The Julia La Roche Show #330 Rick Rule: I Sold 80% of My Silver — Here's Why and Where I'm Putting It Now
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Jan 20, 2026 
Rick Rule, a renowned natural resource investor and co-founder of Battle Bank, shares his insights into the frail state of the global economy. He explains his decision to sell 80% of his physical silver, redirecting funds into silver mining equities. Rick discusses America's staggering liabilities, potential inflation-induced defaults, and the expected impact of AI on jobs. He also critiques the Federal Reserve's influence and outlines the necessity of innovation to tackle fiscal challenges.
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Gold Is Defensive But Highly Volatile
- Gold tends to preserve nominal purchasing power when fiat currencies lose value and will be volatile with large drawdowns in bull cycles.
- Expect recurring 30–50% pullbacks even inside a multi-year uptrend.
Why He Sold 80% Of His Silver
- Rick Rule recounts selling 80% of his physical silver after its move from about $20 to roughly $75.
- He redeployed half into silver equities and some into gold for stability at age 73.
Set Explicit Sell Triggers Quarterly
- Make selling rules explicit by stating what will cause you to sell on both upside and downside.
- Reassess portfolio composition every quarter to lock in purchasing power from gains.