Eric Sprott : “ Silver is the investment of this decade”
“I’ve always thought that silver would move quickly to $50, and it would move to $50 this year – I thought it would get to $50 before year end,” “If you ask me in the three to five year time frame, obviously I think it’s going to go north of $100 simply because we’ll get that 16:1 ratio.” Gold, is going a lot higher.
“Silver is the investment of this decade as gold was the investment of the last decade. So we’re sitting back waiting for things to evolve here,” - Eric Sprott
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Showing posts with label Eric Sprott. Show all posts
Showing posts with label Eric Sprott. Show all posts
Monday, April 25, 2011
Eric Sprott
Eric Sprott : Silver better than Gold on CNBC (4/15/2010) - "Silver is better than gold....."
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Tuesday, April 19, 2011
Silver Will Outperform Gold by 400% in 2011 ?
So far silver is outperforming gold by a large margin , Silver has been the best-performing precious metal in 2011 so far rising up 40 percent since January. The secret is Silver is not just a precious metal it is also an industrial metal , the best conductor of electricity amongst all metals , Industrial companies are buying silver by the tons , today about 40% of silver is used industrially - in solar batteries, water purification systems, computers ,cellphones, circuit boards, plasma TVs and also RFIDs radio frequency identification devices .By 2015, it's estimated that global industrial demand for silver ,mostly driven by China and India will increase by 36%, from 487 million ounces in 2010, to 666 million ounces. add this to the shortage in supply and you have an idea how high the silver prices will go . Eric Sprott is right in saying " Silver is The Investment of this decade " Eric Sprott runs one of the largest hedge funds in Canada his PSLV (silver) Sprott Physical Silver Trust since it was launched October 29th 2010 it has increased by over 75% in value , IPO at $10/Share now trading at $17/Share .Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade
Friday, April 8, 2011
Eric Sprott : Silver is The Investment of this decade
Silver is very difficult sourcing says Eric Sprott while explaining why backwardation is Bullish , the Chinese have become net importer of silver US Mint sells more silver bullion than it sells in gold bullion Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade
Thursday, April 7, 2011
Eric Sprott : Silver Bull run just started
Eric Sprott runs one of the largest hedge funds in Canada his PSLV (silver) Sprott Physical Silver Trust since it was launched October 29th 2010 it has increased by over 75% in value , IPO at $10/Share now trading at $17/Share .Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade
Wednesday, April 6, 2011
Eric Sprott on CNBC - silver to shine - 05 April 2011
Eric Sprott on CNBC - silver to shine after it hits US$39 per ounce
Eric Sprott runs one of the largest hedge funds in Canada his PSLV (silver) Sprott Physical Silver Trust since it was launched October 29th 2010 it has increased by over 75% in value , IPO at $10/Share now trading at $17/Share .Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade ....keep on stacking folks !
Eric Sprott runs one of the largest hedge funds in Canada his PSLV (silver) Sprott Physical Silver Trust since it was launched October 29th 2010 it has increased by over 75% in value , IPO at $10/Share now trading at $17/Share .Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade ....keep on stacking folks !
Tuesday, March 29, 2011
Eric Sprott : Silver $100 per oz,
Eric Sprott of Sprott asset management talked about silver, silver stocks, silver bullion shortage...in his recent interviews he called silver "The investment of the next decade" what the bankers have been doing with the gold (some dealers oversold 100 TIMES on paper) maybe happening with silver too it looks very likely they may get unstuck but as always its the people who be left with useless "Certificates" n the bankers declaring some kind of bankruptcy meaning either they'll be bailed out or declared the bank bankrupt while they be rolling in Billions they stolen from other people who tried to safeguard what little they had
Saturday, March 12, 2011
Eric Sprott - Silver going to $100 - March 1st 2011
Eric Sprott - Silver going to $100 - March 1st 2011 . Eric sprott speaking from the mining conference in Florida
Thursday, March 10, 2011
Thursday, March 3, 2011
Silver - The investment of the next decade : Eric Sprott
Eric Sprott of sprott asset management talks about silver, silver stocks, silver bullion shortage...
Silver is very difficult sourcing says Eric Sprott and explains backwardation
Silver is in backwardation and very difficult sourcing says Eric Sprott from Sprott mngmt assets .Silver is very difficult sourcing says Eric Sprott and explains backwardation ...Silver to Go to $100. That's based on Au being $1600. I a few years Au might be $2000 or more.I think $100 bucks silver is a conservative value i see it at £100 ;) this year which makes my new 911 turbo a reality
Wednesday, March 2, 2011
Thursday, February 24, 2011
Eric Sprott : There is No More Silver! The Government Lied...
Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."
Money or currency is something that can be exchanged for a good or service. You can do this with things like food and water, its just that some people prefer to do it with gold because of the properties that it has.
fungible
divisible
not based on debt
Doesn't go bad
Debt based currencies usually fail, thus gold is preferable to that. Gold is also preferable to water and food because it doesn't go bad and it you don't need large amounts to trade.
Money or currency is something that can be exchanged for a good or service. You can do this with things like food and water, its just that some people prefer to do it with gold because of the properties that it has.
fungible
divisible
not based on debt
Doesn't go bad
Debt based currencies usually fail, thus gold is preferable to that. Gold is also preferable to water and food because it doesn't go bad and it you don't need large amounts to trade.
Eric Sprott : No silver left
No silver left to go around says Eric Sprott and the numbers prove it
Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."
Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."
Sunday, February 13, 2011
Eric Sprott ultra Bullish on Silver
Eric Sprott on The Financial Sense News Hour 12 Feb 2011
Eric Sprott president of Sprott Inc and his daughter Larisa on silver and the family business; .Why Eric Sprott is bullish on silver, and fundamentals behind his enthusiasm; Larisa Sprott's role in the family business;
Eric Sprott on the silver bull market and silver shortage
Eric Sprott on The Financial Sense News Hour 12 Feb 2011
Eric Sprott on the silver bull market and silver shortageWhy is Eric Sprott Bullish on Silver
Eric Sprott on The Financial Sense News Hour 12 Feb 2011
Eric Sprott president of Sprott Inc and his daughter Larisa on silver and the family business; .Why Eric Sprott is bullish on silver, and fundamentals behind his enthusiasm; Larisa Sprott's role in the family business;
Saturday, January 29, 2011
Eric Sprott, SILVER $50 - GOLD $2,150 THIS SPRING!!!
A fascinating interview by King World News with Eric Sprott, Owner of PSLV, the ETF based on PHYSICAL SILVER -made the astonishing announcement Friday that Silver would go to $50.00 an ounce and Gold would go to $2,150 by this SPRING!!!
Sunday, January 23, 2011
The Silver Market with David Morgan and Eric Sprott
David Morgan talks with Eric Sprott about future Gold to Silver ratios....1-22-2011
Gold was the investment of the last decade Silver is the Investment of this decade says Eric Sprott ...BUY THE SILVER NOW!..David Morgan and Eric Sprott discuss the gold to silver ratio. and much much more ...Eric Sprott is very well informed. The 3 men he listed, Ted Butler, Dave Morgan and Jason Hommel are among the smartest guys in the room when it comes to silver. The only guys you could add to that list would be James Turk, Adrian Douglas and Mike Maloney.
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