Investing in Natural Resources With Industry Legend Rick Rule

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 3 April 2020

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investing in natural resources is hard... no, its foolish... unless you know what you are doing. If you understand the industry it is a gold mine (pun intended). Industry insider Rick Rule talks about his decades of experience investing in natural resource stocks, warrants, and other related investments. He brings his practical experience to the pie in the sky ideas that most investors are looking for. Gold, Silver, Platinum, Uranium, and more. We discuss the best ways to invest in this sector without losing your shirt. For more information, visit the show notes at https://moneytreepodcast.com/290

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast. Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.0	Welcome to this week's episode of Money Tree Investing Podcast. My name's Kirk Chishol, and I will be your host today. So today we have a special guest. We have Rick Ruhl. How you doing today, Rick?
0:21.0	Life is good, Kirk. Thank you for having me on.
0:23.5	Yeah, well, thanks for coming on, Rick. This is actually a real treat for me because I've known of Rick for probably most of my career as a wealth manager.
0:32.5	I followed his and his has been quite successful. So I'm glad we had a chance to bring him on and entertain all the listeners and educate
0:40.5	you all in the area of natural resources and precious metals.
0:44.7	So maybe, Rick, you can tell the listeners a little about your background.
0:48.5	I know you're kind of humble, but maybe you can spice it up a little bit and tell them
0:52.0	about your less than humble, you know,
0:54.7	career.
0:55.6	Well, I sort of think it's tough to make my life seem spicy, but I'll try.
0:59.9	I'm 67 years of age.
1:02.6	I've been involved in the investment business, specifically around natural resources and
1:07.4	precious metals, and to a lesser degree, financial services, insurance, businesses,
1:12.8	banks, things like that, really for almost 50 years, 40-something years. When I say tough to make it
1:20.0	spicy, I was a guy who decided what he wanted to do in life fairly early and never changed.
1:25.0	So you're not going to see a lot of drama in terms of career change.
1:28.4	I would say that the principal piece of wisdom I have to impart is that if you're going to
1:33.5	participate in precious metals and natural resources that you understand that they're cyclical
1:38.0	and capital intensive businesses, my slogan there is you have to be a contrarian or you're going to be a victim.
1:46.6	One other little pearl, if that's the right thing of wisdom before we start too much,
1:51.1	is that in my own experience, people who invest generally don't pay as much attention to their
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