The perennial star of the Agora Financial Forum held each year in Vancouver (click here), veteran stock broker Rick Rule came out strongly in defense of silver as a top pick for 2011 in an interview on King World News.
Asked whether silver shortages would continue he said: ‘I suspect it’s true. One of the things that happens at least in the near-term, shortages and the price rises that they cause ironically exacerbate shortages. Meaning that more people are attracted to speculations in silver as the price goes up. The price of course has gone up because of that attraction.
ETF buying