Rick Rule has been profiting from natural-resource investments for decades, along with his brokerage clients, and he has seen more than a few convulsions in his time. He shares with us how he eyes the right speculation prospects, cognizant of the fact that most mining prospects are valueless.

The president and chief executive of Sprott U.S. Holdings Inc. believes in fundamental analysis and getting to opportunities before they garner wide attention. “When the wisdom in a trade is obvious,” he says, “the trade is over,” and on this episode he explains the case for copper and uranium.

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Meet the hosts

Brien Lundin is president and CEO of Jefferson Financial, which publishes Gold Newsletter and hosts the New Orleans Investment Conference. He has four decades of experience in investment markets.


  • I shied away from using debt for a long time… I feel that I’m missing some opportunity by doing it, though. I think the turnaround in gold and silver is right around the corner, and I want to buy more physical. I’d rather not use all of my saved cash, as I like to have that ready to spring on opportunities in the stock market. What are your thoughts on using a 0%APR credit card (which would also give cash back bonuses and points for a large purchase) to buy some silver coins? Best, James

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  • Speculators, Take a look at the recent Precious Metals Summit for 2016. It has a vast amount of company presentations but consider paying particular attention to the Ross Beaty interview and the other keynote presentations.

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  • Perhaps you will find this magnificent BBC documentary interesting. It tells the story of the ancient city of Caral, a little north of Lima on the coast of Peru, which is arguably the oldest city in and the beginning of civilization in the Americas. The Lost Pyramids Of Caral There are two points I would like to make about the story told therein of Caral which I think are relevant to libertarians. 1) The early civilization of Caral apparently arose purely out of commerce. This confirms the insights of the Austrian school of economics. And it may be an example of a commercially organized cooperative human society that antedates the rise of any state. 2) This contradicts the presumptions brought to the study by the archaeologists. For one example, at 7:20 one states the following. You can’t build … on the basis of consensus. You have to have leaders and followers. You have to have specialists. You have to have people who are in charge. People who can tell individual groups, alright, today you will be doing this. This group you are going to be doing something different. In other words, in his academic world, the possibility is inconceivable of that human cooperation could be organized by trade — the marketplace — rather than authority.

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  • With particular reference to this weeks edition of Sprott´s thoughts ( ) featuring Rick Rule, I wanted some investor insight on the so called postponed bull markets in industrial commodities, particularly Uranium. Am I correct to use the metaphor of a beach ball being pushed deeper underwater at a slower but steadier rate which will delay capital investments in the sector, which will in turn cause an inevitable supply crunch maybe more dramatic than if the spot price allowed more investment now? I guess platinum and palladium are for there own reasons in a similar situation. I like the uranium thesis presented by Rick and I think the nuclear industry growth will overpower the weakness in global electricity demand which we are experiencing now.There must be a lot of money tied up in the constuction of new nuclear power plants so we should expect those to be in full operation as soon as they are finished. We may have to wait a little longer as investors but there may be a more dramatic turnaround. Excuse my rambling but I would very much welcome any thoughts or possible error´s in my coclusions. Cheers

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