Rick Rule Says Gold Stocks Are The Cheapest He Has Seen In 40 Years

Rick Rule: "Gold stocks, the way I value them against their net present value, assuming that their production is sold at today's spot price, are as cheap as I've seen them in 40 years.”
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Recording Date 7-1-2026. In this episode, I ask Rick whether the recent pullbacks in gold, silver, and oil have finally created the buying opportunities investors have been waiting for. Rick explains why he isn't concerned by short-term volatility, arguing that gold remains a long-term structural buy and that today's gold mining stocks are trading at some of the cheapest valuations he has seen in nearly four decades.

We also discuss the divergence between gold and gold stocks, where Rick explains why he focuses entirely on intrinsic value instead of technical analysis. On silver, he walks through why he sold into the parabolic rally, reveals his original entry around $18, and explains why he now prefers undervalued silver mining companies over physical silver because they already discount lower metal prices.

We then shift to energy, where Rick shares one of his strongest long-term investment themes. He believes oil prices may remain weak through 2026 as geopolitical fears fade and demand softens, but warns that years of underinvestment in global oil production will eventually create significant supply shortages around 2029 or 2030.

Rick explains why he is already accumulating oil service leaders like Halliburton, Schlumberger, and Transocean, while preparing to buy even more if energy stocks decline further. We also preview this year's Rule Symposium, where Rick explains how attendees gain access to vetted resource companies, experienced industry operators, and a full year of educational content designed to help investors capitalize on the next commodity cycle.

Key Insights In This Episode
✅ Gold miners are trading at their cheapest valuations in nearly 40 years.
✅ Rick remains a long-term buyer of gold despite short-term price weakness.
✅ Silver miners offer better value today than physical silver.
✅ Global underinvestment could trigger an oil supply crunch by 2029.
✅ Energy stocks may present a rare long-term buying opportunity during this pullback.
✅ Successful investing comes from buying undervalued assets, not chasing market momentum.

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Chapters
00:00 Welcome To In It To Win It
00:29 Gold Pullback And Gold Stock Opportunity
02:55 Gold Stocks Diverging From Gold
04:22 Silver Pullback After The Parabolic Rally
05:56 Rick Rule’s Silver Entry Point
06:56 Silver Equities Versus Physical Silver
08:29 Rule Symposium Preview
15:45 Oil Market Selloff And Macro Outlook
21:37 XLE Pullback And Energy Stock Entry Points
23:07 Strait Of Hormuz Risk And Tanker Concerns
25:58 Oil Services Opportunity
26:54 Rick’s Oil Services Buying Strategy
28:10 Final Thoughts And Investor Resources
29:13 Premium Segment And Firecracker Sale

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 due diligence. Every investment and bet comes with the risk that your capital could go to zero.
WHAT I DO: I spread out my investments. It's not all on one thing. For every bet that I make, I devote one hour of study per month to that investment. I keep the number of bets to what I can feasibly study.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, the show may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. I recommend them because they are helpful and useful, not because I am looking for the small commission. Thank you for using the links.

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