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Pittsburg, Kansas | The problem with that is Rick Rule probably knows what he is doing. I would mostly be guessing when it comes to miners. I do have some IDR that I have held for fifteen years (under an old pink sheet symbol). And a couple other penny sheet stocks. Sold most of the losses for tax purposes before the first of year.
If I was younger I might consider putting 10% in speculative stocks. That is what I used to do and where IDR came from. I've sold way more than cost coverage and the rest will be my pie in the sky holding. Along with a couple other penny stocks of same age.
But at 71 CD's at 3.5-4% don't sound all that bad. Won't keep up with inflation but maybe at least half.
I no longer need to grow it. Just need to keep what I got.
I've only sold about a third of my silver. With GTC open orders up to about double where it is now. If we get there will have maybe a third to half left of gold and silver and that will be my permanent holding spot, whatever price in USD does.
Some would call the recent run up a life changing event. I think Rick Rule said that. But I don't see it changing our lifestyle at all. We already do everything we want to do. Time, energy and potential health are our limiting factors now at our age.
Rick Rule is a great one to listen to. Listened to him in person three years in a row at the Silver Summit conference in Kellogg Idaho about 15 years ago. He is a salesman! No doubt about that and a person needs to weigh that fact. But he is a really smart guy too.
That first link was a great one. Aligns with my way of thinking about the economy. From my perspective he is spot on in his economic analysis. Have not gotten to the second yet.
Edited by John Burns 1/20/2026 15:50
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Contrarin or victim
