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manfredhumphries
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Rick Rule: The Election, FED, and the Natural Resource Space - Maurice Jackson - Sprott Money -

Rule is smart, glib and doctrinaire. His company is good, but his logic about economics is wobbly.

First, collectivism rescued the US from the worst recession in its history, the Great Depression. The New Deal of FDR may have been motivated by violent strikes and rising popular militantism as much as by mile long souplines, but without the New Deal and its controls on banks, I shudder to think what the last 80 years would look like.

The next few years will see another New Deal, directed at stripping the fat off the crooks who have profited off the 40 year financial misery of the middle class. So what happens to precious metals if there is massive unrest, militia vigilanti-ism and civil disobedience in our future.

It is not true that gold falls when interest rates go up. That is knee-jerk barking dog crap - look at the charts. Gold prices and stock prices have risen as interest increased.

Commented 2734 days ago

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Beginning of the headline :Mr. Rule has dedicated his entire adult life to many aspects of natural resource securities investing. In addition to the knowledge and experience gained in a long and focused career, he has a worldwide network of contacts in the natural resource and finance worlds. As Director, President, and Chief Executive Officer of Sprott US Holdings, Inc., Mr. Rule leads a highly skilled team of earth science and finance professionals who enjoy a worldwide reputation for resource investment manageme... Read More

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