'If you are going to take big risks, it has to be for big rewards' - Rick Rule on resource investing

Rick Rule said resource investing is easier and more impactful compared to alternatives. Rule, founder and president of Rule Investment Media, spoke to Kitco at the Rule Symposium Natural Resource Investing 2023 in mid-July. He weighed in on precious metal investing versus metals that are getting a lift due to energy transition. "For me personally, the natural resource theme is of more importance than the technology theme," said Rule. "The very simplicity of natural resources is an attraction. If you find a commodity that's necessary for the future of humankind—where the price is too low to sustain current production—either the price goes up or that commodity becomes unavailable." Rule warned that resource investing takes patience. "Robert Friedland says from conception to production it takes 30 years to make a mine. If your orientation is three months, you are never going to win. It takes persistence and tenacity." Rule said you also need to swing for the fences. "If you're going to take big risks, which you do in exploration, you have to have a big target," said Rule. "If you're taking big risks, it has to be for big rewards." 0:00 - Mining legends panel 3:40 - Rick Rule on Robert Friedland 5:00 - Rick Rule on why you should hold gold 6:55 - Copper and energy transition Kitco Mining's coverage of the Rule Symposium Natural Resource Investing 2023 was sponsored by G Mining Ventures. __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us Twitter -   / kitcomining   Instagram -   / kitcomining   LinkedIn -   / kitco-mining   Facebook -   / kitcomining   Connect with the Kitco Mining anchors Michael McCrae -   / michaelmccrae   Paul Harris -   / paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.