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"I have never seen gold stocks as cheap at today's gold prices as they are right now."
Rick Rule Rhetoric
2,058 posts
Rick Rule Rhetoric
@RickRuleRulz
Sharing insights and analysis from the mind of the legendary resource and commodities #Investor and #Speculator for the Rick Rule fans. (Not the real Rick Rule)
Joined April 2022
- Trudeau has decided to ban chemical fertilisers. Canada is the 4th largest exporter of grains and legumes in the world. If he gets away with this foolishness, Canada is going to have to import food. It’s impossible to comprehend the woke stupidity of the ruling class.
- The very big wins in my career, the 10 baggers, the 20 baggers, share two common features. The first is they took over 5 years. The second is the share price fell 50% or more during the course of me holding.
- The Saudis are tired of the weaponisation of the U.S. Dollar. A good Saudi friend and former client summed it up for me last week by saying, “For 50 years we’ve felt secure being protected by the U.S… and now some of us feel the need to be protected from the U.S.”
- "In the year 2000, gold was at $253; now it’s at $2,700. #Gold has gone up 8% and change a year for 24 years, and people say, 'When is gold going to move?'"
- There’s a #copper mine in the U.S. called Resolution. It was discovered 25 years ago. It’s a world scale deposit, over a billion tonnes with three times the average grade. It’s been in the permitting process for 20 years with no end in sight. This is insanity.
- In my career, I have never seen #gold stocks as cheap (Based on net present value relative to enterprise value) at todays gold prices as they are right now.
