Silver the Investment of this Decade, but Gold isn't out of the picture yet!

Mr. Sprott said his comment about silver does not mean he is abandoning gold altogether. “Anything I said about it being the resource of the last decade was not to suggest that it wasn’t going to do well this decade,” he said. “It’s just I think silver will do better.”

- Eric Sprott

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King World News Interviews Eric Sprott - 08/20/2011

Eric Sprott was just interview by King World News, the premier alternative media website. Such issues, such as Gold, Silver, and the recent GATA conference were discussed. A must hear interview.

Listen to the King World News interview with Eric Sprott, here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/20_Eric_Sprott_files/Eric%20Sprott%208%3A20%3A2011.mp3

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The Greatest Trade of All Time

"We are of the view that the appetite for sovereign paper promises will continue to decline, and such promises will continue to lose their value relative to real assets, like gold. What needs to be understood is that paper promises (sovereign debt and fiat currencies) are ‘faith-based assets’. They have no inherent value. They have perceived value in that they have historically been convertible into real assets. With their value decreasing against real assets, however, we are of the view that holders of faith-based assets will be increasingly unwilling to store their wealth in them. This will drive up the prices of real assets versus faith-based assets, a process which we have already begun to see en mass."

Read the full article, by Kevin Bambrough, a member of Sprott Assest Management, Here:

http://www.sprott.com/Docs/MarketsataGlance/2011/0811%20The%20Greatest%20Trade%20of%20All%20Time.pdf

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There will be no buyers of distressed assets in the sizes that European banks hold today

"EU banks are also highly levered, but their situation is further complicated by the fact that what was once the most liquid and secure loan on European banks’ balance sheets – sovereign debt – is no longer liquid and secure. This makes EU banks extremely vulnerable to deposit withdrawals as it forces them to approach the ECB for help to maintain liquidity. There is only so much the ECB can do – if a true ‘liquidity event’ takes place, we can all rest assured that there will be no buyers of distressed assets in the sizes that European banks hold today, sovereign bonds, or not."

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Eric Sprott - The Price of Silver Should be $110 to $120 Today

“We’ve put a notice in that we are going to sell two million shares of the Sprott Physical Trust, which would generate something like $32 million of proceeds, and it’s my intention to move that into (physical) silver. As you know I have opined very often that I think silver should trade at a 16/1 ratio to gold. That would imply a price today of something like $110 or $120, (and today) it’s $40.

...The availability in dollar terms of gold is 100 times that of silver, so you can’t keep buying at a one to one ratio without something giving here. As long as people keep buying it you know the price has to go up, there is very limited supply. I think Comex has something like 27 million ounces (available for purchase), which is all of one billion dollars. What is one billion dollars these days? I mean there’s probably 500 different organizations that could clean them out.”

- Read the full article are King World News, here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/18_Eric_Sprott_-_The_Price_of_Silver_Should_be_$110_to_$120_Today.html

Get the Skinny on Silver Investing

Think gold may lose some lustre? Eric Sprott sees a silver lining

Eric Sprott, the perennial gold enthusiast, has his sights set on a new precious metal.

Mr. Sprott’s charitable organization, The Sprott Foundation, is selling two million units of its gold holdings and using the money to buy silver.

The move comes as gold veers close to $1,800 (U.S.) per ounce, and less than a week after Mr. Sprott had declared the metal “the investment of the last decade” in an interview with GoldMoney Foundation. “I think silver is going to be the investment of this decade.”

- Read the full article here:

http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/think-gold-may-lose-some-lustre-eric-sprott-sees-a-silver-lining/article2132411/

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Markets at a Glance: The Real Banking Crisis

We believe that gold and silver are the ultimate alternative for a chequing account in a vulnerable banking jurisdiction, and whether the ECB prints more euros or eventually defaults, both outcomes will continue to support a robust demand for precious metals as an alternative currency.



Read the full article by Eric Sprott and David Baker Here:

http://www.sprott.com/Docs/MarketsataGlance/2011/07_11_The%20Real%20Banking%20Crisis.pdf?utm_source=Sprott+Money+Newsletter&utm_campaign=6d4e960c4e-Sprott_Money_Newsletter_August_11_20118_11_2011&utm_medium=email

Silver price update from Eric Sprott and James Turk

In this video, recorded August 4 2011, Eric Sprott, Chairman of Sprott Asset Management, and James Turk, Director of the GoldMoney Foundation, talk about how there isn't enough silver in the silver market to back existing "paper silver" commitments. Sprott thinks that "silver will be the investment of this decade". Stay tuned to GoldMoney Research for the rest of James Turk's interview with Eric Sprott, which will be released shortly.

Eric Sprott, Canada's 'hidden billionaire'

His wealth is not a surprise to anyone in Canada who has watched him prosper, but investor Eric Sprott is under the radar enough in the rest of the world to land on a new global list of "hidden billionaires."


Bloomberg Markets magazine ranks Mr. Sprott as one of the globe's unsung billionaires, along with a French advertising heiress, a German appliance entrepreneur and a Moroccan property developer.


Mr. Sprott's wealth is estimated by Bloomberg at "at least $1.3-billion (U.S.)," based mostly on his publicly disclosed holdings in Sprott Inc.(SII-T9.010.010.11%) and some other Sprott-related companies, including Sprott Physical Gold Trust, stakes that have both hugely benefited from the run in gold. There may be more wealth in other private holdings, acknowledged Matthew Miller, Bloomberg's new billionaire reporter (yes, they have such a thing)...


Read the full article here:

http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/eric-sprott-canadas-hidden-billionaire/article2119318/