Rick Rule: Still Very Bullish Precious Metals | Physical Silver Was a 1% Position

8 snips

Feb 11, 2026

Rick Rule, a veteran resource-sector investor known for contrarian natural-resource and precious-metals investing, discusses selling discipline after big metals gains. He explains why he trimmed physical silver and rotated into relative value. He outlines a macro case for real assets, warns about dollar debasement, and shares a bullish multi-year view on precious metals and selected energy equities.

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INSIGHT

Macro Forces Drive Precious Metals

Rick Rule links gold and silver gains to U.S. dollar purchasing-power deterioration and negative real rates.
He argues these macro forces can drive metals higher over the next decade, potentially tripling nominal gold.

ANECDOTE

Took Profits After A Stellar Year

Rick Rule says 2025 was one of his best years and he took profits, especially in physical silver.
He emphasizes he didn't diversify away from precious metals and remains very bullish for the next decade.

INSIGHT

Negative Real Rates Favor Gold

Negative real interest rates make nominal yields ineffective at preserving purchasing power.
Gold benefits when real rates are negative because currency purchasing power erodes faster than yields compensate.

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After a huge run in precious metals, Rick Rule argues the real edge now isn’t buying, it’s selling discipline.

In this conversation with Trey Reik, Rick explains why he sold 80% of his physical silver, without diversifying away from precious metals (revealing that that silver position was only about 1% of his total portfolio), and how intelligent and disciplined investors avoid round-tripping gains by rotating into relative value instead of chasing parabolic moves.

Rick also lays out his macro backdrop supportive of real assets: negative real rates, long-term currency debasement, and why the U.S. dollar could lose 75% of its purchasing power over the next decade, using the 1970s as historical context. He remains “very, very, very bullish precious metals.”

Rick also shares a contrarian view on oil and oil stocks, arguing that underinvestment and cost-of-capital math set up a favorable 3 to 5 year outlook for energy equities.

💡Rick Rule’s key theme is discipline. If you want a second set of eyes on your positioning and risk controls, get a free portfolio review with Wealthion’s endorsed financial advisors: https://bit.ly/4tuWU9f

💡Rick: “I save in gold.” Protect your wealth with real gold and silver through Hard Assets Alliance: https://www.hardassetsalliance.com/?aff=WTH

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