Precious metal expert Rick Rule is not worried about the recent smack down in gold and silver prices.  Rule is motivated by wealth protection.  So, the price decline is a “non-event.”  

Rule asks, “What are the alternatives?  Perhaps you’d like to buy a 30-year U.S. Treasury, something Jim Grant famously described as a return-free risk.”  Rule thinks the financial world is far from healthy and says, “I have extreme nervousness in regards to a collapse. . . . The only way we could avoid collapse is if we inflate away the net present value of our obligations.  In both sets of circumstances, I am personally more comfortable owning precious metals than not.” 

Cyprus is a stunning example of why people should store some wealth in precious metals.  Rule contends, “If you were a Cypriot citizen and you had stored your wealth in gold and silver as opposed to having your money on deposit in a Cypriot bank, the Cypriot banking crisis, for you, would be interesting but not relevant.”  

If there is war in Korea, Rule predicts, “If a nuke goes off on the Korean Peninsula, the first move in precious metals would be down. . . . The second move would be higher.  I also believe precious metals would hold their value over time UNLIKE most other asset classes.” 

Join Greg Hunter as he goes One-on-One with Rick Rule.

APRIL 15, 2013 BY  – Silver Doctors 

About Mission Mining

US Gold and Silver Mining - Our Nevada & California mining properties are anticipated to hold extremely large precious metals resources. The Company has posted over $400 Million in Assets in its OTC Filings. Come join us!
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