Rick Rule is a highly experienced investor and speculator, focused on sub $1,000,000,000 market capitalization public and private issuers in natural resource industries. Mr. Rule has structured, led and participated in hundreds of privately placed debt and equity issuances for resource companies operating internationally, and domiciled in Australia, Canada, Chile, Great Britain, New Zealand, Sweden, Switzerland and the United States.
00:00 Intro
01:36 Rick's X followers found him
02:05 Discussion of global junior mining investment audience
05:30 How does Rick navigate a world with an increasingly short attention span
05:55 Old, fat, and rich
07:43 Is gold still a contrarian investment?
09:45 Gold market parallels to the 1970s gold bull market
14:29 Many investors were shaken out of the gold trade in 1975, and they missed the great bull run from 1976 to 1980
17:45 "There is nothing I like more as an investor than hate"
18:25 The gold mining sector deserves the investor hate it currently enjoys
21:30 The gold price gains have been more than matched by the input costs required to produce gold
23:45 There is no capital discipline in the world like a high cost of capital
24:55 Paying real attention to stock selection is what's going to work
25:55 $9,000 isn't far-fetched
28:00 We have the building blocks in place for an increase in the gold price that's an order of magnitude more important than the market assigns it
30:25 Investors should study the 2000-2011 period as the appropriate analog for today's gold market
31:30 The most important variable is human
32:40 In junior mining, 4% of the management teams generate well over 60% of the gains
34:30 You need to be a contrarian to do well in junior mining
35:55 The Howe Street proposition makes the lottery look like a good deal
37:14 When the market recovers enough that you think you're smart, sell some stock
37:39 Money is made in the delta between value and expected value
41:04 "When the reason to own a stock goes away, the stock must go away"
43:00 Rick's favorite contrarian junior mining investing story
51:55 Sneaky Pete's
55:00 The Rule Symposium in Boca Raton, Florida July 2024
DISCLAIMER: The work included in this video is based on current events, technical charts, company news releases, corporate presentations and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This video is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.
