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Here is what Rick Rule had to say: “We are in the midst of a commodities super cycle of the same dimension we experienced in the 1970s ... By the way, I don’t disagree that there are attempts being made to suppress the price of gold, but the market is bigger than the morons who are trying to suppress it.  As far as I’m concerned, the harder they try to suppress it, the bigger the ultimate move will be. 


At some point in time rational people, people who can add and subtract, are going to say, ‘Would I rather have my wealth held in the form of a floating abstraction, like a euro, yen, or US dollar?  Or would I rather have an asset that is not simultaneously somebody else’s responsibility?  Something that can’t be printed and counterfeited.’


My suspicion is that over time, more people will become comfortable with gold than they are with fiat currencies ... The Chinese government isn’t trying to suppress the price of gold.  It’s encouraging Chinese individuals to own gold....


Continue reading the Rick Rule interview below...




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“There is cash all over the place, and the more of these currency units you print, the less valuable every subsequent unit is.  Remember also, despite the fact that there is confidence in the market, confidence that’s been engendered by liquidity, as Ambroze Bierce famously said, ‘The root word of confidence is con.’  At some point in time you can’t ‘con’ an audience as big as 7 billion people.”


Rule also warned:  “I think that the possibility of anomalous events, black swan events, are large enough that collectively they are a probability.  What really needs to happen for gold to move (to the upside), is continued shakings of the foundations of confidence in central banking and fiat money issuances.


The facts are there for people to see, but people need to see the facts demonstrated.  The set of circumstances that causes gold to spike in price are invariably unpleasant circumstances.  I’m just afraid we’re going to see them (unpleasant circumstances that shake the foundations of confidence in the current system).”


This is one of the most powerful interviews Rick Rule has ever done, and if anyone is discouraged or just wondering where we the markets are headed from here, this segment is an absolute must listen.  The above information was just a small portion of this tremendous interview with Rick Rule.  The King World News interview with Rick Rule is available now and you can listen to it by CLICKING HERE.


© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The interviews with Rick Rule, Jean-Marie Eveillard, Stephen Leeb, Pierre Lassonde, Gerald Celente and James Turk are available now.  Also, be sure to listen to the other recent KWN interviews which include Bill Fleckenstein, John Hathaway, Egon von Greyerz, Ben Davies, Nigel Farage, Eric Sprott and Art Cashin by CLICKING HERE.


Eric King

KingWorldNews.com

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