Precious metal expert Rick Rule is not worried about the recent smack down in gold and silver prices. Rule is motivated by wealth protection. So, the price decline is a "nonevent." Rule asks, "What are the alternatives? Perhaps you'd like to buy a 30-year U.S. Treasury, something Jim Grant famously described as a return-free risk." Rule thinks the financial world is far from healthy and says, "I have extreme nervousness in regards to a collapse. . . . The only way we could avoid collapse is if we inflate away the net present value of our obligations. In both sets of circumstances, I am personally more comfortable owning precious metals than not." Cyprus is a stunning example of why people should store some wealth in precious metals. Rule contends, "If you were a Cypriot citizen and you had stored your wealth in gold and silver as opposed to having your money on deposit in a Cypriot bank, the Cypriot banking crisis, for you, would be interesting but not relevant." If there is war in Korea, Rule predicts, "If a nuke goes off on the Korean Peninsula, the first move in precious metals would be down. . . . The second move would be higher. I also believe precious metals would hold their value over time UNLIKE most other asset classes." Join Greg Hunter as he goes One-on-One with Rick Rule, Chairman and founder of Sprott USA.