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

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.”