‘Reckoning Is Coming’: Rick Rule’s Shocking Forecast For Gold, Oil, Dollar

Summary

Rick Rule returns to David Lin's program to argue that the U.S. dollar will lose 75% of its purchasing power over the next decade, though it may still outperform other fiat currencies. He remains long-term bullish on precious metals, especially gold and silver, while warning gold could have multiple 30-50% drawdowns. He has trimmed junior miners in favor of quality royalty/streamers and oil and gas, and he sees supply reckonings coming in energy and industrial materials.

• Rick Rule forecasts a 75% decline in the U.S. dollar's purchasing power over 10 years, with relative strength versus other fiat currencies.
• He expects nominal gold prices to rise over the decade but warns of 30-50% drawdowns at least twice.
• He favors silver as a faster-moving precious metal during the momentum phase and views precious metals as a portfolio cornerstone.
• He sold 25% of junior mining holdings, will not add new capital, and rotated into quality royalty/streamers and oil and gas.
• He expects oil and gas and industrial materials to face supply reckonings and higher prices due to chronic underinvestment.
• He avoids long-duration bonds and warns that tertiary gold stocks are too volatile for unprepared investors.