Rick Rule Says Gold’s Decline “Normal and Natural”

- August 2nd, 2013

Sprott US Holdings Chair Rick Rule is “agnostic” on whether the gold price will rise or fall, but warns bullion investors that getting out out of the market now could mean a lost opportunity for a further price increase.

At the recent World Resource Investment Conference in Vancouver, INN Senior Editor Andrew Topf asked Sprott US Holdings Chair Rick Rule whether he is encouraging people to buy or sell gold currently. Rule said he is “agnostic” on whether the gold price will rise or fall, but warned bullion investors that getting out out of the market now could mean a lost opportunity for a further price increase. On developmental gold juniors, Rule said the fact that they are the cheapest since 1994 means investors should be looking for entry points.

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