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26.02.26 - 17:48
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"Gold For Me Is A Savings Product": Rick Rule On Debt, Oil Cycles, & Uranium′s Political Reversal (ZeroHedge)
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"Gold For Me Is A Savings Product": Rick Rule On Debt, Oil Cycles, & Uranium's Political Reversal
Last night's discussion featuring Rick Rule, Bill Fleckenstein, and Erik Townsend covered the macro landscape from hard assets to energy markets and nuclear policy.
Below are highlights from Rule's remarks. (We recommend readers listen to Fleckenstein and Townsend's full comments in the complete debate, linked at the bottom.)
Gold: “I Have No Interest In Selling”
Rule made clear he views gold not as a trade, but as monetary insurance.
Nominal yields on Treasuries offer little protection if purchasing power continues to erode.
“Owning the U.S. 10-year Treasury getting paid 4.1%, 4.2% in a currency where I think the real deterioration of the purchasing power is limping along to some number more like eight doesn't make me feel comfortable.”
Rule pointed to structural fiscal imbalances, debt, deficits, and what he estimates at roughly $120 trillion in unfunded entitlement liabil...
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