Gift-Wrapped
excerpts from a recent interview with Rick Rule
With gold and silver prices under attack, today King World News interviewed one of the most street smart pros in the resource sector, Rick Rule, Founder of Global Resource Investments, which is now part of the $10 billion strong Sprott Asset Management. When asked how investors should be handling these price swings, Rule responded, “Eric, money is made by buying low and selling high and the opportunity to buy low shouldn’t be regarded as a bad thing. The truth is opportunity comes gift wrapped, you just have to understand when it’s gift wrapped.
When asked about gold specifically Rule stated, “Could gold go lower? Absolutely, does it matter over two or three years? Absolutely not. Think about where the value is, that shiny stuff which has more or less held value for 6,000 years or a dream printed on a piece of paper, backed by the honor, integrity and good will of Congress? This is a simple trade (fiat for gold).
It doesn’t mean it’s a trade that is going to work in the next month or two, but assuming your readers are going to live longer than one or two months, it’s a trade that they have to be involved in.



