Rick Rule: The Dollar Will Lose 75% Of Its Purchasing Power Over The Next 10 Years

Which explains gold's continued price surge

The world economy has become a lot more uncertain in 2025.

The shift away from decades of globalization towards nationalism and regional trading blocks has accelerated with the protectionist policies the new Trump administration is now pursuing.

Gold has reacted to this uncertainty by soaring to new highs, and demand for other commodities is also in high flux right now.

Where is all this headed?

And are there opportunities the discerning investor can take advantage of amidst all this change?

For answers, we're fortunate to be joined by Rick Rule, one of the world's greatest living natural resource investors.

One of the biggest sureties of Rick’s is that the purchasing power of fiat currencies will continue to decline (he expects the dollar to lose 75% in the coming decade), and that gold will continue to rise in price to reflect this.

Speaking of gold, Rick is running an online Gold Bootcamp this Saturday. If you’re interested in attending that, click the button below:

For the full interview with Rick, click here or on the video below:

---

GOT GOLD?: Read our free Guide To Buying and Storing Gold & Silver:

---

I’m so grateful to everyone who has kindly supported me by becoming a premium subscriber to this Substack. It’s making an important difference in helping me fund the substantial operating costs of running Thoughtful Money.

Premium supporters receive my “Adam’s Notes” summaries to the interviews I do, the wildly-popular MacroPass™ rotation of reports from esteemed experts, VIP discounts, plus periodic advance-viewing/exclusive content. My Adam’s Notes for this discussion with Rick are available to them below.

If you, too, would like to become a premium subscriber to this Substack (it’s only $0.52/day), then sign up now below:

---

Adam’s Notes: Rick Rule (recorded 5.6.25)

EXECUTIVE SUMMARY:

• Global Shift to Nationalism Impacts Resources: The 2025 move from globalization to nationalism, currently driven in the US by Trump’s protectionist policies, reduces short-term commodity prices (e.g., oil, copper) but increases demand for non-Chinese assets, boosting valuations.

• Gold’s Surge Reflects Dollar Decline: Gold’s rise to $3,400/oz in 2025, from $250 in 2000, is driven by fears of 7.5-8% annual purchasing power loss, with Rick predicting a 75% dollar value drop by 2035, potentially quadrupling gold prices.

• Miners and Silver Poised for Gains: High-quality gold miners (up 50%) could rise 250-300% in a bull market, with silver (lagging at 100:1 gold ratio) expected to