Tom welcomes back legendary investor, President, and CEO of Sprott U.S. Holdings. Rick discusses his spectacular partnership with Sprott and the career changes he has planned. Rick is giving up his managerial and administrative roles along with his regulatory functions at Sprott. His focus will be on what he enjoys, which includes educating and mentoring others. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca Rick thinks the strength in interest rates is negative for gold but factoring in inflation; we are still negative in real terms. Time is on your side with the interest rate market as bonds today bring return-free risk. Regular declines in a gold market are expected, and it is not unusual to see 20-25 percent drops. If you understand this, it is much easier to bear these events.