Rick Rule, veteran natural-resource investor, founder of Rule Investment Media, and former President and CEO of Sprott U.S. Holdings, joins me for a wide-ranging Rule Classroom Plus question-and-answer session.
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Recording Date 8-6-2026. In this episode, Rick explains why creating more U.S. dollars without additional backing reduces the purchasing power of existing currency and discusses the intervention that strengthened the Japanese yen. We also examine gold's rise, my efforts to move cash into physical bullion, and why U.S. financial institutions report cash transactions above $10,000. Rick shares his own experiences with suspicious activity reports and explains why buying and holding physical gold outside the United States is legal despite increased banking scrutiny.
Rick evaluates companies and trends across lithium, copper, uranium, gold, silver, natural gas, royalties, and oilfield services. He warns that lithium is oversupplied and says direct lithium extraction backed by Exxon, Chevron, Occidental, and Berkshire Hathaway could threaten hard-rock producers. Rick remains bullish on copper despite stronger prices than he expected and discusses Marimaca, Founders Metals, Origin Royalties, Agnico Eagle, Equinox Gold, Cameco, Vizsla Silver, Hecla, B2Gold, Cheniere Energy, Texas Pacific Land, and Transocean. He explains why he buys uranium equities on weak days, favors technically strong management teams, values major-miner support for juniors, and concentrates on deposits capable of becoming world-class assets.
Key Insights In This Episode
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Currency creation weakens existing purchasing power.
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Lithium oversupply demands extreme caution.
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Copper prices exceeded Rick's expectations.
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Rick buys uranium stocks during selloffs.
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Major shareholders strengthen junior explorers.
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Tier-one assets remain Rick's priority.
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Chapters
00:00 Rick Rule's Opening Market Thoughts
00:24 Gold Prices And Dollar Creation
01:37 U.S. Support For The Japanese Yen
02:31 Gold Bullion And Banking Restrictions
03:12 Suspicious Activity Reports Explained
06:10 Bunker Hill And Silver One
06:39 Lithium Oversupply And Standard Lithium
09:15 Marimaca Copper And Stronger Copper Prices
10:26 Founders Metals And Strategic Mining Shareholders
12:35 Tourmaline Birchcliff And Canadian Natural Gas
13:54 Origin Royalties And Partner Funded Exploration
15:52 Agnico Eagle Selling Junior Mining Investments
18:09 Major Miners Investing In Developers
19:35 Equinox Gold And Ross Beaty's Influence
21:04 Cameco And The Westinghouse IPO
22:18 Uranium Equities And Buying Market Weakness
23:19 Osisko Gold And Narrow Vein Mining Risk
25:00 Eloro Resources
25:20 Vizsla Silver Security And Development Timeline
27:01 Hecla Mining And Silver Price Leverage
28:05 B2Gold Valuation And Management Transition
30:36 Cheniere Energy Texas Pacific Land And Viper Energy
32:21 Noble Corporation And Transocean
33:38 Arizona Metals
33:40 Antimony And Critical One Energy
34:58 Alamos Gold Rating Update
DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience, and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own due diligence. Every investment and bet comes with the risk that your capital could go to zero.
WHAT I DO: I spread out my investments. It's not all on one thing. For every bet that I make, I devote one hour of study per month to that investment. I keep the number of bets to what I can feasibly study.
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