President of US Sprott Holdings Rick Rule says the presidential election is irrelevant when it comes to the gold market. Regardless of who wins the White House, the debt will continue to increase. In June alone, the deficit was $864 billion. Rick says, "In the near term at least with regards to gold, politics is a side-show." However, Rick suspects Joe Biden win in November would be "perhaps disastrous" for the stock market in the near term.
Part 1 (part 2 below)
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries.