Rick Rule says gold 'overpriced' near-term; still 'wildly bullish' long-term (Part 2)
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- เผยแพร่เมื่อ 24 ก.ค. 2024
- The recent gold price rally may have gone "too far, too fast," said Rick Rule, president of Sprott U.S.
"I think [gold] might be, in the near-term, overpriced. The truth is that gold bull markets, historically, have been extraordinarily volatile. It wouldn't surprise me to see gold go to $1,900, it wouldn't surprise me to see it go to $1,650," Rule told Kitco News.
In the intermediate term, Rule maintains a bullish stance.
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This was the guy who in a debate with Peter Schiff said that he would start recommending his clients buy gold when it went above $1500...well he didn't keep his word.
Crap. Physical gold is wildly manipulated too low.
billydgarrett Don’t think that for one second. I agree gold is under priced and has been for over a decade.
👍💯 the cartels will carry on manipulating the price of gold.
💯💯💯💯
No, wrong. Much less than other assets, if at al.
Do you have any idea that most of analyst/ so called expert still are not rich?
I just bought 15K $ in gold bars 5 hours ago, then come to see this video ... damn lol
Rick Rule has been a little inconsistent lately. Always remember don't rely on one person's opinion.
Great vid!!!
Great interview David!
Always appreciate an interview with Rick Rule. Great info 🤙
I will not get surprised if gold touches US $3,000 per troy aounce in coming 12 months. All fiat currencies eventually fail in the long run. Future looks very much clear that currencies will be backed either by gold or silver.
The Repo market was requiring large injections of cash way before Covid. This Covid nonsense was setup as a cover for hte largest economic collapse ever. When there's a second wave and lock down is 100% required, this is when it'll happen.
It will never happen. For the simple reason that nations love the ability to manipulate their own currencies. How will anyone offer up the exact number of ounces to account for the backing of their currency? If the USA doesn't let us know their exact number what makes you think Russia or China will ever open up their vault....
Remember gold is money, everything else is currency
Great report from Rick Rule. Thank you Kitco News
In light of the comments, regarding the US$ being a safe haven , I would like KITCO to speak on NESARA/GESARA... thank you, I enjoy the diversity of your interviews👌
Thank you very much for your encouragement. I would like to accept you.
Gold may drop slightly before rising to new highs. Rule is blabbering as usual.
Food, silver, bitcoin and guns to protect it!
👍💯
Some mining royalties and equities for profits?
Rick has always been a great source of wisdom and information, and as he said by the end of the interview he definitely is a very approachable and helpful person.
very good interview always like to hear rick rule. 1) embrace volatility, buy more when it dips 30% and 2) buy the whole company if you had the means!
Figuratively "literally" , of course...
What's interesting is his advocation of cash to capitalize on the volatility in a PM bull market. This is contrary to being weighted in physical bullion. I've been wondering if this doesn't make a temporary case for reducing physical to weight more into PM s
I Carry on to stack gold and silver, even though the price is manipulated by the cartels .
Last interview both of them were saying buy gold . Now usd is safe heaven . Now which is true later on they will say see I told you guys and play one of the video which is correct .
The fact that Rick is willing to look over our mining portfolios says volumes.. thx Rick
This interview is quite literally "Gold"! Rick Rule is a giant of investing, and this interview is such an insight. Thank you Mr Rule for being so forthright in this rather volatile time. Blessings.
Can listen to Rick break it down time and time again .... How good would it be to have a mentor like Rick and some funds to invest?!
I don´t really agree with Rick, during the 2008 crash, Gold went in a bull run from 2008 to 2012, 4 years straight, from $700 to $1800. We are in the same or even worst situation than 2008 right now, and we are just at the beginning of this crisis, saying that Gold may be overpriced in a near-term sounds like a joke to me.
US debt gonna reach soon $27 Trillion, the pandemic still spreading, there is unemployment, bankruptcies, debt bubble, financial bubble, manipulated stocks, repos, trade and currency wars, banks insolvency, etc...
Even if the jewelry market is now down, there is a huge demand for Gold has a safe haven, trade, and don´t forget that we have now also Cryptos backed by Gold that create also a demand for more Gold. Gold should now go up and will not stop until the normalization of this crisis, and this crisis is just the accumulation of the 2008 crisis, we actually never got out from that one, so go figure.
Rick says that Gold is going up too quick, it is going up quick because the time reaction/response of the FED and Government to this crisis has been quicker than the one in 2008, so yes, inflating markets, bailing out corporations, companies, businesses, stocks and pumping $ by the trillions left to right in a few months and at that speed...will speed up everything else.
Gold is just following the natural path of the actual crisis, cruising at the same speed, I even feel that Gold should actually already be in the $1900s easy, same for silver, seeing silver at $19 sounds to me like a big joke considering the actual situation. We all know that every thing is manipulated including ourselves.
Mon 1:30 EST, GDX, silver Mining stock, can freefall despite rises in metals. People who buy on margins, feed the Fed and its members.
Great interview. Thank you, Kitco and David for bringing this brilliant man on to the show.
Rick Rule has a background in the gold market and a way with words. Everyone should listen and appreciate a guy with 45 years experience.
Absolutely!
rick rule is incredibly articulate and intelligent
I have total faith in ricks total faith in Ross beaty. Currently sitting at a 3x in equinox and a 2x in pan american
There is 13 trillion of dollar-denominated debt in the world. Once you understand that you'll understand that the dollar is going to get stronger for a while until there is a reset so the dollar is a safe haven for now. I don't believe that our banking system will go negative as it would totally disrupt the debt that the banks are holding. It has been a failure in Europe and would not help us either. The gold bugs who sell us, gold love, to overstate how our fiat currency is going to fail but don't take into account how the rest of the world is in the same boat but have to buy dollars to pay down their debt.
People in other countries will be forced to liquidate USD into local currencies based on prescient needs. When times get tough, all of a sudden everything becomes local.
Excelent interview.
Thank You for this!! It is very timely. It helps my psychology.
What he's saying is have a "little" cash to buy gold and silver on any short term price drops. Simple
Love Rick Rule, he rated my Portfolio the other day. He talks UTTER sense
I can't catch his email. Do you have it?
He makes a good point...but gold should be higher regardless but like he said the usd is a safe haven too buy assets!
Gold is NEVER overpriced in the long term when Fiat is in town. Mr. Rule simply wants a) Credibility insurance based on questioning future price drops. B) Prices to drop so he can buy more!
Overpriced ? As a demand is going up it is not of a priced.
Agreed ,oh and the fake stock market isn't overpriced also ?
demand, yes, but most of it is sitting around in banks. When (if) these banks try to get liquidity, price will plummet.
If Rick Rule believes this..... tell him to give me a plausible explanation on the price of rhodium.... he know what im talking about.
I respectfully disagree with Mr. Rule. The demand for physical metal will soon outstrip supply to the extreme if it isn't already. Just wait until the stock or bond market tanks, then there will be a rush for safety when the panic really sets in. The fact remain is the US dollar is toast! Like Mr. Kiyosaki has said, they can print it faster than you can earn it!
Gold is still under priced. Buy physical gold if you can find it.
Buffett famously says, "In the near, markets are voting machines. They measure psychology. In the long term, markets are weighing machines. They measure value."
So typical. nonstop videos of gold price pumping then oh wait it’s overpriced
Exactly. It's driving me mad. They want their cake and eat it too?
Gold is not being pumped ! It's being suppressed.
I've listened to Rick alot and this was his best
Preciously.... ONCE !
cash a safe haven..lol
$ deposits depositors are burning up 5% a year inflation and loss of purchasing value overseas..
What i like about Rick is that he is not a extremist. Can`t stand these "experts" that are to extreme on one side. He points out there is value in dollars, stocks( certain companies) and metals. Which is the most realistic thing.
Still haven’t ranked me Rick
I’ll go 3 rounds with you 🥊
be patient, well over 1000 behind, 134 new, today
Ditto--twice submitted weeks ago, no reply.
Where's Peter Schiff? Gold and Silver are going to the moon!
Lol! Go figure.
Bernard following spot gold price daily for five years now 5 to 6 jours à day. May have misses two or three days in all that time and this Is the first time that gold regains what it sometimes poses as fast as what it's doing now. When you read or hear the term "buy the dip" we're not talking 50 dollars anymore but just a few bucks. You Can feel the fear in the stock marketing which is finally realizing that there's no more money to be made as it was the case just a few weeks ago when some stocks could still be considered a bargain when it lost 30% in a day for nous apparent reason. Now it's a flee into metals and gold in particular as they've finally realized the situation is worsening and notre getting any better. We're not talking weeks anymore but a lot of months at best. Europe is looking at a second wave. When you have this kind of news and risk, you put your money in an asset that has provenance itself in times of crisis for hundreds of years and is proving that again once more. Safety is gold and nothing else.
What Rick says at the end is not true for me. I sent my gold stock picks in twice and both times I recd emails from his people looking to sell me their investment products. No rankings on my picks.
Very Intelligent investor
I always appreciate Rick’s analyses and his manifold perspective. He always speaks the truth!
This guy is a wealth of knowledge
My Minera Alamos and Gold Terra Resource Corp are going sideways but GR Silver Mining is up. : )
i like how Rick talk
Plain English for non snobs: Buy silver and hold it in your hands until it will buy lots of income producing land. If you are already rich, do it with gold instead.
😎💯👍
Rick sound very confident .
Overpriced?over what?
"Cash to me is a safe haven asset, although over time you are guaranteed to lose your purchasing power." That and the creepy artwork.
All of your guests keep saying that the USD is the "best" fiat currency.
Actually, the £ British Pound has held its value much better than the $ USD recently in relation to gold.
And the value of the $ USD has fallen in the last month compared the £ GBP.
I'm sick of this shit, lets just get this collapse over with. We all know it's going to happen, we all know it's going to be really really bad.
If you want to know who Rick endorses as companies just look at all of the speakers and booths at the Sprott symposium. I think they are all vetted by Rick
Excellent interview. I found this interview to be simple enough for me to understand and follow along and Ricks answers confirmed a trend I have been discovering in other investment news media. The trends are disturbing to say the least but now I feel as though I have been forewarned about what the future holds. My thanks to both David Lin and Rick Rule.
Sincerely,
Peter
Cash is literally trash. Why would you hold cash instead of gold? Gold has every reason to go up much higher than where it is now.
US dollar is going down and gold is going up. Another Rick interview I completely disagree with his point of view.
He said that gold will go wildly higher in intermediate-long term. What he and I are expecting is a stock market crash and that gold and silver spot price and mining equities will crash sympathetically. This happened in as recently as March of 2020 and if you had cash and bought gold, gold stocks or royalties on sale then your $ would have gone up 300-500% and those proceeds could be sold To buy more physical gold and silver. I bought physical silver in March but missed out on miners. I won’t on this next dip.
Volatility is a trading/investing tool
PoG may experience some relative extreme volatility in the near future at which point our saved cash should be deployed to acquire more gold, preferably physical rather than paper
He said in the meantime.
Gold 💛
Wallbridge mining. had outstanding new drill results
David is such a good interviewer he might be my favorite
Rick is a very smart and calculating person. Love his interviews.
A gold miner is a liar standing in front of a hole in the ground.
I really like this guy.
"too far too fast"...is he talking about FANG stocks or gold?
Gold
Last interview both of them were saying buy gold . Now usd is safe heaven . Now which is true later on they will say see I told you guys and play one of the video which is correct .
The USD will still outperform all other currencies. For us who don't earn dollars is a safe haven along with gold.
Rick Sir, you rule the airwaves - amazing clarity of thought!
This man is wise!
I’m glad David got this interview. Solid
What’s that email address again?
World wide printing has little affect on an individual currency.yes cash is king if you are in the club.lots of countries are not .Gold is in a bubble 106 silver to gold ratio today that's a bubble .when to sell that's up to you .sell sell sell.
the ruler
Between people trying to cover short positions and those trying to get lower entry points, I guess people would state that in the near term gold is overvalued. In actuality, gold is way undervalued with the level of money printing going on. There wasn't this level of global debt and money printing when gold hit $1900 a few years ago. I wouldn't expect much of a dip in gold or the miners. The reasons are because of a false manipulated down turn, volume of money printing, people waiting to buy the dip, new volume of people waiting to buy the dip in the miners, vast amount of money from funds and wealthy people ready to buy the dip. Hold onto your shares and don't let anyone con you into selling. Stay out of margin and don't set the stops on high quality gold stocks.
overprice with wich money, Fed keep printed us dollar.)))GOLD is the only safe haven.real GOLD price 2600 US dollars right now.
👍😎
Buy the dip!! Of PMs!!!
oops thats usa
I'm amazed 317 like this video. Why? If you think that Rick Rule is correct then I'm imagining that you're selling all your gold before the head comes. If you don't sell all your gold because he said it's overpriced then you don't believe him. You know what they say put your money where your mouth is.
No one gives a crap what Rick says.
Think for yourself.
Not a fan. He exudes arrogance and rambles.
A deep and liquid lie..
Soooooo much crap
You know I can't stand it when somebody says something is overpriced. Based on what? Wells Fargo Citibank and other major institutions have all said that gold is going to hit $2000 very soon. Now you got this clown coming on saying gold is overpriced. Worst video from Kiko ever.
This guy doesn’t know what he’s talking about.
David looks terrible
Bevis looks fine
Maybe he has the covid
He doesnt look well.
This interviewer should consider other professions