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“In the long run, owning gold and silver is going to be, by far, the smartest thing one could have done.”

April 14, 2018

“In the long run, owning gold and silver is going to be, by far, the smartest thing one could have done.”

 

It’s Friday the 13th, and after an almost perfect week, things are looking bumpy again. Eric stops by to calm our frazzled nerves on this, the unluckiest day.

In this chat you’ll hear:

  • Why you shouldn’t rely on fiat currencies
  • Eric’s thoughts on price suppression in the precious metals space
  • His top picks for mining companies to look into

“We are seeing people throughout the world buying more physical gold… The logic for that is getting stronger all the time. We have a stock market that’s getting very jittery here, we have a bond market that’s in a bear market, we have inflation rising, we have craziness going on in various currencies… How many people does it take watching their currencies being that volatile before you say, ‘Give me something little more secure?’”

To hear Eric’s full thoughts, listen here: https://soundcloud.com/sprottmoney/sprott-money-ne…

When the big ones start going, you better head for the hills.” – Eric Sprott on volatile markets (Weekly Wrap-up, April 06,2018)

April 7, 2018

When the big ones start going, you better head for the hills.” – Eric Sprott on volatile markets (Weekly Wrap-up, April 06,2018)

 

That’s another week in the books, and Eric Sprott returns once again to break it down for you. In this week’s wrap-up, you’ll hear his thoughts on:

  • What a weak US jobs report means for gold and silver
  • The “terrible vulnerability” of the stock market
  • Plus: Surging open interest in COMEX silver

“The big worry when I look at the stock market in general … I would be very concerned about some of the things that are happening on a macro scale. And one of them, of course, is what happened to cryptocurrencies … It’s a wipeout! People doing exactly the wrong thing with their money … And it just tells you about markets. Let’s go to the stock market … [Facebook, Google, Amazon…] They’re getting picked off one by one. When the big ones start going, you better head for the hills … I just think that this stock market is looking terribly vulnerable. I wouldn’t want to be in it. There are so many things that can go wrong here.”

To hear Eric’s full thoughts, listen here: https://soundcloud.com/sprottmoney/sprott-money-ne…

 

Sprott Unleashed: “Everything is a Lie… They’ve Got To Pretend There Is An Economic Recovery Happening”

November 23, 2015

Sprott Unleashed: “Everything is a Lie… They’ve Got To Pretend There Is An Economic Recovery Happening”

If the government’s official statistics are to be believed the U.S. economy is moving full steam ahead. Consumers are spending, the job market is expanding, real estate has recovered, stocks are soaring and the U.S. dollar is stronger than it has been in a decade.

But if you have yet to realize it, it’s all a lie. So says billionaire investor Eric Sprott of Sprott Global, which manages hundreds of millions of dollars in contrarian investment funds for clients all over the world. Well known for his long-term bullishness on the resource sector, specifically precious metals, Sprott joined First Mining Financechairman Keith Neumeyer in a must-see interview where the pair discuss everything from the state of the global economy and trade to gold market manipulation and the inevitable breakdown of highly leveraged paper trading exchanges.

Neumeyer recently sent a very public letter to the Commodity Futures Trading Commission highlighting rampant price suppression, noting that neither real producers or real consumers are being represented by the manipulative practices of a small concentration of players. Echoing those concerns Sprott suggests that for every 5 tons of real gold there are some 1500 tons worth of claims. The inevitable outcome should claimants ever want to take delivery of physical inventory will be an unprecedented explosion in price:

To be brutally honest, I mean, that’s what I dream of… I think we’re almost at that point where we might very well have a shortage of gold and silver by a product of this last raid here, so much so that we’ll take those 5 tons from the COMEX because we have lots of people buying silver and gold.


(Watch at Youtube)

…click on the above link to read the rest of the article…

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