“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:
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In a recent interview, renowned investor Rick Rule shared his perspectives on the future of the US dollar and why owning gold is crucial for protecting one’s wealth in today’s uncertain economic climate. According to Rule, individuals who do not own gold should be “crazy scared” about their US dollar lifestyle, as the potential for a significant devaluation of the currency is very real.
Rule’s warnings are based on a number of factors that are causing concern for investors around the world. One of the primary issues is the massive amounts of debt that the US government has accumulated in recent years. With the national debt currently exceeding $28 trillion, the US is facing a ticking time bomb that could lead to a severe economic crisis if left unchecked.
In addition to the debt problem, Rule also points to the Federal Reserve’s aggressive monetary policy as a reason for concern. The central bank has been printing trillions of dollars in an effort to prop up the economy in the wake of the COVID-19 pandemic, leading to fears of hyperinflation and a devaluation of the US dollar.
Given these factors, Rule believes that owning gold is essential for preserving one’s wealth in the face of an uncertain economic future. Gold has long been seen as a safe-haven asset that can protect against inflation and currency devaluation, making it an attractive option for investors looking to safeguard their wealth.
Rule’s advice is particularly timely in light of recent events that have roiled financial markets around the world. From the GameStop short squeeze to the cryptocurrency frenzy, there is no shortage of volatility and uncertainty in today’s markets. In such an environment, owning gold can provide investors with a sense of security and stability that other assets may not be able to offer.
Ultimately, Rule’s message is clear: if you don’t own gold, you should be worried about the future of your US dollar lifestyle. In times of economic uncertainty, having a diversified portfolio that includes gold can provide peace of mind and protection against the potential pitfalls of a volatile market. As Rule succinctly put it, “If you don’t own gold, you should be crazy scared.”
I own gold because I love it for some reason and yeah there’s no way government will ever stop creating money
Accumulation of physical Gold is the primary way of ushering in a new Reserve Currency. That is exactly how America replaced the British Pound with US Dollar as the new Reserve Currency at the Bretton Woods Conference in 1944 after World War-2.
On April 1st 2019, gold was reclassified to being a tier 1 asset from being a tier 3 asset with a 0% risk weighting under Basel III banking norms. This change was followed by hoarding of massive amounts of physical Gold by major BRICS economies including China, India and Russia – which is a clear cut indication of a move towards de-dollarisation!
I like gold and bitcoin together because if one crashes, the other is likely to get a bid on the back of it
You look different and I love the old look. More natural
Yet Canafa brings the dregs pf the world in as USA also does. And then pays for most of them, as the USS also does.
Great !
Trudeau got elected because there was 1. No other choice, 2. Name recognition because of his Father, 3. He was young and good looking and 4. The media did not outline is failed background of a dismissed drama teacher. Canada is in deep trouble. We have become a vassal of USA. Our debt per person is much higher than USA. We are deeply in debt and we are now introducing a senior dental program and a pharmaceutical program for all ages. This will bankrupt our country and decades of younger people.
If my disabled adult child and her children were not so reliant upon myself and my income, I would be leaving Canada. Of course my age is not in my favour either. Developing countries are where educated and experienced Canadians can assist helping and growing their economy. I'm encouraging my grandchildren to get dual residence/citizenship with 'non-West' nations.
I think ITM may be scamming ALL OF US?!?
Reason: No one there can answer my 2 “gold holdings” questions that Ive posted in this thread.
Once they’ve sold it to you, crickets on utilization or transfer of asset class outside the USA?!?!
You can hold Gold but you cant leave the Country with it!
So is this ITM’s motto now????
So disappointing indeed.
Purchasing power of the US dollar fell by 80% you mean
Weapons of mass distraction from the fact that a trillion dollars worth of debt is now added to the U.S. balance sheet every 100 days and will soon be a runaway event with no identified course of action.
If we live in a bipolar worlds and one polar is accumulating a lot of gold (driving the price higher) and the other polar owns most gold, whose interest would it be to keepthegold price down?
I’ve been concerned for over 20 years and therefore diversified internationally
Acquiring stocks is simple, but selecting the right ones without a proven strategy is daunting. With a $160K portfolio, I struggle with identifying optimal entry and exit points. Any advice would be invaluable.
Great conversation, thanks to both of you.
This whole system is SICK…
The fish rots from the head..
What happened? I woke up in 2019..it's been sick way before that..
I remember in 2017 reading an article by a local coin shop and investment service about starting a business. They said the average cost to start a business was $40k. They reccomended buying 17 Bitcoin at that time instead and giving up the business idea. Today that $40k would be worth $1M. How many business startups would have disappeared? I dragged my feet on the idea until October 2018 but still may have a significant retirement in my old age.
This conversations assumes that allopathic system is the best to achieve such treatment. A friend who only used natural means, only used the Cancer Center of America to drain lungs of fluid. Any "health care" treatment unless surgery, is best outside of the mainstream system regardless of country.
GOLD BUGS DON'T GET IT, BTC IS THE TRUE UNIVERISAL STORE OF WEALTH
BTC IS THE PERECT STORE OF WEALTH ,GOLD IS OLD THINKING AND DEAD.
15:00 “trump on record SS payment is to low….” What media are you listening too? Is this the way Rick rule gaslights the public thinking?
Bull. You cannot get treatment in Fla. quickly either!!!! A friend had cancer and could not get treated quickly in Ormond Bch. He drew out $75.000 and went to Gainesville to get treated immediately. So the moral is
don't get sick, either in Canada or that other one either. I need a hernia repair and have been butchered here in the states. Called Schuldise Clinic in Ontario. Cash price = $7500. Cost me $14000 to get butchered in Grand Rapids. Our doctors have no experience or skill. Mostly learn -onthe job guys. Quacks mostly. My father had an aneurysm and we rushed him to Ann Arbor where they shunted him temporarily. They told us to go to London Ont. and they did the serious surgery. Perfect outcome = he lived 28 more years. So Canada is much better, even with the wait.Gold is dead
it is not scarce… The supply can be manipulated… And at some point, we’ll just pull it off an asteroid
Hi Daniela and ITM team, great show, thank you for that I really enjoyed it. I would like to ask you only one thing, please change the intro music/sounds. It sounds creepy and it doesn't go with the content. Thanks really appreciate it.
Gold & Silver is the best possible foundation for a portfolio.
Rich guy complaining about the threat of more taxes for the rich. Buhu. Where these crooks get the nerve to say taxing the rich doesn't work and therefore we must tax the poor more is really beyond me. History shows that it can be done a long as you are strict enough.
In your portfolio, you need both litecoin and bitcoin. Litecoin (LTC) is not a security, it is a digital precious metal, a digital commodity which cannot be debased, censured, seized, frozen, or confiscated. LTC is a decentralized digital payment medium and a store of value without intermediaries such as banks. Litecoin (LTC) complements bitcoin, like silver complemented gold under bimetalic monetary system, but litecoin has its advantages which bitcoin doesn't possess. Rarity of litecoin means that there will be only 84 million litecoins in existance. As the second oldest coin on the market, litecoin from its inception in 2011 was designed to be the "digital silver" to bitcoin the "digital gold".
@17:28 – Trudeau was not voted in because he was "cute" he was voted in because he was Pierre Trudeaus son. People liked the old trudeau and thought his son would do the same. They were wrong. Very wrong. He has been a disaster.
By God it's MR. Full of Himself!!!
As a Brit i can confirm that Rick is wrong about our health care. Our NHS is an absolute mess. Those who can go private.
Loved your discussion on Canada
18:06 US gross publix debt/gdp is 144%. Canada is 113%. Per OECD 2022 data. If personal debt is included then I believe R.R. is correct re.Canada.vs the US.
GOLD STOCKS ARE TOTALLED ASLEEP!!