Rick Rule – Spectacular Home Runs In Gold, Silver & Oil
September 4, 2012
Today Rick Rule spoke with King World News about spectacular home runs some investors have been hitting in the gold, silver & crude oil markets. Rule, who is now part of Sprott Asset Management, also predicted, “… gold and silver prices will trade higher in the six to twelve month time frame.”
But first, here is what Rule had to say regarding QE and the inflation/deflation debate: “A few things are on my mind right now, Eric. Recent statements by both Draghi and Bernanke, suggest to me the inevitable fact, and near-term inevitable fact, that both the European Central Bank and our own central bank officials, will be engaged in what they call some form of quantitative easing. This is what we would call counterfeiting.”
Rick Rule continues:
“Both of them have said they will do what it takes to restore the economy. They will not in fact do what it takes to restore the economy. What it takes to restore the economy is to have a purge. What they will do is continue to substitute liquidity for solvency. They will continue to bail out brain-dead banks.
They will continue to fund liquidity so that governments can print new money, to borrow from themselves….