In this episode we chat to Rick Rule – President & CEO of Sprott US Holdings. Rick is a highly experienced investor and speculator in natural resources. It’s a return engagement for Rick, who appeared in last year’s Episode 32, and revisiting our conversation with him has demonstrated how much the mining world has changed in 9 months.

We talk about how the coronavirus has affected mining, resources companies and stocks over recent months, and how mining companies are reacting to the pandemic. We also cover the surge in gold and silver investment with governments around the world continuing to print enormous amounts of currency into existence. We ask Rick how he sees both metals playing out over the short/medium and long term. We also discuss what the mining industry landscape will look like after the threat of Covid-19 dissipates, and the strategies that mining companies will be looking to employ through the decade.

KEY TAKEAWAYS

• The coronavirus has affected mining in two ways. Operations have closed, but others have thrived. It has come at the end of a decade-long period of expansion, the close of which had to happen eventually.
• The lockdown does provide opportunities. There is ready cash available for investment, and a sudden wealth of projects to choose from. Certain materials, such as gold, are in high demand as quantitative easing spreads.
• Growth is returning, as it always has, but it will take bravery upon the part of investors, who must keep their nerve during intensely volatile times ahead.
• Precious metals are now an almost guaranteed safe investment sector, as the production and refinement of them will be the core foundation of much of the world’s economies.

BEST MOMENTS

’Ten years of expansion is very long’

‘Anyone who plays this game must have psychological stamina’

’The recovery, we suspect, will be dramatic’

‘Precious metals really are gonna be tough to screw up in the near future'

VALUABLE RESOURCES

Rick Rule LinkedIn - https://www.linkedin.com/in/rick-rule-1058921a/

Rick Rule Twitter - https://twitter.com/realrickrule

Rick has offered a free complimentary portfolio review to our listeners, and will also give two historical charts that will prove invaluable for any investor. You can take advantage of this offer by visitng:  sprottusa.com/rankings

ABOUT THE HOST

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight to peoples experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.

Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia and Australia. We source, headhunt and discover new and top talent talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients organisation in any mining discipline or level. Mining International provides a transparent, informative and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

rob@mining-international.org

https://www.linkedin.com/in/rob-tyson-3a26a68/

www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3