From Jason Stevenson for Port Phillip Insider (Australia) –
Rick Rule is extremely long-term bullish on gold.
In most investors portfolio’s, gold is more of an insurance policy than anything else. But that’s physical gold. Of course, that’s not the only type of ‘gold’ you can buy. In Rick’s view, gold stocks should generate shareholders significant wealth in the years ahead.
The whole narrative surrounding gold at US$1,900 per ounce — fiscal deficits, off-balance sheet liabilities, rising debt loads, slowing economies — remains today.
One fact, however, has changed: interest rates.
Back in 2011, who could have dreamed about negative interest rates?
Not me! Not most people. The idea would have seemed idiotic. Yet today, mainstream analysts and commentators talk about negative interest rates as if it’s an entirely normal state of affairs.
For that reason, Rick believes that negative interest rates are the catalyst for higher gold prices in the years ahead.