Rick Rule – Listener Q&A – Part Two: Patience And Perspective in Silver & Juniors Will Be Rewarded

Tom welcomes back the legendary investor Rick Rule to answer more Palisade Radio listener questions. Rick emphasizes the importance of personal due diligence in financial responsibility, recommending readers to understand what offers mean for their future before trusting others. In terms of silver, Rick notes that while it has potential, its low price and lack of price movement have disillusioned many investors. However, he believes that silver's bad reputation provides an opportunity for patient investors who are able to handle its volatility. Rick also touched on the risks associated with investing in silver equities, particularly for newly minted companies. He highlighted the risk of nationalization using Mexican and Canadian silver miners as examples. However he suggests that governments may resort to more subtle measures such as taxes rather than direct theft. Rick touches on Blackrock and Sprott but notes that they only act as proxies for shareholders. Rick believes that short syndicates have a better understanding of valuation and the market than regulators, and argues that their function is beneficial. He suggests that those distressed about shorts should push back against them on social media and potentially initiate a short squeeze. Moving to uranium, Rick outlined his impressions of the market outlook for the next 6-10 years. He noted that while the easy money has been made, the structural deficit in supply offers opportunities for significant gains in the near term. Rick emphasized the importance of striving to become the best one can be, rather than solely focusing on making money. He stressed the value of personal development and encouraging a mindset of delivering value and utility to customers. Time Stamp References:0:00 - Introduction1:10 - Banks & Books3:32 - Experts & Responsibility5:40 - Physical Markets & Paper7:35 - Oil Exporters & Dollar10:02 - Silver Usage & Outlook19:38 - Silver & Gold Bull Mkt.21:57 - Nationalization Risks26:48 - Blackrock Holdings28:39 - Eric Sprott & Shorts34:27 - Speculator or Salesman36:45 - Uranium Market Outlook41:05 - Fukushima & Exits46:15 - Uranium Availability47:47 - Nuclear & New Tech49:30 - Fueling & Financing51:08 - Invest In Yourself54:20 - Shift In Thinking57:45 - Wrap Up Talking Points From This Episode * Rick suggests that readers focus on investing in themselves rather than money, and that when they deliver value and utility to customers, the money will follow. * Outlook for uranium miners and the ability for the world to source more uranium. * Rick encourages those interested in silver and gold investments to remain patient and to keep their love in perspective, as those who hold their investments in the metal are likely to experience life-changing outcomes. Guest Links:Twitter: https://twitter.com/realrickruleWebsite: https://ruleinvestmentmedia.comWebsite: https://battlebank.comYouTube: https://www.youtube.com/@RuleInvestmentMediaClassroom: https://ruleclassroom.comBootcamp 2024: https://hopin.com/events/rick-rule-s-winter-investors-bootcamp/registration Rick Rule has dedicated his entire adult life to many aspects of natural resources securities investing. Besides the knowledge and experience gained in a long and focused career,