Put Half Your Investment In The Best Of The Best Of 2017 - Rick Rule
Editor's Note:View Kitco News' full 2018 outlook coverage
(Kitco News) - Known as a fan favorite, the Expert Series brings together well-known investors and Kitco regulars to find out where they will be putting their money in 2018.
This year, Kitco News asked experts where they would invest $100,000 next year and why.
2017 has been anything but boring with new assets like cryptocurrencies making waves in financial markets. What does 2018 have in store? Check out what the experts have to say!
PART II: Put Half Your Investment In The Best Of The Best Of 2017 - Rick Rule
Expert: Rick Rule
These comments from Rule were made during an interview with Kitco News at the San Francisco Silver & Gold Summit.
Claim to Fame: President and CEO of Sprott U.S. Holdings
How would invest $100k in 2018?
Half in “the best of the best”: top tier outperformers
Half in “speculative plays”
What are some names of the top tier performers?
Randgold, Franco Nevada, Wheaton Precious Metals, Agnico Eagle.
Would you put any money in lower-tier miners?
“In the intermediates, look at the people with very strong cash flow coming in 2018,” Rule said, “B2 [Gold] would be a name”
What is your outlook on gold?
Rule said he sees gold as a fundamental investment and insurance for your portfolio. As a speculative play, with the market trapped in a months-long narrow trading range, the yellow metal is not very exciting.
What are your thoughts on bitcoin?
“[Bitcoin] probably has [had a negative impact on gold], but my belief is that you pay attention to more important things like the business’ ability to generate cash as well as performance that exceeds expectation,” he said. “The more people pay attention to stuff that doesn’t matter, the better the chance some old guy like me has to compete.”
“We are entering a market that I think is going to surprise a lot of people to the upside, both in terms of the best of the best and also the highest quality juniors,” he said.