Rick Rule: Why I Sold Silver, Bought Oil Stocks, and Fear a 2008 Repeat | Wealthion
In this interview with Wealthion’s Trey Reik, veteran investor Rick Rule, CEO of Rule Investment Media, provides a deep dive into his recent portfolio shifts, his long-term bullish thesis on oil, and his growing concern over a potential 2008-style credit contraction.
1. Precious Metals & Strategic Portfolio Reallocation [00:01:25]
- The Bull Market "Sale": Discussing the recent corrections in the precious metals market—such as gold retreating from late January highs of 5,550 to about 5,000, and silver touching 120 before trading around 80 []—Rick Rule notes that a 25% price drop is a completely normal function of a healthy bull market. He draws direct parallels to the 1970s gold bull market, which saw at least four separate 25% corrections []. If investors understand the macroeconomic fundamentals, they should welcome these pullbacks as a "sale."
References
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