By Tommy Humphreys
CEO.CA
Rick Rule rules the junior resource world with his checkbook. The acclaimed speculator has been financing mining and energy companies for nearly forty years and has the big scores and scars to prove it. From his perch as chairman of Sprott USA, the world’s best known natural resources & precious metals focused investment firm, Rule possesses exceptional insights into the global natural resources space. We were able to connect with Rick for an hour on Friday to get his perspective on gold, the macroeconomic backdrop, the TSX-Venture Exchange, Sprott Inc., and success in natural resources. In his words, “This is a long rant, but you asked for it.”
Sprott and Rule are very public proponents of precious metals ownership. In light of gold’s recent near-$300 crash, it was the natural place to begin our conversation. “If my memory serves me correct, we’re in the 8th or 9th cyclical decline in what I think’s a secular bull market. This correction is perfectly normal and healthy. It may or may not be pleasant — but how you look at it is your problem.”