The beauty of silver of course is there is not much inventory in the world. The buying at the Mint, as a proxy, suggests that people are putting as many dollars into silver as they are putting into gold. So they are buying 50 times more silver than gold.
The piece we did a couple of months ago suggested that for investment purposes you can only buy about 3 times more physical silver than gold. Well, if you are buying it at 50 to 1, and I see it in our Trust issues that we have, we’re buying 50 times more silver which is an absolute impossibility (to sustain), I think silver will by far outperform gold. And needless to say I’m incredibly bullish on gold, so I’m sure we’ll be seeing $100 and $200 prices for silver.”
- Eric Sprott, via a recent King World News interview, read the full interview here: