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« Find Out What Doug Casey Is Buying Today | Main | Silver Wheaton Corp. Rating Reiterated by BMO Capital Markets (SLW) »
Tuesday
Oct202015

Rick Rule, Doug Casey: “Severe But Survivable” Reckoning Ahead For The U.S.

I had the chance to sit down recently with Rick Rule, Chairman of Sprott US Holdings, and Doug Casey, Chairman of Casey Research. It was a fascinating interview.

Speaking to their long-time business friendship, Rick explained that, “[Doug and I] have spoken at conferences together all over the world…We’ve seen lots of preposterous companies. We’ve lost some money together and we’ve made a lot of money together. It has been a great ride for three decades.”

When asked about the habits that create wealth, Rick added that, “[To generate wealth], as Doug says—you [first] have to save. You have to create more wealth for other people than you consume.”

Conversely, the opposite is true when a person or a society consumes more than they create. Wealth and savings are destroyed.

In the case of the United States, currently the largest debtor nation in the world[i], Doug noted that, “I don’t know exactly when the ultimate crisis is going to occur but I think it’s on the way…It’s going to be interesting to watch.”

That crisis may carry, “The punching power of George Foreman,” Rick added. 

Here are Rick and Doug’s full interview comments:

Tekoa Da Silva: Rick, Doug—we got together over the summer at the Sprott-Stansberry Natural Resource Conference in Vancouver. What were your thoughts coming out of that conference, in terms of what you were seeing and hearing from investors and companies alike?

 

Doug Casey: Well, I thought it was excellent to have a resource conference close to the bottom of the market. Usually conference organizers just have them close to the top of the market when everybody is interested in resources.

 

 

 

read more.....

 

Silver looks to have peaked for now, still below $16.00/oz and not looking good.

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Reader Comments (2)

Why do you treat this guy like he is the only one that knows anything?? from DEL

October 21, 2015 | Registered CommenterSilver Prices

Hi Del,

We try and bring a few opinions that differ from our own in an attempt to get some semblance of balance into the debate.

We are not saying that we agree with any of them as we have our own opinions and as you know we have been in the bear camp for some years now.

If you have any suggestions let me and I'll post their articles if you think it will help broaden the 'offerings'

cheers, Bob K

October 21, 2015 | Registered CommenterSilver Prices

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