
Turn off the lights. Ricky glows in the dark. Ricky is a legend in his own mind.
Low valuations???? ROFLMAO
Nickel
Do any silver miners ever actually make money? They are never a "value" because they endlessly dilute and lose money. Mining is a horrible business. The physical metals have real value. The mining stocks are just paper.
Unless you go with the
majors … Barrick , ( gold ) Newmont , Weaton Precious Metals …
Agreed @@rudeawakening3833
Careful. PM mining shares will do NOTHING for 25+ years before you get the parabolic move up. The opportunity cost alone will hang you. There are much better ways of making money.
Another crypto speculator?
@@userjoe4321 Nope. Just look at XAU to Gold ratio over the last 30 years. Gold miners have underperformed the metal by over 85% since 1996. Question is, how long do YOU want to wait until a reversion?
Maybe you’re buying the wrong ones. ? 🤷🏼♂️
BillandCourtney, If you’ve been looking at the XAU/Gold ratio you would know that it’s close to breaking out of very long trend and reversing.
Silver should be over 30
"I love hate." Rick's a hater!
Rick became rich because he's a hater.
SPROTT FUNDS ARE DOWN!!!
Rabbi Woke ricky
very bad interviewer.. hard to follow
FYI I'll be voting for Trump!!!! Stay in your lane Rick!
I hope more people began to realize the answer will never come from D.C. Both parties are corrupt and controlled by powers to be. It’s professional wrestling... Why didn’t Trump pardon Assange if he is truly fighting against the ‘new world order’? Why did he give Fauci a medal his last day in office (considering he let Fauci shut down the economy bankrupting thousands of small businesses)? Why did he embrace and force the warp speed operation vaccine (bypassing safety protocols)?
2018: Gold is going to 3000
2019: Gold is going to 3000
2020: Gold is going to 3000
2021: Gold is going to 3000
2022: Gold is going to 3000
2023: Gold is going to 3000
2024: Gold is going to 3000
I’ve made 30%+ each of those years and had I bought gold or silver I would be far worse off. Gold and Silver is hated because the industry is terrible at forecasting. They have wasted a lot of people’s investment time.
@@zohan9995 - You are welcome to type it out 24 times. It does not change the point that the gold bugs can’t forecast.
Given the strength of the current dollar, the fact that gold is still hovering above 2000 is pretty remarkable.
lol
lol@@TexasGolfer
And yet golds beaten the S&P since 2000!
I think millions of people will vote for trump
Trump 🇺🇸🇺🇸