New Highs Coming for Gold

Even though some people including Chariman Ben Bernanke are bashing gold saying that it is old, not money and is a worthless standard that should not be considered, Eric Sprott of Sprott Asset Management doesn’t agree. He states that those investors who have studied history and what is going on the world economy, these who understand what money printing of out thin air means are aware of the merits of gold.



Eric believes that the merits of gold are getting better day by day but the mainstream is trying to downplay it. The majority of forecasters still do not believe in gold to be an appropriate investment. Still Mr. Sprott knows that these who owned gold and silver for the last 12 years know they are right. He points out that even though gold and silver are hugely manipulated and the price prices of gold and silver are negatively affected, before the yearend both precious metals will reach new highs. Right after gold and silver reach new highs, the mining stocks which have been lagging the prices of precious metals lately will also follow and will rise significantly. Only when the precious metals start rising and continue their uptrend with no vacillation, precious metal stocks will follow.

Eric Sprott is a Canadian hedge fund manager and founder of Sprott Asset Management. He became a billionaire on paper with the initial public offering of Sprott Inc., the parent of his Sprott Asset Management firm.

Eric Sprott says Silver will go to it's all time high this year

Eric Sprott the founder of Sprott Asset Management believes that silver is due for an upside move this year. He states that silver will reach it's all time high this year and the catalyst is the bad health of the world economy. He recommends that investors hold precious metals in 2012. Silver is up about 20% this year and according to Mr Sprott will continue rising.

Eric Sprott is a Canadian hedge fund manager and founder of Sprott Asset Management. He became a billionaire on paper with the initial public offering of Sprott Inc., the parent of his Sprott Asset Management firm.

Financial Sense Newshour Interviews Eric Sprott & David Morgan

Eric Sprott is a Canadian hedge fund manager and founder of Sprott Asset Management. He became a billionaire on paper with the initial public offering of Sprott Inc., the parent of his Sprott Asset Management firm.

Eric Sprott Silver

What is happening to gold and silver is stunning. When he is looking at the silver market, in 30 minutes time span we had sellers of 225 million equivalent paper oz of silver, in a market that in one year silver miners can only produce 800 million ozs. So again, it’s paper markets that overwhelm the physical market. It’s stunning to me that on day like Feb 29, the world traded 500 million ozs of silver.
No rational person could believe it had anthing to do with the real market of silver…
Eric Sprott via a recent King World News Interview

Eric Sprott is a Canadian hedge fund manager and founder of Sprott Asset Management. He became a billionaire on paper with the initial public offering of Sprott Inc., the parent of his Sprott Asset Management firm.