Rick Rule, investor and speculator, joins Small Caps to share his views on the markets and where he believes they are headed.
Topics covered include: the creation of Battle Bank, interest rates, the economy, recession, government debt, precious metals: gold and silver, outlook for commodities including uranium, his ASX stock pick and more…
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Rick Rule, a renowned resource investor and founder of Sprott Global Resource Investments Ltd., has announced plans to launch a new bank amid predictions of a looming recession as interest rates rise. With his impressive track record and vast experience in the resource sector, Rule’s foray into banking is sure to be closely watched by industry experts and investors alike.
Rule is widely recognized for his expertise in natural resources, having spent over four decades navigating the ups and downs of various commodity markets. He has become known for his conservative approach to investing, always emphasizing the importance of long-term wealth preservation rather than short-term gains. His ability to identify undervalued opportunities in the resource space has earned him a loyal following and made him a respected figure among investors.
The decision to enter the banking sector may come as a surprise to some, but Rule’s rationale for doing so is firmly rooted in his analysis of the current economic landscape. As interest rates continue to rise, which has been widely anticipated by economists, he believes that the global economy is at a critical point, teetering on the edge of a recession. Rule’s banking venture is his way of preparing for this eventuality and providing his clients with a safe haven amidst the storm.
While the details regarding the new bank are still under wraps, Rule has hinted at a focus on providing stability and security to clients by allocating their investments in less risky assets. By leveraging his extensive network within the resource industry, Rule believes he can offer unique investment opportunities that will outperform in the long run, even in a recessionary environment.
The announcement has attracted attention from both investors and industry experts, who view Rule’s decision to launch a bank as a sign of his deep conviction in the impending recession. The timing of the move is also significant, as interest rates have already begun creeping up in various economies, raising concerns about the impact on sectors such as housing and consumer spending. Rule’s ability to anticipate market trends and pivot accordingly has earned him immense respect, leading many to take his predictions seriously.
As the world eagerly awaits the unveiling of Rule’s new banking venture, one thing is certain – his ability to adapt to changing market conditions has been the cornerstone of his success. With a proven track record in the resource sector and an acute understanding of economic cycles, Rule’s decision to venture into banking could potentially position him and his clients to weather the next economic storm.
Only time will tell if Rule’s predictions of a recession materialize and if his new banking venture will be successful. However, his reputation as a seasoned investor and his ability to identify and capitalize on profitable opportunities give investors reason to be optimistic. As the world braces itself for potential economic challenges ahead, Rick Rule’s expertise and foresight may prove to be invaluable.
Love Rick Rule's outlook.
The wealthy are too greedy, taking real estate off them is the only option now.
Rick Rule is a gem!, a wealth of experience in the resource indrustry…Thank you for sharing your knowledge with me. Rick is the best of the best!
Battle Bank – Rick Ruhl…Ebank
The rick rule is: the dollar will eventually reach it's true value: 0.
So if there is no branch, how will I use my precious metal collateral?
same song, different tune. gold silver and privacy coins is the way I am going from now own. repeating history and expecting a different result under our criminal government is literally insane, unless you have conman, I mean congress in your pockets.
How do I join now?
his " bank" is only for the very deep pockets. YOU are not allowed. He know how to rip you off via having a" bank".
No home + No food + No money + No job +No hope for you and yours + Nothing left to lose = Revolution!, A calculation as old as the hills and why nothing is going to change for the better until the globalist elite and climate change con men are crushed, but that won’t happen until people stop fearing the government and this decade long establishment government starts fearing the people. Am I dreaming, or do I hear someone sharpening up madam guillotine and handing out the pitch forks to the oppressed masses
“Effective resistance to usurpers is possible only provided the citizens understand their rights and are disposed to defend them.”
Alexander Hamilton
Waiting for your bank to open and will be happy to transfer my $$$$ there! My bank just got bought out and not sure if it is viable and I also have a credit union. My plan is to spread out my $$$
Well i don't see no brain here to be either sedated or stimulated, therefore i ask that fdic to refuse to regulate and endorse the battle bank. Enough w creating "value" out of thin air.
Who cares about your stinking portfolios?
Excellent interview, always love hearing from Rick Rule. Thank you for sharing.
The Rick "Rules". Rick if you are looking at this. What is the deal will silver mining and you top pick on silver or secondary silver mining? Nice to add a zero. I hope you had more than a zero.
I've learned so much from Rick in the past 3 years..
Chinese have no CBDC and no social scoring. They only have a pilot with 50, 000 individuals out of 1,4 billion population. Don’t fud the Chinese
Rick Rule defends his freedoms enough said. Good guy, very knowledgeable!
That's why the Binden Administration wants all guns in America.
Excellent interview Kerry. Oh and I really like the inclusion of mei. Maybe because I hold the stock.;)
I can't believe he is 70 years old. He looks early 50s to me.
Which is a good reliable trading platform to trade/invest US stock market from anywhere in the world?
What Rick Rule fails to see is that he is starting a new bank when over 50% of his fellow Americans are now reprobates, especially for adults under 35. His business will be bird seed for the growing number of wicked people.
Another PRIVATE bank. If it wasn't for the nod of the BIS it would never happen. All countries must have a PUBLIC bank, like Canada had prior to .1974 when then PM Pierre Trudeau sold Canadians out to the international PRIVATE bankers. We've gone from affluent to a road that leads to 3rd world status. WAKE UP
It is called communism Kerry, and this is the NWO One World Government agenda also known as UN agenda 2030, the great reset, build back better, imagining a better future ect. All in our best interest of course.
The German Government should reappraise their decision to decommission their nuclear reactors especially in view of there no longer is any cheap gas based energy from Russia !
Might the problem to the massive cash holdings in US Dollars be the underlying ever decreasing value of the currency, which will be the ultimate leveller as experienced with the Weimar Republic ?
Rick Rule is Challenging the Whole WEF Agenda so wish him every success against such a malevolent Organisation!
Might there be a little problem with the increasing number of Bankruptcies in the US having contagion to the economy as a whole !
Anything which takes on the every creeping WEF and their poodle Trudeau et Al deserves to succeed .
Awesome to listen to Rick Rule 'some interesting perspectives.