Rick Rule (Rule Investment Media) Letters & Research Archive

Rick Rule is a veteran natural-resource investor who began in 1974, built Global Resource Investments (sold to Sprott in 2011), and led Sprott U.S. Holdings until retiring in 2021 to found Rule Investment Media. His free Substack covers contrarian speculation in mining, energy and critical minerals — gold, silver, copper, nickel, royalty and streaming companies — framed by geopolitical risk.

7 pieces · 2026–2026 · updated every Monday

2026

07-21Paul's Notes #10 — The Poison or the Remedy?Gold miners dig up gold—the antidote to inflation—but then sell it for cash, which loses value every year. Rick Rule argues they should hold gold instead. He shows that if Barrick Gold had kept its ca…→07-15Rule Symposium highlights 2026 — Rule Investment Newsletter #17Gold and silver have dropped sharply, but experts at a recent investment conference say this is a healthy pullback in a long-term bull market, not the end. They recommend buying the dip, especially di…→06-30Paul's Notes #9 — Political Risk Update: New Wolves, New Sheep?This analysis examines how Latin America's political shifts in 2026 affect mining investments. While elections in Peru and Colombia tilted right, the razor-thin margins (e.g., 0.25% in Peru) mean near…→06-16Paul's Notes #8 — Rule Symposium Livestream added valueThis article explains that a major investment conference's livestream offers more than just recorded talks. The host conducts exclusive one-on-one interviews during coffee and lunch breaks, digging de…→06-09Nickel For Your Thoughts? — Rule Investment Newsletter #16This is about nickel, a metal used in stainless steel and electric vehicle batteries. Indonesia, the world's biggest nickel producer, is now cutting production and raising costs, which could flip the…→05-27Paul's Notes #7 — 1Q26 results to fuel goldco M&A?Gold prices are high, and miners are making record profits. But production isn't growing, so big companies like Newmont and Barrick are using their cash to buy smaller firms. The report shows these gi…→05-20Paul's Notes #6 — IPOsThis article covers IPO opportunities in natural resources, spotlighting two examples: Lumina Metals, a Polish copper-silver project with a 70% tax rate but still strong returns; and upcoming North Am…→