Markdown Rick Rule, a 49-year veteran of natural resource investing, discusses the dynamics of natural resources, precious metals, and portfolio strategy amid global economic changes.
• Sector Overview – Natural resource investing includes agriculture, energy, forestry, oil, gas, mining, and water; extractive industries are inherently capital intensive and cyclical, with long lead times for permitting and production (e.g., copper, oil, uranium).
• Supply & Demand Trends – Underinvestment over the past 40 years has created potential supply shortages in industrial commodities and precious metals; emerging global demand from China, India, Indonesia, and Bolivia is increasing pressure on supply chains.
• Investment Timing & Strategy – Resource markets are highly leveraged; price signals are often counterintui
