Gold is like “life insurance”; Rick Rule has never seen this in his life
With bond yields at historical lows, and even negative in some parts of the world, investors are navigating uncharted waters, and gold demand could see a surge, says Rick Rule, CEO of Sprott U.S.
If you have mean reversion in terms of gold and gold-related equities, you will see between triple to quadruple demand in precious metals and precious-metals related assets,” Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
He added that no prudent investor wants his life insurance to pay off because that means someone has died, and this is what gold is all about. (show less)
With bond yields at historical lows, and even negative in some parts of the world, investors are navigating uncharted waters, and gold demand could see a surge, says Rick Rule, CEO of Sprott U.S.
If you have mean reversion in terms of gold and gold-related equities, you will see between triple to quadruple demand in precious metals and precious-metals related assets,” Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
He ... (read more)
VRIC 2020
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