Sprott CEO Rick Rule says the easy money in uranium has been made and the next big contrarian play is gold

share

Rick Rule, well-known mining investor and president & CEO of Sprott US Holdings, began his career in the securities business in 1974 and has been principally involved in natural resource stock investments ever since.

He has financed numerous exploration and mining companies over his 45-year career.

Last week, Rule spoke to Stockhead’s Oriel Morrison about his investment strategies as a contrarian investor, why the easy money in uranium has been made, and why gold is the next big contrarian play.Here are the highlights. Scroll to the bottom to watch the full interview. What is contrarian investing? “To quote Buffet – ‘Be fearful when others are greedy, and greedy when other are fearful’,” Rule says.“Most people prefer to buy commodities when they are already popular.“Contrarian investing is looking for out-of-favour opportunities or better yet, opportunities in sectors that are hated.“Natural resources provides such a wonderful opportunity to do that because […]

Click here to view original web page at stockhead.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.