Investing News Network, Released on 12/21/21 (Recorded on 12/13/21)
Veteran investor and speculator Rick Rule is known for his contrarian approach to the resource space, and with the new year approaching he shared his thoughts on gold and silver’s performance this year and where they may go in 2022.
While he sees a bright future for both, Rule said that in precious metals bull markets gold tends to move in the first half, while silver takes off in the second half. Right now, he sees particular potential for the white metal, noting that it’s where uranium was not long ago.
“What I want to say to speculators is yes, theres more room to go in uranium, but the market’s affinity for silver now is where the market’s affinity was for uranium two and a half years ago,” said Rule, who is now at the helm of Rule Investment Media.
*This interview was recorded on Dec. 13, 2021
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries. He is also the founder of Rule Investment Media.