"Gold will resume an increasingly important role in global trade," but I don't believe any country will have a gold standard as their currency, says founder and CEO of Rule Investment Media, Rick Rule. "A gold standard is always a limit to a political system's power," as seen with the limitation Vladimir Putin has had affecting fiscal policy with the precious metal, Rule tells our Daniela Cambone. Negative real interest rates are a government construct that, "penalize savers and investors on behalf of spenders," and underscore a lack of understanding of basic fairness in economics, he continues. "Negative real interest rates, quantitative easing, debt, and deficits," are much stronger underlying causes of inflation than other considered factors, Rule states. Right now, "Russian stocks are stupidly cheap," and are some of the largest commodity producers in the world, he concludes.
