Rick Rule & Jeff Phillips: Fiat Currency, Gold and Purchasing Power

Another Look with Tiffany Georgopoulos examines a basic question investors often overlook: not just what an asset is worth, but what it is worth compared with.Using insights from resource investors Rick Rule and Jeff Phillips, Tiffany breaks down the difference between fiat currency and hard assets, and why purchasing power may matter more than nominal price over long periods. Rick explains why he treats gold as wealth and liquidity while viewing silver as a more speculative position. Jeff focuses on the practical side: hard assets can still fall during a liquidity crisis, and investors can get into trouble when they are…