November 06, 2012

Eric Sprott: A Huge Tailwind for Gold

"I never would've imagined when I got involved in gold that I would have the benefit of kind of irresponsible money printing, bank runs that are ongoing as we witnessed in the various countries in Europe, and those two ingredients along with the QE3 which has been announced I think will be a huge tailwind for gold and other precious metals to go higher." - Eric Sprott via a recent CNBC 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.