Gold industry veteran, Rick Rule says that gold remains in a bull market, despite recent price dips, thanks to negative real interest rates. He says the price plateau can be attributed to an increase in nominal interest rates in the USA. Noting that it is hard to believe the nominal increase will continue, Rule says, “I believe nominal interest rates will decline. I believe we will resume the upward march.” Fantastic gains will be made.
The investor says that weaker prices now make gold an extremely appealing prospect – echoing what other industry experts have coached about the importance of buying on the dip as the bull run continues to gather steam. With this in mind, now is an opportune moment to buy. Act quickly to add more gold to your precious metal position on the dip and reap the rewards when prices escalate later this year.