Dear Friend and GATA and Gold:
At King World News, Sprott Asset Management's Rick Rule explains why he still has great faith in a commodities boom.
"Four billion people worldwide are becoming fairly rapidly more rich, albeit from a low basis," Rule says. "They aspire to the same standard of living you and I have, and that's a material standard of living. This idea that the secular bull market in raw materials has somehow run its course is preposterous because it ignores mathematics and demographics, and you have to travel to see that."
Rule's interview is excerpted at the KWN blog here:
http://kingworldnews.com/kingworldnews/KWN_Da...2014/7/9_Gol...
Also at KWN, fund manager Stephen Leeb explains why he thinks China will be driving gold, silver, and oil prices much higher:
http://kingworldnews.com/kingworldnews/KWN...2014/7/8_Chi...
