Eric Sprott : In the Silver Physical market all I see is BUYERS

Eric Sprott, Financial Sense NewsHour 19 Oct 2011 : In the Silver Physical market all I see is BUYERS ,

Eric Sprott of Sprott Asset Management joins Jim for a wide-ranging interview on precious metals. Eric sees the gold to silver ratio eventually contracting, with silver to outperform gold.Gold and Silver Producers will be the New Growth Stocks of the Decade , Eric Sprott, Financial Sense NewsHour 19 Oct 2011 : The Markets have made gold the de facto reserve currency , there are two markets for silver there is the physical market and there is the paper market and I found it almost ludicrous that when silver was close to 50 dollars an ounce then we would have days between London and China and New York when we trade a billion ounces of paper silver in a day and the world only produces 900 million a year rather than thinking about the guy who is buying it think about the guy who is selling it , somebody hit the sell button to sell a billion ounces of silver and of course without having any possibility of providing none of that silver because it is just not available , the amount that is available today is a million and a half ounces of silver for investment per day meanwhile some guy is selling a billion ounces by hitting a computer key

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Eric Sprott, the silver paper market have lost any touch with the physical market

Eric Sprott, Financial Sense NewsHour 19 Oct 2011 : The Markets have made gold the de facto reserve currency , there are two markets for silver there is the physical market and there is the paper market and I found it almost ludicrous that when silver was close to 50 dollars an ounce then we would have days between London and China and New York when we trade a billion ounces of paper silver in a day and the world only produces 900 million a year rather than thinking about the guy who is buying it think about the guy who is selling it , somebody hit the sell button to sell a billion ounces of silver and of course without having any possibility of providing none of that silver because it is just not available , the amount that is available today is a million and a half ounces of silver for investment per day meanwhile some guy is selling a billion ounces by hitting a computer key

Eric Sprott : The market has determined that gold is the reserve currency

Eric Sprott :..based on the evidence that we all see of the massive amount of silver buying vis a vis Gold where people are putting almost as many dollars in silver as they are putting in Gold but the price is fifty times different yet the same amount of money is going in and the availability for investment is in a ratio of about : there is twenty times more gold in dollars to buy than there is in silver dollars to buy for investment yet the money is going in a one to one , I know it is some kind of mathematicians but that cannot carry on something is going to give here so that's why I think that the silver price in the next decade will do better , I believe that the market has determined that gold is the reserve currency it outperformed everything by a wide wide range not even close to been comparable to anything