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« Traders Lose Faith In Fed - Shift Rate-Hike Bets To December | Main | An Extreme Is Developing That Impacts The Gold Sector »
Monday
Jun052017

Rick Rule: “I Sleep Better at Night Owning Physical Precious Metals”

Rick Rule

Rule also discusses the gold price, how he picks stocks and why he's no longer a bitcoin owner.

Rick Rule of Sprott US Holdings is a popular figure in the resource sector, and that couldn’t have been more clear at the recent International Metal Writers Conference. He gave some of the most well-attended talks at the show, covering uranium, private placements and more.

Speaking to the Investing News Network midway through the event, he expressed positivity about commodities overall, commenting, “I like the whole space.” In the near term, however, he’s most interested in precious metals. “The precious metals stocks I think are reasonably priced,” he said, adding, “I don’t think they’re cheap, but they almost never become cheap.”

That said, Rule cautioned investors not to bite off more than they can chew. “[Investors should] own the number of stocks that corresponds with the number of hours per month that they’re willing to spend on research,” he said. In other words, if you’re willing to spend 10 hours a month on research, you can own 10 stocks — it’s up to each individual to decide their limit.

In terms of which stocks are the best, Rule gave a few tips on how to identify good ones. He said he looks for companies with management teams that have been serially successful (read more on that here) and projects that could become large — perhaps most importantly, however, he focuses on understanding what a company’s value proposition is.

Watch the whole interview here..

rate hikes loom but gold holds its ground

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