The Golden Portfolio Hedge

Published on
December 24th, 2018
Duration
35 minutes

The Golden Portfolio Hedge

The Expert View ·
Featuring Rick Rule

Published on: December 24th, 2018 • Duration: 35 minutes

Rick Rule, President & CEO of Sprott US Holdings Inc., explains what he sees as gold’s crucial role in individual investment portfolios. Rule discusses investment geographies, portfolio allocations, relative market share, the U.S. fiscal context, and specific securities that may benefit from his thesis. Filmed on November 27, 2018 at the Mines and Money conference in London.

Comments

  • MC
    Matt C.
    10 January 2019 @ 18:55
    great stuff...
  • RP
    Ryan P.
    5 January 2019 @ 20:56
    Rick is a beast. He eviscerates people in LinkedIn and it’s hilarious. Guy is a stud. Love when he’s on.
  • JY
    James Y.
    30 December 2018 @ 14:12
    This type of interview is the best kind RV. You have an experienced investor telling you his thought process and detailed rationale behind an investment thesis for a number of different sectors in his chosen specialism. I’ve recently found a number of the interviews with the more famous investors very shallow, and not telling you much how they approach an investment to the point I considered unsubscribing, but this interview is figurative gold! (Part of this is also due to the fact Rick is an absolute legend).
  • KL
    Kathlyn L.
    29 December 2018 @ 03:02
    He's so good...
  • PP
    Peter P.
    28 December 2018 @ 02:14
    Thank you Rick Rule for sharing your wisdom with Real Vision viewers. Love the long term positive on all commodities from the RoW (ex-China) Thank you RV, and how about bringing back Keith Neumeyer who did a previous interview right before the 2016 rally in his mining stock ? Would love an update on portfolio concentration risk in Mexico w/ AMLO, and the market for Silver.
  • V!
    Volatimothy !.
    28 December 2018 @ 02:02
    “I’ve adopted the somewhat cynical view that the most dangerous politician is the one closest to me.” Rick Rule. Thank you for that statement and the unique perspective.
  • SD
    Sebastien D.
    27 December 2018 @ 23:07
    Great interview, love Rick's way to express himself. Am i the only one to find both the video editing and Rick's eyes moves a bit odd? just wondering...
  • BY
    Bowie Y.
    27 December 2018 @ 01:31
    excellent interview. Loved the way he convey his message - like a cunning old man telling you what's gonna happen in next 30 mins with a smile on his face
  • SS
    Steven S.
    26 December 2018 @ 23:45
    Next time Rick Rule is on Real Vision - can we please complete his excellent delivery of recent successes & future prognostications by having him slippered in a robe at his study, puffing on an ivory pipe between his delivered points?
  • BG
    Brett G.
    26 December 2018 @ 20:17
    https://www.youtube.com/watch?v=iIKSqwsg2i0
    • MO
      Mike O.
      28 December 2018 @ 19:55
      The video link above is for a 2011 interview with Rick Rule by Chris Martenson, i.e., "Rick Rule: We're Entering A Great Era For Resource Investing", which I take as a subtle swipe at the this interview (although this is just my assumption and will leave it to Brett G. to elaborate, if he chooses). To be wrong is not something that should disqualify someone from ever expressing a viewpoint afterwards. If so, there would be no one worth watching and this RVTV service would be worthless. I have learned a LOT from Rick Rule and I, for one, appreciate very much this interview and the points that he freely offered (whose value may soon be evident, I am thinking).
  • HJ
    Harry J.
    26 December 2018 @ 00:56
    I’ll listen to this over and over to make sure I get all I can Absorb from what he says. Thanks RVTV
  • RA
    Robert A.
    25 December 2018 @ 18:38
    Rick’s consistent advice in all his interviews, IMO, boils down to “Don’t Get Carried Away” (due to the Cyclicality of the Asset class). I am, of course, reminded that at the bottom of each Real Estate Cycle that I always seem to own more Real Estate than I wished that I did!
  • EL
    Edward L.
    25 December 2018 @ 17:34
    I think it is interesting (comforting) to see how many educated minds in financial professionals seem to agree on the state of the current economy although on this Xmas date it should be obvious to all. Rick Rule even addresses when to sell which I find exemplary for the more novice investor. What I still do not understand is where the dollar goes and what are its ramifications.
  • tW
    tgwtom W.
    25 December 2018 @ 16:34
    Excellent per usual. Loved the ironies of jurisdictional risks.
  • PJ
    Peter J.
    25 December 2018 @ 12:48
    If you have a short list of analysts you listen to then Rick Rule is a must to be on it
  • PG
    P G.
    25 December 2018 @ 11:57
    31:07" "I think it's a mistake to be overweight gold too because when things go wrong the gold price does so well you get a lot of insurance for a fairly small premium". Rick didn't flesh this out more so not sure why he considers this a bad thing other than a high gold price is a signal TSHTF and all your paper bets are turning to custard. Anyone care to enlighten me?
    • PD
      Peter D.
      25 December 2018 @ 12:27
      The argument against holding "too much" gold, is that things are so bad that governments might one day confiscate it, nationalize it at below-market prices or imposed windfall profit and/or sales taxes on it.
    • JA
      J A.
      27 December 2018 @ 00:33
      Gold can also take a long time to perform... for instance the fundamental case may have been good for gold 2013-2016... but if you were over weight gold you likely missed %s out on equity price RAMP, similar time
  • MZ
    Martin Z.
    25 December 2018 @ 07:18
    Interesting that Rule either disagrees with (or perhaps is unaware of) compelling arguments made by Dan Oliver and others that conditions in the gold, commodities, and emerging markets are very different now from how they were in 2008. In fact, in many ways they are the exact opposite. Consequently, even a temporary decline in gold (and presumably, gold equities) in the next crisis is far from a certainty. It might be wise to stock up on gold and mining shares now, rather than wait for a fire sale that may never come to pass..
    • EF
      Eric F.
      25 December 2018 @ 18:07
      Surely in a crisis everything converges in the short term to a correlation of 1? I appreciate what you’re saying but in a crisis there will be people caught short and gold will be an asset that can and will get sold and will therefore dip short term. I think history shows it recovers quicker but I’m somewhat betting this will be the case by holding some gold now but keeping some powder dry to dip back in on a pullback. I think gold sees $1000 before it sees $3000.
    • MC
      Minum C.
      27 December 2018 @ 18:24
      I think the answer lies in Rick's comment about US Treasury securities and the USD being perceived as a safe haven. Weaving that into the collective indebtedness of U.S. is alarming comment, the bond bull market is 35 years old and closer to the end than beginning remark, the white swan demand story, and I think a solid case is made for a Pavlov's dog style market reaction followed by a light bulb moment and a reversal.
  • ra
    rehan a.
    25 December 2018 @ 07:14
    Nice setup for a Marin Katusa feature !
    • JB
      Joe B.
      25 December 2018 @ 19:20
      What’s your view on Marin?
    • ra
      rehan a.
      26 December 2018 @ 12:34
      Ricks interview was excellent but I’ve understood more about the commodities cycle listening to Marin - seems they’re both singing from a similar hymn sheet lately so I’m keen to hear more from Marin on the royalty and streaming business which would complement ricks piece well. Marin has had some great takeout target calls (Eg nevsun) but I’m still waiting for uranium to play out
    • WM
      Will M.
      27 December 2018 @ 14:48
      Unfortunately Marin just doesn't comes across well to me. Marin appears far too sure of himself, somewhat hubristic, a bit like Hugh Hendry until he realized he wasn't as smart as he told everybody he was....
  • TE
    Th E.
    25 December 2018 @ 06:45
    Excellent interview
  • WT
    William T.
    25 December 2018 @ 00:43
    Would love to have a transcript if possible.
    • TE
      Th E.
      25 December 2018 @ 06:44
      Excellent interview
  • GO
    Gary O.
    25 December 2018 @ 00:11
    The legend Rick Rule. Thank you!
  • JL
    James L.
    24 December 2018 @ 23:58
    Respect for the Rule!
  • RK
    Robert K.
    24 December 2018 @ 23:34
    "intestinal fortitude" we need indeed ;)
  • JH
    Jesse H.
    24 December 2018 @ 21:14
    Fantastic stuff from Rick Rule, as usual. Thanks guys.
  • WM
    William M.
    24 December 2018 @ 20:07
    rock solid, sound, sane advice - as always - from Rick. Thanks for another great year of content, real vision!
  • SN
    Scott N.
    24 December 2018 @ 18:07
    audio download link?
  • MP
    Mark P.
    24 December 2018 @ 15:32
    Rick always makes sense and has a logical basis for his arguments. At his core he is a hard money lender so has seen the underbelly of the resource market. Unfortunately, that is less relevant in these markets today than any time previously. I suspect he will be seen as a wise forecaster sooner rather than later.