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Rick Rule continues:


“I think history is our guide, Eric.  There have been seven or eight retrenchments in the current gold market, which of course began in the year 2000.  So if you think about the bull market that we’re in, a move in gold from $250 to over $1,500, (as I said) there have been seven or eight retrenchments, and in every case gold has come back and retraced the retrenchment in fairly short order and gone on to make higher highs.


I am convinced that this will be the same thing....


Continue reading the Rick Rule interview below...




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“It’s important that people use these retrenchments to shop for goods on sale.”


Eric King:  “Sentiment on the mining shares, I’ve never seen it this bad.  They are almost considered toxic assets like mortgage-backed securities.  Have you seen anything like this before?”


Rule:  “The 1992 market was a capitulation market like this.  The 1999 market was a capitulation market like this. 


Eric, it’s very important to note that my net worth is a consequence of having the courage to buy markets like 1992 and 1999 very, very aggressively.  Without going into too much detail, from the bottom of 1991 to the top in 1996, in terms of my own portfolio, in 1996 I paid more in capital gains tax than my net worth was in 1992. 


That’s the type of wealth that can be created by aggressive speculators in what are regarded by the public as toxic markets.  These are opportunities, these are not times of terror for people who think.”


Rule also added: “In a situation where the US federal deficit is 50% of the total budget, and where half of the deficit isn’t even borrowed, it’s simply counterfeited, what you do is you tighten the spring with regards to the gold market tighter and tighter and tighter.  And at some point in time that spring breaks (to the upside).


What I can tell you is they make more and more valueless paper every day, and they do not make more and more precious metals.  To paraphrase your friend John Mauldin, ‘Own things they can’t print.’”


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 as Rule tells investors how to make a fortune in the gold and silver markets going forward.  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, Ben Davies, Andrew Maguire, Marc Faber, James Turk, Bill Fleckenstein, Egon von Greyerz and Felix Zulauf are available now.  Also, be sure to listen to the other recent KWN interviews which included John Hathaway, Eric Sprott, Art Cashin, MEP Nigel Farage, and Michael Belkin by CLICKING HERE.


Eric King

KingWorldNews.com

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