The David Lin Report

Massive Dump In Gold, Silver: Why Rick Rule Is Selling Now

Feb 2, 2026
Rick Rule, entrepreneur and resource investor who founded Rule Investment Media and BattleBank, explains why he sold most physical silver near $75–$80 and treats gold as a lifetime savings asset. He discusses profit-taking during parabolic rallies. He stresses oil and gas as his highest-conviction multi-year pick due to chronic underinvestment. He also covers banking, credit risks, and mining valuation approaches.
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INSIGHT

Gold As A Lifetime Savings Asset

  • Rick Rule treats gold as a lifetime savings asset and expects his estate to manage any sale decisions.
  • He saves principally in gold because he fears long-term deterioration of fiat purchasing power.
INSIGHT

Banking, Currency Hedge, And Tokenized Gold

  • Battle Bank has a natural currency hedge by borrowing and lending in U.S. dollars, focusing on spreads and loan performance.
  • Rick wants tokenized gold deposits so banks could ultimately accept and lend in gold.
INSIGHT

Copper: Revenge Of The Old Economy

  • The 'old economy' metals like copper are rallying because decades of underinvestment left supply short of energy-transition demand.
  • This creates structural upside for base metals as production investment catches up.
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