Sunday, January 29, 2012

Eric Sprott - James Turk - GoldMoney Foundation

"James Turk from the GoldMoney Foundation interviews Eric Sprott on precious metals and the global banking system."

- Source, Gold Money:

Friday, January 27, 2012

The Chinese are Buying Precious Metals Hand over Fist!

Eric Sprott recently gave another powerful interview to King World News. Topics that were discussed were the recent increase in Chinese purchases of precious metals and the recent PSLV offering.

Listen to the full interview here:

Thursday, January 26, 2012

Iranian Oil to be Purchased with Gold

“There are two things I think are important about that. One, it’s a statement that gold is a currency. That is by far the most important thing. I think the other thing is, if it actually transpires that way, what does it mean for the demand for gold? Because now it’s considered currency, it’s, in essence, your working capital. You have to have it. It’s like a store, you have to have money in the till.”

- Eric Sprott during a recent interview with King World News:

Wednesday, January 25, 2012

It is way Less Risky to have Money in Gold than to have Money in the Bank

"It is way less risky to have money in gold than to have money in the bank."

"As an individual, I would have at least 20 percent in gold," Sprott said. "As a rule of thumb, high-risk portfolios should have about 10 percent in gold."

"Considering where the world is going, I think people could easily consider numbers higher than that."

- Article via Reuters, read the full article here:

Monday, January 23, 2012

Eric Sprott PSLV Fund to Buy $250 - $350 Million more Worth of Silver!

"Eric Sprott announced that he will be purchasing another $250 to $350 million worth of silver bullion to be added to the popular Sprott Physical Silver Trust (PSLV). This is roughly 300 tonnes of the metal that will be added to the fund's current holdings of about 1,000 tonnes, bringing it to about 13 percent of the size of the iShares Silver Trust ETF (SLV)."

- Read the full article here:

Saturday, January 21, 2012

Why was Silver up 5% Yesterday?

“Today’s incredible move was the culmination of a comment made by UBS analyst Edel Tully. He stated that hedge fund manager Eric Sprott may be in the market buying spot futures in a private letter to his clients.”

Thursday, January 19, 2012

Bearish on Base Metals, Bullish on Precious Metals

“I am not bullish on cyclical commodities such as iron ore, coal, steel, lead and zinc because I am worried about this economic contraction that everybody is talking about.”

- Eric Sprott, via a recent interview with Rueters:

Wednesday, January 11, 2012

Thursday, January 5, 2012

Eric Sprott Gold & Silver Price Prediction / Forecast for 2012

Eric Sprott discusses where Silver and Gold are heading for 2012. He discusses how physical delivery is becoming more and more scarce, among other things.