April 05, 2012
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, founder and CEO of Sprott Asset Management expects more CB printing as well as higher prices of the currencies “gold and silver”. Even in case there is manipulation in their prices, it probably aims at hiding the wonderful investment characteristics of gold and silver from the public. That is positive for investors who own it for the long run. This also gives opportunity to investors to purchase the metals at cheaper nominal prices now. Even though volatility is hard experience, it doesn’t change the ultimate underlying fundamentals and trends of these precious metals, therefore Sprott advocates of purchases.