Rick Rule views the market as a facility for buying undervalued assets, not a source of information. He is bullish on gold and gold miners long-term due to fiscal deficits, inflation, and central bank buying. He sees oil as attractive due to chronic underinvestment. He is cautious on broad equity valuations and expects a reversion to mean for gold allocation. He is skeptical of a return to a gold standard.
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Rule Investment Media
4.0
Financial Media
Rick Rule 8.0
Financial Media
Rick Rule 8.0
Gold; Energy; Resources
6/15/2026 4:56:08 AM
dxy
Rick Rule is skeptical about the purchasing power of the US dollar, citing false CPI and the need for monetization of debt. This implies a weakening dollar over the medium term, though higher nominal rates provide temporary support.
metals
I believe that we will over the next 10 years experience at least a reversion to mean [for gold allocation]. The easiest beneficiary of [debt/deficit monetization] to access in your accounts is gold and gold stocks.
| 8/7/2025 2:00:42 PM | medium term up | 20 days later | +1.01% | +1.01% |
ndx
Rick Rule is skeptical of high-growth, hype-driven stocks like SpaceX and notes that the S&P in gold terms has performed poorly since 2000. He prefers value-oriented investing and expects a reversion to mean for gold, implying a relative underperformance for richly valued tech.
rut
Rick Rule does not directly discuss the Russell 2000. His focus is on large-cap value and commodities. Small caps may benefit from a weaker dollar and commodity strength but face headwinds from recession fears and credit quality cracks.
wti
The global oil industry is underinvesting in sustaining capital by more than a billion dollars a day... that would lead to higher prices by 2029, 2030.
yields
Rick Rule states that long-term rates are high despite political jawboning, indicating skepticism about inflation and dollar purchasing power. He expects the funding mechanism for deficits to be artificially low rates and QE, which implies upward pressure on long-term yields due to inflation expectations.
