Apr 28, 2026
Gold at $5,000. Dollar purchasing power eroding. A $159 trillion debt obligation staring down $167 trillion in private wealth. This episode is for any investment professional who wants to understand where the macro tide is turning — and why your clients need to hear it.
This episode features Rick Rule, one of the most respected names in natural resource investing and a 50-year veteran of global commodity markets. Host Matthew Andrade guides Rick through a rare career retrospective from bouncer on Vancouver's Skid Row to financing legends like Adolph Lundin, building Silver Standard and Pan American Silver from the ground up, and partnering with Eric Sprott to create one of Canada's most influential resource investment platforms.
The conversation then shifts to the macro forces shaping today's markets: the structural destruction of dollar purchasing power, the arithmetic of US debt that "don't math," and why Rick believes gold, silver, and hard assets will be essential to any resilient portfolio over the next decade.
Listen For
00:35 How did a bouncer on Vancouver's Skid Row become one of Canada's top resource financiers?
11:53 What does the collapse of the '80s commodity boom teach investors about leverage and hubris?
17:50 How did Rick Rule build a 20-year winning streak by buying what no one else would touch?
30:49 Where are we in the gold and silver cycle right now, and is gold ahead of itself?
32:58 Why does Rick Rule believe the US dollar faces a 75% decline in real purchasing power?
The 2026 Rule Symposium
The views expressed by the speaker(s) do not necessarily reflect the views or policies of CFA Society Calgary, its Board of Directors, its members, Richmond Equity, or Aviso. CFA Society Calgary, Richmond Equity, and Aviso do not guarantee the source, originality, accuracy, completeness or reliability of any statement, information, data, finding, interpretation, advice, opinion, or view presented, nor does it make any representation concerning the same.