In it to Win it 147 - Rick Rule - Uranium, Gold, Copper, Platinum and Portfolio Review
Rick Rule is back on the show! We learn where he is putting his money, and his Top 3 Rules for Success. Our questions are answered, and we take a deep dive into uranium. We talk about Russian sanctions, and the effect that could have on Uranium Energy Corp. We also learn that the SPUT is more discounted than we thought:
Currently it is a 11.75% discount. If Spot market is $56.50, Ricks says term market is $60. 70% of the sales are done on the term market now. That's an additional 5.8% discount for 70% of the bet. 5.8(.70) = 4.1%. So, 11.75 + 4.1 = 15.85% Uranium in the Sprott Physical Uranium Trust are at a 15.85% discount to true market value. In a commodity that is overwhelmingly likely to increase in price. This is a screaming deal!
We go on to talk about gold in a liquidity crisis. Rick outlines the Platinum Market, and the reasons he is betting on platinum. We rap it up in the Lightning Round, where Rick does a portfolio review.
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DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own diligence. Every investment and bet comes with the risk that your capital could go to zero.
WHAT I DO: Spread out your investments. Don't put it all on one thing. For every bet that you make, you should devote one hour of study per month to that investment. Keep the number of bets to what you can feasibly study.
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