Rick Rule: I Was Early on Uranium, Here's Where I'm Looking Next

Speaking to the Investing News Network at the Vancouver Resource Investment Conference (VRIC), Rick Rule, proprietor at Rule Investment Media, shared his thoughts on the gold and uranium markets.

Looking first at gold, he reminded market participants that currently only 0.5 percent of total US savings and investments are in assets related to precious metals — that's much lower than the four decade mean of 2 percent.

"I believe that we're going to have reversion to mean," he explained. "I'm not one of these guys who says that the US Treasury market's going to collapse, gold's going to win the war against the US dollar — ridiculous. Reversion to mean. If you have reversion to mean, you quadruple demand for precious metals and precious metals-related securities in a market that is by itself 22 percent of the world's savings and investment capital market. That's what's going to happen."

In terms of uranium, Rule reiterated that although momentum remains, the easy money has been made.

"I've now sold enough stock that I've recouped all my capital. I've sold enough to pay tax on the capital I've recouped. And I sold a little more just to reward myself for being smart and early," he commented.

When asked what commodity could be the next uranium, Rule said he isn't seeing anything quite so obvious. "But," he added, "there are things that investors dislike because they've disappointed them, and that's where I'm looking."

Areas he's eyeing include platinum and palladium, as well as laterite nickel. And Rule's favorite speculation — although not for right now — is silver. Finally, he said for investors (not speculators) the oil and gas business is a no-brainer.

Watch the interview above for more from Rule on gold, uranium and much more. You can also click here for the Investing News Network's full VRIC playlist on YouTube.

Don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.