Rick Rule Silver Stock Ranking and Where I See Silver Going

the upside in these silver stocks historically has been goofy goofy uh I I'll give you examples in 1970 cordela mines traded for a dime on the Spokan exchange 1981 it was $65 on the New York Stock Exchange sadly I didn't participate in that Andy but a little later on uh I financed panamerican silver at 50 cents with a 75 cent warrant 6 years later it's a $5 stock same year I financed silver standard mining at 72 cents with a buck and a quarter warant of my memory serves me well it too in six or seven years was a $45 stock you buy these things not for the certainty of reasonable Returns on Capital employed but rather for the possibility of truly lifechanging gains [Music] Rick how are you life is great thank you for asking uh in particular because I get to talk to your audience through you so thank you for that you're are very welcome it's always a pleasure so let's talk discuss the immediate macro here just today and I know you really have made your name and your brand through the micro but everything set up through the macro and the sh reiterated today that they are going and to hold if you would that's really a bad word to three Cuts really who knows when but on that news the metals really scream today specifically but also there's been a good setup really for the past three or four months specifically in gold and now it seems like silver is really starting to follow so what your thoughts on all of that the overall macro and the Macon the metals uh you may know uh I have a bank organization the consequence of that is I spend reasonable amount of time when I can talking at least to lower level people at the FED I don't get to talk to the big bosses in Washington they wouldn't like me anyway uh the people at the lower level of the FED I think reflect the Fred's bias that the only thing that stands between the US dollar and Oblivion through inflation is them they see no fiscal rectitude in Congress or the president uh and I think the FED as an institution believes that this is not the right time to cut interest rates they believe that the economy is stronger than the politicians would like to believe they believe too that the incipient rate of inflation is much higher than the rate of inflation stated by the CPI and they don't want to rate make the rates more steeply negative really negative uh not relative to the CPI but really negative uh for depositors so I think the institutional bias within the FED is not to reduce the rate the B Biden Administration which would very much like to win the next election uh would like to see seat rates lower as would Republican Congressman there seems to be bipartisan report bipartisan support for doing the wrong thing from a policy perspective uh but I think thus far the FED has done within its mandate I think a relatively good job and would like to continue to main maintain higher interest rates the market doesn't seem to believe that they will be able to uh today's pronouncement by the Fed was neither bullish nor bearish or hawkish nor dobish depending on you know which sort of animal you prefer um but I think it's signal to the market that it's likely that there will be a Fed pivot if there is a Fed pivot if we see lower interest rates uh I think that the action that you saw in the medals will be muted compared to what's to come right I I'm not smart enough to tell you what they're going to do I can just tell you their institutional bias uh is against it and I I think it's important to think about something about the real environment that the FED exists in people's perception of inflation or put or personally the deterioration and the purchasing power of your savings uh particularly relative to the interest that you receive as a depositor or a buyer of treasuries is more problematic than people think I believe people's perception of inflation including congress's perception of inflation and the popular media's perception of inflation is driven by the CPI I laughingly call the CPI the CP Li uh first of all when it's inconvenient for them it doesn't include food or fuel as you look at me a rather portly 71y old clearly I like to eat so an in uh a measure of the cost of living which doesn't include food is of little use to me uh maybe more importantly it's quote hedonistically adjusted which means that the people who compile the index don't pay attention necessarily to the price that you paid for your house or the price that you pay for rent but relatively the perceived quality of your of your dwelling and how that's changed over time similarly they don't look so much at the price of your computer or software as their perceived value which is to say that this isn't really uh an index what this is is a contrived measurement but the worst criticism I have that I hope your viewers take home with them is that this alleged cost of living index doesn't include the cost of tax the cost of tax is the biggest household expense that most Americans face larger than shelter larger than energy larger than Transportation larger than food combined cost of living index which doesn't include the cost of government I'm amaze that it's considered a good or service but that's a bit different discussion the idea that the deterioration of the purchasing power of my uh savings doesn't include the increasing cost of government to me is perplexing I've tried a thought experiment every year for five years where I've attempted to compute the loss of purchasing power in US Dollars against the basket of goods and services that I consume myself caveat I'm a rich old guy I don't need to buy much so I don't but I think that the value the purchasing power value of US dollars in measured against the basket of goods and services including tax that I consume means that I'm losing about 7% a year right and this draws Me Andy back to the period 1976 to 1972 in my formative years the Spectre of inflation was all about us but would' come off 20 pretty good years and people weren't so concerned about inflation it took five years for inflation to bite them before they understood the deterioration of the purchasing power of their wages and savings when it occurred to them in 1972 1973 it occurred to them in Spades but there was a five-year delay uh between the appearance of the Hallmarks of inflation and the Market's reaction to it and I think that we are precisely in that same period today think of yourself as a saver you buy a US tene Treasury which pays you 4.1% 4.15% you think hell this is a lot better than it used to be 2% you measure the fact that they pay you 4.1 in a currency where the real purchasing power is declining by seven what it means is that you're losing almost 3% of your purchasing power a year every year for 10 years my friend Jim Grant called that return free risk right and I think people really need to consider this particularly people who are interested in traditional forms uh of hedging against inflation including precious metals right well that really leads us to Precious Metals then it's um I don't know what the exact number is but I think it was and I believe you told me this it was in 19 80 I would to say was what the average person had 1% or 2% of their portfolio in precious metal uh corre I'm wrong yeah the exact statement if you want it comes from JP Morgan Chase by the way they didn't have statistics for 81 but they suggested that the market share of precious metals related Investments relative to other savings and investment products in the United States was somewhere between six and eight percent six and eight perc and now where are we now current current number is less than one half of 1% importantly the four decade mean is 2% meaning that if People's perceptions about inflation begin to kick in Gold doesn't need to win the war against the US dollar uh gold only needs to return to mean if the market share of precious metals returns to mean the four decade mean it means that demand for the stuff quadruples and that's precisely what I think happens remember too that prices are set on the margin yes interesting so let's lead us to Silver and you've been on record and you've told me in the past where gold will lead silver and silver will follow silver it's a lagard and when it moves it moves really really quick so yeah let's talk about that Gold's really moved but silver it looks like and I know you're not a technician or a chartist but it looks like silver starting to break out some and it looks relatively strong and I mean that in the sense of it's just been forming a great base here between let's say mid to low 20s to where we're at today I hly suggest no technician and I don't offer any opinion as to whether we're at or about to break out I would take issue with your statement that gold is really moved gold has moved from what 1800 to 22 and change yeah a move is what occurred in the period 2000 to 2010 where it went from 250 bucks to 19900 bucks right I don't G personally because I think it's going to move from 2,200 to $2,500 I couldn't care less to me that's static music is gold moving from $2,000 to $7,000 or $8,000 by the way I don't want this to occur uh the set of circumstances that causes it to occur creates problems in our life and I would prefer not to have problems in my life I'm old and fat and Rich you know I don't want that but I believe that the set of circumstances is Place uh that was in place in the 1970s and in place again in the first decade first part of the decade of 2000 to 2010 for gold to make a real move I don't mean a $30 move or a $40 move uh I mean a real move uh I believe too that what you've seen in silver is more a dead cat bounce than anything else technicians would say it formed a long base uh what I would say is very different I would say the sellers got tired uh you run out of Supply when you've taken out all the supply it's interesting to note in the gold market which you correctly surmise needs to precede the silver market the buying in the gold market has not been individuals uh in fact individuals been a net seller through the gold ETFs from a contrarian point of view that's good that means gold is still hated the fact that it's despite the fact it's performing the buyers of gold have been central banks the cause of the gold move isn't the inist recipient understanding of inflation but rather the weaponization of the US dollar uh the stealing of 300 billion dollars worth of Russian Assets in Us treasuries by the US government does not make other governments particularly those who might be perceived as hostile towards the us to continue to hold us treasuries um the weaponization of the US dollar through the Swift banking system the attempt by the US government to export their values extr territorially through the dollar has led to a circumstance where foreign governments have no choice but to sell their dollars and buy gold if you combine the impact of the weaponization of the US dollar uh and the decisions it forces on our trading partners with what I believe is the upcoming realization by all holders of US Dollars including American Holders of US dollars that the diminishment of their purchasing power relative to the interest they receive in US Treasury is negative that's when you get a move in the gold price a real move in the gold price and after you see the real move in the gold price you'll see a real move in silver prices gold bugs now are saying I'm seeing this all over the Internet gold breaks out to record highs wrong in constant dollars inflation dollars gold is still below uh its all-time Highs but importantly silver is trading at half of its so-called all-time highs it amuses me to see on the internet people you know basically wet themselves with excitement that silver has moved from you know $24 to $27 or something like that that isn't what the move's about the move's about $75 or $85 is it going to happen I don't know if it does happen when's it going to happen I don't know what I do know is this there is a probability rather than a possibility that's going to happen and if it happen happens the moves that you're going to enjoy in the silver stocks uh those moves which are demonstrated by history will justify the weight both in terms of financial terms and psychological terms the upside in these silver stocks historically has been goofy goofy uh I I'll give you examples in 1970 calan mines traded for a dime on the Spokan exchange 1981 it was $65 on the New York Stock Exchange sadly I didn't participate in that Andy but a little later on uh I financed Pan American silver at 50 cents with a 75 cent warrant six years later it's a $45 stock same year I financed a silver standard mining at 72 cents with a buck and a quarter warrant of my memory serves me well it too in six or seven years was a $45 stock you buy these things not for the certain C of reasonable Returns on Capital employed but rather for the possibility of truly lifechanging gains you don't use an amount of money that will deprive your child of a college education or change your decision as to what to have for breakfast you speculate within your means and then you hang on for dear life because you experience volatility uh but if you are right and there's no guarantee that we're going to be right what happen happens is truly a Quantum change in your finances one mercifully which I have enjoyed you know this reminds me a lot of the uranium Market that we just experienced and by by by all means I don't think it's over but it reminds me a lot of that because I remember a couple of years ago I was talking with some friends that investment friends that we do this sort of thing and we became really bullish on uranium and I was really smart enough not to participate it was just yeah it looks really good I should buy some and get in and I didn't and then in June hey it looks good it looks like it's breaking out and then here we are in March 2024 and we are the spot price itself you know more than doubled yep and then you're looking at many of the stocks were 10 Baggers and so now it's like the mission of like I see it as what's the next what's the next R urum FL I see that potentially as a silver as a silver market what's interesting to knowe is that people can understand a narrative like you did but they can't bring themselves to action until the narrative is somehow verified or Justified that happens with price action but when the price action occurs the value of the narrative is less in 2022 the uranium spot price was at 20 bucks it had to go up if it didn't go up there wouldn't be any more uranium and if there wasn't any more uranium the lights would go off it was that simple you had to decide is the uranium price going to go from $20 to $60 which was the price necessary to incent existing production if the answer to that was no you had to understand that 20% of the base load power in the US grid was going to go to grid Heaven which meant the lights would go off so did you believe that the price of uranium was going to Triple or did you believe that the lights were going to go out that was your choice the difficulty is that even confronted with that choice and by the way I probably confronted 300,000 or 400,000 people with that choice in interviews in 2022 alone if if that was the if if that decision was brought to you most people wouldn't make the decision because they hadn't had the psychological bar ation that comes from the fact now that the narrative is proven to be true with price action people want to be in the Uranian business after the price has gone from 20 to 100 which is to say when the price had to go up nobody cared uh after the price didn't have to go up anymore everybody cared now I don't think the silver case is as compelling as the uranium case because the uranium case was a must happen it was an inevitability silver is a can happen it's a possibility but what's similar is hate people hate silver people who came into silver in 2020 2021 the sort of Reddit silver squeeze were disappointed there is no hate as sincere as the hate of a gilted lover and silver has millions and millions of jolted lovers there will be comments in social media after this interview why is that Mor on drawn on about silver it hasn't gone anywhere that's precisely what why I talk about silver the fact that it's hated when the investment goes from hated merely to unated the easy money is made and I love easy money yeah it just easy money requires a lot of patience though in discipline correct me if I'm wrong yeah and to put up with and it's annoying I will not lie all everybody's saying hey how about silver or how about uranium so I have a different flaw in my character Andy um I'm a pathological cheap gate and when something is moved off the bottom uh it's very difficult for me to buy it so psychologically I have to buy at the bottom or on the way down I have no choice um because if the silver price were to move too much Beyond where it is today and the silver stocks were to say go up % on their way to go even 500% I would be hardpressed to make myself buy them so I normally need to buy these things a year or two early because of a flaw in my character but I recognize it's a flaw in my character I recognize that I have to guard myself uh against my psychological aberration most people have a different psychological aberration they require the price action to justify The Narrative I don't have any of that and I also don't have any fear at all of missing out I'm not a guy who wants to participate in technology or wants to participate in cryptocurrency or wants to participate in any Market that I don't understand I hope the other guy makes money I don't care that he makes money that I don't make I just want to make money in the ways I know how to make right well on that let's talk about some of the stocks here it's I and I'll give you some context several years ago I was working for a very wealthy family here in the state of Georgia and we were this was let's say 200 sixish 2007 is and the theory was well we're just going to pick the biggest producers here because you know it was just risk tolerance and that sort of thing and so that's exactly what we did we just picked the biggest producers in the silver and gold we just really the Commodities Market here a handful or a couple of handfuls of those talk to me about that like somebody coming in that doesn't want to speculate in the smaller players is that a valid strategy for most people it's a great strategy invest before you speculate what you find in Precious Metals bull markets is that they only occupy two years or two and a half years of a decade but characteristically things like the X give you 300% returns and the truth is that a moderately intelligent person can duplicate 85% of the beta uh of the Au you with five names or six names the highest quality names uh so you can reduce the downside beta of participating in the XA by 50 or 60% while reducing your upside by 15% that's a pretty good deal she did do that's and there's liquidity there the other thing is that when precious metals bull markets take place the first thing that moves is the metal but the second thing that moves are the senior producers uh particularly if they're S&P 500 components when the generalist money begins to find its way into the space it finds its way into the highest quality most liquid names which is to say the biggest ones so ironically you enjoy quicker gratification with the big ones uh and you enjoy it with lower risk and at least right now you obviate a lot of the time value of money because they're fairly handsome dividend payers for most people a strategy which would involve buying between the three best and the five best producers uh in any sector uh gives you the best risk adjusted rate of return I'm not merely a beta investor all of the money that I now invest conservative I made by speculating wildly which means that I like to come down the quality Trail because I'm willing to work hard and I'm willing to take the risk I'm willing to do it for investors who aren't willing to put in the work or who can't afford the risk they need to stay with the biggest and best companies caveat biggest and best companies self-serving go to the rule classroom to learn how to do that but I'll give you a short form uh you need to either Avail yourself of or a construct in that present value model what the present value of future cash flows from existing proved developed producing reserves are relative to the Enterprise Value which was the market cap plus total debt less cash then you need to look at something called the recycle ratio and I'm going into how I construct my rankings right now by the way the secret sauce which is to say historically uh how have companies done at translating the margin that they received per unit of production say ounce of production of gold uh how have they done reinvesting that have they replaced the reserves uh that they've produced uh at an efficient rate because past successes is although incomplete the best predictor of future results and then you need to look at their pipeline what opportunities are are available them to reinvest the idea is that rather than buy the XA rather than buy 35 companies 20 of which you probably shouldn't own under any circumstances uh if you can duplicate the beta performance uh of the X by buying the five best names in the space well you may marginally reduce your upside because you give up optionality for efficiency you greatly reduce your downside and any transaction where you can give up a little bit of your upside for most of your downside is a really good transaction right well let's talk about some of the names then um well actually before we do that about your ranking system what's a good rank then so let's say five is that be an average or yeah I hold many fives in my own portfolio what it usually means a five is first of all the ranking is one through 10 right one being Ben best 10 being one I'm sorry yes five is stuck in the middle uh I'm willing to own fives if the reason that I have the stock is a five is because I have all I don't have all of the data that I need to justify a higher ranking I believe something to be true uh I believe that they will enjoy exploration success I believe Management's discussion about the fact that their return on Capital employed uh will be you know something decent but I haven't seen the data suggest that it's true yet um a one ranking is extremely rare and I'll show you how hard how harsh my rankings are I believe I've given out nine one rankings in 35 years of ranking uh a one means first of all world scale assets tier one assets tier one defined by me to be in value of recoverable reserves and resources in excess of 10 billion US um I want to have the target be in the lowest cost quartile worldwide in terms of aisc and the highest quartile worldwide in terms of return on Capital employed but at any rate better than 25% at current commodity prices I want uh a worldclass CEO and world-class management team and I want their expertise to be specific at of the at the task at hand you know I don't want them to be successful in some Endeavor that doesn't relate to what they're doing I want to believe that the the company is selling for half of liquidation value I liquidation value by the way uh I want to see a catalyst in place that could double the share price in 18 months and I want to believe that there's a possibility that I could get a 10 bagger out of the stock in five years Johnny the last one I gave uh Ivan home mines oh I also want to know why it's cheap if I don't know why it's cheap I don't know my risks so the last one was Ivan home mines I had Robert fredland serly successful Explorer I had two tier one deposits the plat Reef in South Africa the largest undeveloped Platinum deposit in the world Platinum plaum deposit uh and Kim Kushi the then highest grade undeveloped copper deposit in the world I had 93 cents a share in cash the stock was selling for 63 a very smart buyer cidic had just paid a115 for their stock and I could replicate their purchase for 63 cents that was reassuring for me so I saw that the stock was selling for less than half it was worth I had two tier1 deposits I had an absolute tier one entrepreneur what was wrong it was in Congo people were scared to death of Congo I believe that kamoa kakula would grow uh and I believe that once they achieved the production financing for kamoa kakula which I believed would take place within 12 months that the stock would double and I believed that I had the ability to see uh a tenfold increase in the price uh and that worked uh you know I think the stock went from 63 Canadian cents to 13 or 14 US dollar um you know it you pretty well I I've had very few ones and I've had no misses when I had a one well what's a typical ranking that you'll get I mean there's a big cluster at six uh six and seven particularly among the Juniors sure uh in a market like this where most commodity producers are out of favor uh from a price action point of view there are some companies that aren't good companies but they're so cheap relative to the value of their assets uh and relative to their pipeline that they've moved up the rankings through no fault of their own other than the fact that their share price has fallen right so then that leads me to ask what's what won't you touch what number won't you touch or is there I won't buy anything under a five you won't buy anything under a five yeah I I mean I you know I I'm looking at it from the point of view of my own money right uh and I am willing to put myself in high-risk situations if the rewards are extraordinary to me it's all a trade-off between risk and reward and a trade-off to uh I guess it's the a different way of saying the same thing uh between net present value or perspective Net Present Value and Enterprise Value the Delta between what I think something is worth uh and what it's selling for is what I'm interested in and the probability that that Gulf will be uh erased that's all of what I'm interested in I don't care about Market momentum I don't care about sentiment I don't care about anything like that I care about uh buying reality at a discount got it well I'm going to give you three big names here big producers if you could just rate them yep um yeah just for our audience if you would um let me spit them out first you rank them and talk about first Majestic panamerican and hone I have uh first Majestic out of six the things I like about first Majestic are aen management team uh and a wonderful uh cost of capital Keith newm has done a great promotional job which means he has a cult around the stock and it reacts very well to moves in the silver price which lowers his cost of capital he has also done a very good job of buying large cash starved mines uh lavishing millions of dollars love and attention on them to return them to profitability he's done a great job historically and historically it's been a high ranked stock however they have at least temporarily broken their pick on Jared Canyon and they have to fix Jared Canyon before I can move them up in my rankings so what's wrong with the stock is summarized in one phrase Jarett Canyon they're doing the right thing you know they're not wasting any more money on it in terms of trying to produce it at a loss they have backed up they're drilling they're they're doing a lot of drilling to establish a continuous or body if they're able to do that if they're able to do uh with Jared Canyon what they were able to do as an example with sanus uh you you'll see that thing move up the rankings and you'll see the share price move up uh pretty dramatically but it's a six currently next one I'm sorry uh panamerican panamer I'm a buyer uh I have it as a four I think I'll be able to erase it to a three uh and a three is a very high ranking from me um what I don't like about it is that they issued 50% of the company to buy the Yana assets that meant that they felt that the Y assets were worth more than the assets that they already had uh in other words I feel like I was diluted and I sold the stock uh now the stock sells for 40% of what it sold for then so their sins have been reflected in the market meanwhile they've progressed they've done a fairly good job and I think they'll continue to do a good job of selling off marginal assets to uh fix the balance sheet and importantly free management time to focus their love and attention on their tier one rather than their two assets tier two assets this is important also importantly uh they have two warrants in effect in the company which aren't valued at all uh they have a deposit uh in Guatemala that's a 500 million ounce high-grade deposit that they aren't able to produce for social and political reasons the market gives them no value for it if and I'm not saying that when I'm saying if they are able to return that to production that deposit alone doubles their silver production and lowers their Allin sustaining cost they have a separate 500 million ounce highgrade deposit in AR in Argentina which they haven't been able to develop my hope is that with regime change in Argentina and the argentines suddenly deciding that they need money uh that sanity returns that society and that they're able to put that project in production that project by itself could double panamerican silver production I'm not saying that either of these go into production what I'm saying is that you have a warrant on a billion ounces of high-grade silver that isn't reflected in the share price I don't know what it's worth but I know it ain't worth nothing yeah got it so H what kind of rating would you give Hite uh looking at it this instant uh it is current unranked so I have no no opinion I want to share the other two companies I know in some detail panamerican going back to financing it at 50 cents with a 75 cent warrant in 1989 or 1990 uh and being very very very close personal friends with its founder Ross spey I know it extremely well got it um let's pivot a little bit to some of the smaller ones um what do you know about ad and what kind of rank you Mo to give it I have Adriatic as a four uh which again is a high ranking for me uh I like the deposit a lot uh I understand I think the geology I've been there as an example uh I believe it to be contrary to what some other people believe volcanogenic massive sulfide deposit these deposits usually occur in clusters or bunches they have discovered depending on your point of view two or three nodes uh of what I think will actually be a camp uh with probably double the size of Deposit they have completed the mine on time on budget uh in a place uh that doesn't have a lot of recent mining history which is a pretty good outcome and I think it's fair to say that they've achieved political and social consensus in a neighborhood that you know went through a pretty ugly War 20 years ago which is quite an achievement right now uh the deposit is probably zinc Centric given the discrepancy between the zinc price and the the silver price if the silver price moves up it'll become a silver Centric deposit simply because of the increase in price in silver and if the stock comes to be rated as a silver stock as opposed to a base metal stock I think it'll rate in the market what will cause me to increase the racing the the rating uh will be the achievement if they achieve it of name plate capacity they completed building the mine on time on schedule but now you got to shake the mine in you got to shake the mill in you got to learn how everything works that'll take six months or 9 months to occur if it occurs if they achieve name plate capacity uh with regards to throughput and cost uh and if the price doesn't go up uh this thing has the has the possibility of becoming a three which is a very very very high ranking for me got it what do you think of Dolly Varden silver what kind of ranking would you give it I have Dolly Varden as a five uh upgraded it to five from six uh their success in the market has has worked against them which is to say if they hadn't substantially outperformed the market in the last two years I'd have them at a higher ranking remember I'm all about the discrepancy between price and value uh I believe that they may have the ability to turn two segregated fairly small but high-grade deposits into one much larger deposit in other words rather than looking that looking at this is 40 million ounces down here and 22 or 2 3 million ounces uh up here I'm looking at a circumstance where it may be part of one mineralized system if not part of one deposit and I may end up being able to look at a universe of 200 million ounces rather than 70 million ounces that's what's intriguing to me about Dolly Varden go well I really enjoy your just your critical aspect of this I think that's what all investors could learn from you is really looking at it at the these companies critically not because they've heard them somewhere or not because they've seen a banner or they seen them at a show and they talk to somebody but taking somewhat of a deep dive into what they're actually doing in in the books so I appreciate that and that really leads me to you have a you have a um the prospector generators coming up and I can Advocate that enough because and I want you to talk about that I actually I actually have four things I want to talk about in sequence please first of all uh rural investment media I've graded 80,000 portfolios I'll grade yours for free no obligation go to rural investment media.com list your natural resource stocks please no pot stocks please no tech stocks please no crypto leave an old man to do what he does natural resource stocks I'll rank them one to 10 I'll comment an individual is issues I think my comments have value second invest in yourself go to the rural classroom there's 200 hours of instructional material there about valuing companies about translating geology into economics it's all free no obligation invest in yourself before you invest your fortune the third is as you suggest the boot camp every 90 days Albert Lou my partner and I do a deep dive into some subject or another we did uranium we did silver we did royalty and streaming we're doing exploration Prospect generators precisely because they're hated and we love hate we're going to do an8 hourong Deep dive into Prospect generators importantly you'll have access to the recordings of the boot camp which you'll need to refer to for a year we're going to give you more information in Ed hours than you can consume I guarantee you as an example is the producer of the uranium boot camp and somebody who spent 35 years in uranium I've had to replay the tapes four times so think what somebody who has a life is going to have to do uh to absorb all the information the cost is $99 uh and like all products from uh rule investment media if you don't think you got your $99 worth goldplated money back guarantee just email me and I'll give you your money back but the best thing I do is the natural resource investment Symposium I've been doing it for about 30 years it is simply the best natural resources investment Forum on the planet my pref reference would be that you come live to boa Raton 7 uh ju July 7 to to to July 11 the reason I say the best reasons come live because you get to do things like follow Ross Bey or Bob quarterman around the exhibit floor and see what booths they stop in front of uh have a drink on the boat cruise with Daniela D Martino booth and have her tell you horror stories from working for the fed this is wonderful things stuff that we can't tape that we can't have in transcript so the best alternative is that you come live to this conference second best if you can't come live is that you join 13 14500 other people enjoying it in your home on live stream either way live or live stream the same goldplated money back guarantee applies you will get the best big picture thinkers in the world not guys like Biden or Trudeau uh Jim Rickards Daniela D Martino Booth Bill boner uh know me prins Grant Williams people who talk about the world the way it is not the way the big thinkers wish it was after that you get uh analysts and portfolio Managers from the natural resource business not morons that failed at investment Banks analizing technology or supermarkets but rather resource people who've existed in these markets for 30 years you get the Living Legends people who built multi-billion dollar mining companies from scratch talking about the lessons they learned building these companies and how you can employ those lessons for your product and by the way I'll ask them on stage what they own today and why this is applied knowledge not general knowledge importantly too our attendees have told us that our exhibitors are content too they're not just advertisers what that means is that every public company exhibitor uh at this forum is handpicked we have to own the stock before we invite them to appear sadly as you know not every stock I own goes up but there is a guarantee that these are all vetted I know them well enough I like them well enough that I've invested both my time and treasure in them uh so what you'll see is a range of opportunity there that's assembled on a qualitative basis at every other investment conference I know the qualification to be an exhibitor is simply a check that cashes you wander the exhibit hall and it's polluted by the lame the Halt and the blind you won't find that at my conference and at my conference the same goldplated money back guarantee uh exists now in 30 years of offering goldplated money back guarantees uh my team has created a high quality enough educational products that I've had to refund less than one tenth of 1% of the Comm of the tuitions I've charged over 30 years nonetheless that's my guarantee to you that you're going to get your money back your money's worth or I'll give you your money back excellent Rick well I want to thank you so much for your time uh you've been a mentor from AAR for over 30 years to me and I can't tell you how much I appreciate that and how much it benefited me and my family so thank you

Channel: Natural Resource Stocks

Views: 18,637

Keywords: rick rule, rick rule interview, rick rule interviews, most recent rick rule interviews, rick rules prospector generator, rule investment symposium, silver, silver stocks, investing in silver, investing in silver stocks, junior silver stock companies, dolly varden silver mining, pan american silver, first majestic silver, trading silver, silver bull run, rick rule silver, gold, gold stocks, investing in gold stocks

Id: 64UE3ZRZ3x4

Length: 43min 43sec (2623 seconds)

Published: Thu Mar 21 2024