Rick Rule: Gold will Soar Over The Next 10 Years

Rick Rule says the setup for gold over the next decade remains constructive, with U.S. debt, rising bond yields and broader macro stress underpinning a longer-run bullish case for the metal. He also argues he would rather see gold pull back than chase it higher, implying near-term volatility would be healthier than a vertical move. He is notably negative on long-duration U.S. Treasuries, which reinforces the appeal of non-yielding hard assets in a high-debt, higher-rate environment. Rule also sees the current gold market as a backdrop for a wave of mergers and acquisitions across the resource sector, suggesting stronger balance-sheet discipline and corporate consolidation could become a key second-order theme for miners and developers. Beyond gold, he flags uranium and broader resource equities as areas of opportunity, linking the thesis to energy security concerns. For metals traders, the main takeaway is that the macro narrative remains supportive for gold on a multi-year basis, but the interview does not provide fresh price levels, flow data, or near-term catalyst timing beyond the general expectation of continued M&A and persistent macro support.