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.
April 05, 2012
Eric Sprott doesn’t believe the recovery is sustainable and real
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.
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 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.
March 29, 2012
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 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.
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.
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.
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