{"id":14674,"date":"2015-11-23T06:50:47","date_gmt":"2015-11-23T11:50:47","guid":{"rendered":"http:\/\/olduvai.ca\/?p=14674"},"modified":"2015-11-23T06:50:47","modified_gmt":"2015-11-23T11:50:47","slug":"sprott-unleashed-everything-is-a-lie-theyve-got-to-pretend-there-is-an-economic-recovery-happening","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=14674","title":{"rendered":"Sprott Unleashed: \u201cEverything is a Lie\u2026 They\u2019ve Got To Pretend There Is An Economic Recovery Happening\u201d"},"content":{"rendered":"

Sprott Unleashed: \u201cEverything is a Lie\u2026 They\u2019ve Got To Pretend There Is An Economic Recovery Happening\u201d<\/a><\/h3>\n

If the government\u2019s 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\u00a0has\u00a0been in a decade.<\/p>\n

But if you have yet to realize it, it\u2019s all a lie. So says billionaire investor Eric Sprott of\u00a0Sprott Global<\/a>, which manages hundreds of millions of dollars in\u00a0contrarian investment funds for clients all over the world. Well known for his long-term bullishness on the resource sector, specifically precious metals, Sprott joined\u00a0First Mining Finance<\/a>chairman Keith Neumeyer\u00a0in 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.<\/p>\n

Neumeyer recently sent a\u00a0very public letter\u00a0to the Commodity Futures Trading Commission\u00a0highlighting\u00a0rampant price suppression<\/a>,\u00a0noting that neither real producers or real consumers are being represented by the manipulative practices of a small concentration of players. Echoing those concerns Sprott\u00a0suggests that for every 5 tons of real gold there are some 1500 tons\u00a0worth of claims. The inevitable outcome should claimants ever want to take delivery of physical inventory\u00a0will be an unprecedented explosion in price:<\/p>\n

To be brutally honest, I mean, that\u2019s what I dream of\u2026\u00a0I think we\u2019re 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\u2019ll take those 5 tons from the COMEX because we have lots of people buying silver and gold.<\/strong><\/p><\/blockquote>\n