Soar Financially

“Rick Rule: Gold & Silver ‘Turkeys Are Flying’”

Jan 28, 2026
Rick Rule, seasoned natural-resources investor and founder of Battle Bank, shares a blunt take from VRIC 2026. He explains why he sold most of his silver and prefers high-quality silver stocks. He warns about parabolic rallies, dilution crushing weak miners, and what $5,000 gold implies for fiat currencies and the decade ahead.
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INSIGHT

Commodity Prices Multiply Producer Margins

  • Producer margins expand exponentially with higher commodity prices, not linearly.
  • A rise from $3,000 to $5,000 gold can increase margins by ~300%, not 40%.
ADVICE

Model Three Price Scenarios For Valuation

  • Use spot and the forward strip as your base case when modeling commodity prices.
  • Stress test with a 25% discount and upside with a 25% premium to measure leverage.
ANECDOTE

Selling Silver Into Strength

  • Rick sold 80% of his physical silver after substantial gains and kept 20% as exposure.
  • He reallocated 50% of proceeds into high-quality silver stocks for greater speculative leverage.
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