March 27, 2012

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.