Rick RuleUnable to post the entire article so here''s the link. EMX is one of his recommendations. GLTA
https://www.adviceforinvestors.com/news/canadian-stocks/3-precious-metals-stocks-to-buy-2/
3 precious metals stocks to buy
Here are three royalty and streaming stocks. They enjoy lower expenses and less risk than their operating peers, while enjoying the upside of any successes.
Government responses to COVID-19 are paving the way to a long-term credit crisis, excellent news for precious metals investors, as long as they can stomach a very bumpy ride to profits, says Sprott US Holdings president and CEO Rick Rule.
“Under normal circumstances, I would suggest (gold) needs a rest” following a very strong performance since last summer, Mr. Rule elaborates, but looking at the risks to the economy ahead, “I think it’s more dangerous not owning it than it is owning it.”
Mr. Rule has enjoyed a long, storied career in commodity investing (including mining, energy, water utilities, forest products and agriculture). A US native currently living in Carlsbad, Calif., he has also maintained a home and office in Vancouver for the last 20 years. In addition to his titles at Sprott US Holdings, he is also a senior managing director at Sprott Inc.
Asked where he believes the economy is headed in the next one or two quarters, Mr. Rule prefaces his response by saying he tends to think in longer terms and adds, “I’m not an economist, I’m a credit analyst.”
Credit crisis will bode well for gold investors
In that vein, Mr. Rule outlines his belief that the previous decade of economic recovery, which he attributes more to government stimulus spending, quantitative easing, and suppressed interest rates than real-world economic growth, is in the process of unwinding. He says he had previously expected this to play out as a long, dragging recession of several years, but the massive spending in response to COVID-19 and its economic fallout could hasten the process. Mr. Rule expresses skepticism that governments and central banks can resolve the latest financial crisis.
“Quantitative easing, were it done by you and I, would be called counterfeiting,” says Mr. Rule, and is debasing Canadian and US governments’ balance sheets (as well as those farther afield). “It must necessarily reduce faith in government bonds.”