Sunday, March 1, 2015

When Will Gold Be Overvalued?


Friday, February 20, 2015

The Fed Has Lost Control of the Bond Market!


In his most explosive. - The CEO of Sprott Asset Management, Eric Sprott, says, We're buying more bonds on a daily basis.

Tuesday, February 17, 2015

Expect Physical Gold Backing of Currencies Within Next Decade


During a time of currency volatility and returning strength in precious metals, Eric Sprott, Chairman of Sprott Inc. was kind enough to share a few comments.

Regarding currencies, Eric noted that “I’m kind of shocked that the most volatile sector of the financial market right now is the currencies… it really should be bonds or stocks, but it now seems to be currencies.”

Higher risks within global currency markets buttress, “An awesome outlook for gold,”Eric added. “Last year, 84% of the world’s population would have made money owning gold because of various currency moves—even though gold in US dollars was down approximately 1%.”

Commenting on the root cause of growing currency gyrations, Eric noted that, “The whole precept that printing money is goodthat somehow zero interest rates and negative interest rates are good, is totally fallaciousIt’s so unimaginable and yet somehow the investment public has bought into itThings are unstable hereSo I imagine probably in less than 10 years we will see physical assets backing currency. Of course, the most likely physical asset is gold.”

- Source, Sprott Global



Monday, February 2, 2015

Post-Referendum Gold Jitters, Black Friday Blues & the Smash in Gold


Listen to Eric Sprott share his views on the effects of the Swiss gold referendum on gold prices earlier in the week, the decrease in sales for this year's Black Friday sales, U.S. job numbers not reflecting the current economic status of the average individual, and the smash in gold prices today.

- Source, Sprott Money News

Friday, January 30, 2015

Indian Gold, Stock Market Woes, Oil Prices, and Golden Optimism



Listen to Eric Sprott share his views on gold imports in India, the growing volatility of the stock market, the effects of declining oil prices on the global economy, and his short-term outlook for gold.

- Source, Sprott Money

Saturday, January 24, 2015

Forget The Propaganda, Things Will Quickly Unravel As We Enter 2015

The U.S. is by far the world’s largest debtor, and the fact that it still retains its world reserve currency status is the primary reason that its paper retains any value whatsoever at this point.

So what we’re faced with right now is this recurring propaganda that is being reported in the United States that the U.S. economy is growing strongly and that job creation is robust. What utter rubbish. Everything is being falsified to keep this myth alive and keep the U.S. dollar and the bond market afloat.

So for somebody to say that this is the only game in town really shows the depth of stupidity that’s on display today. Part of this plan is the relentless suppression of the gold and silver prices. I think it’s reaching new levels of absurdity as we speak. There is no justification for the price action that we are seeing, even today when prices fell sharply as soon as the London market closed.

The reason for the continued manipulation is because gold and silver represent the canaries in the coal mine. If they were really reflecting the truth this whole myth about low interest rates and everything being fine would be destroyed. I think there is infinitely more evidence coming out daily that the offtake in the East — India, China Russia, etc — is continuing to grow.

In the meantime, what remaining gold is left in Western vaults continues to be depleted. So I believe this suppression is very much in the final stages. If that is the case, I think the subsequent price explosion will be something to behold.


- John Embry of Sprott Assets, via King World News

Wednesday, January 21, 2015

Billionaire Sprott’s Business Partner Reveals His Thoughts For 2015

"My suspicion is that 2015 will give us more of the same. Meaning the global economy is flat on its back and it will stay there for quite some time. 2015 will bring small pockets of prosperity, but the prevailing trend towards increased government and increased government debt will continue to strangle the overall economy.

One would hope, you’ll note that I used the word ‘hope’ again, that the big thinkers of the world are right and that I’m wrong. I understand the hope people have that Western central planners can print trillions of dollars of counterfeit currency units and that liquidity will overwhelm concerns of solvency. It certainly has worked for the last 2 or 3 years.

It would be wonderful to have a set of circumstances where contrived liquidity was the antidote for the sins of the past decade. I just have a very difficult time seeing that come true.”


- Source, Rick Rule via a recent King World News interview

Thursday, January 15, 2015

The Fed Has Lost Control of the Bond Market!


 
The CEO of Sprott Asset Management, Eric Sprott, says, We're buying more bonds on a daily.
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