Silver Bug Profile: Rick Rule

JP Buntinx
July 3, 2020

Many individuals have expressed their support for precious metals over the years, Rick Rule has proven to be an individual worth keeping an eye on, His predictions and opinions on both silver and gold tend to strike a chord with a lot of people. 

Who is Rick Rule?

People unfamiliar with the name may be interested to know that Rick Rule is currently the President and CEO of Sprott US Holdings. Prior to that, he worked in the securities industry since 1974. In the early years of his full-time career, the focus shifted to natural resource security investments. It is this approach that ultimately drove him in the arms of precious metals, such as gold and silver. 

Early on, Rule saw a lot of potential in resource investing. More specifically, he was very quick to identify the potential of mining, water utilities, agriculture, and energy.

All of these segments are crucial to most day-to-day  business operations, and investing in them is certainly possible. After all, without the proper infrastructure, corporations can’t do much, let alone make money. 

Meeting Rick in real life is equally possible, as he is a frequent speaker. Finding him at industry conferences, or even on the radio or television, is not that difficult in this day and age. His opinions and expertise are valued very highly in the industry.  

Rick Rule on Silver

Having a strong opinion on different industries will often yield to some bold predictions. When it comes to the silver market, Rick Rule hasn’t shied away from expressing his sentiment at certain times. Just six months ago, Rick claimed how the supply and demand equation for silver could get a lot more complex than most people may think.

In the same video, Rule also hinted at how the coming months could yield some bullish momentum for the silver market. Although he couldn’t predict the COVID-19 outbreak, silver has proven to be incredibly resilient. Value-wise, it has performed as well as  anyone could have wanted. There is still more room for a bigger uptrend, but it is difficult to make any adequate predictions in this regard.

Preparing for the Future

Most industry analysts and experts want to inform onlookers and investors as to what decisions to make. Rick Rule goes one step further, as he recently published a video on when to exit gold and silver stocks. It seems now is not the time to do so  yet, but things may change significantly over the next 15-18 months.

While some people may not want to think about exiting their positions, it is unavoidable. No market can keep  going up forever, thus preparing  for what has to happen is never a wasted effort.  Following anyone’s advice blindly is never a smart decision, but some of Rule’s remarks should be taken into account. 

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