Shortage in Gold Becoming Very Acute

“It’s my hypothesis that there was a dearth (scarcity) of gold, and as you know I’ve written many articles questioning whether central banks had any gold left. The conclusion I had was of course that they didn’t because we could see all of this huge new demand coming in.

I’m talking over a 10-year period where I can identify approximately 2,300 tons of net-new demand coming into a market where the supply was staying the same at roughly 4,000 tons a year. I said, ‘Well, this is physical delivery. Where is the gold coming from?’

So it wasn’t a surprise for me to see that all of the sudden these anecdotal items were coming up about how people couldn’t get delivery (of gold). Then we start this decline by various major investment banks saying, ‘Short gold.’ What I think was really happening was that the shortage was becoming very, very acute."

- Eric Sprott via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/31_Sprott_-_This_Is_Why_There_Is_Such_A_Massive_Shortage_Of_Gold.html

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Gold Should be Owned

“All the evidence we see on the Street and amongst the non-western central banks continue to suggest gold should be owned.”

- Eric Sprott

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Huge Surge of Physical Buyers

"These are staggering developments in a market where the supply has been essentially fixed for 13 years. The mining supply went down last year. Mining supply will go down this year, and yet we see a huge surge of physical buying all over the place. This has been a wonderful response from people who realize the ridiculousness of what the central planners are doing.”

- Eric Sprott via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/27_Sprott_-_Incredible_Global_Gold_Rush_Triggers_$3,000_Target.html

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It Will Not End Well

"How much lunacy do we have to have? Just think through it a little. It has to stop some day. We just can’t keep accelerating this without one of two things happening: You are going to get a financial collapse, or you are going to get hyperinflation....

If you get hyperinflation you are going to have a financial collapse anyway because interest rates have to go up and it’s all over for governments because their cost of interest skyrockets and they are all broke anyway. So it will not end well, one way or another.”

- Eric Sprott via a recent King World New interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/27_Eric_Sprott_-_Silver_To_Skyrocket_Hundreds_Of_Dollars_in_Price.html

There is Already a Shortage in Gold

"Everything I believed in keeps pointing to more and more buying. God forbid that I might be able to say that investment demand might go up 100% this year because everyone is buying gold. Where would it come from? There is already a shortage. So it’s just pure insanity."

- Eric Sprott, via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/27_Sprott_-_Incredible_Global_Gold_Rush_Triggers_$3,000_Target.html

Pick up in Buying Precious Metals

“We have noticed that there has been a pick up in buying precious metals since the Cyprus thing happened…You can see that people aren’t stupid. Particularly when you realize that the people at risk are the people with over 100,000 euros in the bank. These are people that got that kind of wealth because they anticipated things. Things are going on. It is a ‘black swan’.”

- Eric Sprott

The Stupidity of Policy Makers

“We are currently in an environment where policy makers are intent on devaluing their currencies in an effort to create growth. Real rates continue to stay negative in most of the developed world. Every marginal dollar of debt that is created is producing lower and lower amounts of growth. In a world overwhelmed by mountains of debt and economic growth which is sub-par at best, precious metals and real assets can act as insurance against the stupidity of policy makers. The evidence pointing towards the suppression of the gold price is becoming increasingly apparent.”

- Source, Sprott Money:

http://www.sprottmoney.com/

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Be Wary of What You Are Being Told

"Be very wary of what we are being told about a recovery. We were told there would be a big recovery in 2012; there was none. Now we are being told about a nice second half recovery, because there has been no recovery in the first half. There probably will not be a recovery in the second half either."

- Eric Sprott via a interview with The Gold Report, read the full interview here:

http://www.theaureport.com/pub/na/15052

Incredible Global Gold & Silver Rush

“It was either central banks manipulation…and/or some technical breakdown in the derivatives market, which may have caused it. I would prefer it be central banks manipulation because I know that it is literally not going to work but the fact is that I think we have a historic panic bottom here, the recovery has been quite impressive so far and I suspect when we all look back…we’ll look at this smash and say, ‘that was the bottom’.”

- Eric Sprott via a recent King World News interview, listen to the full interview here:

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/4/28_Eric_Sprott.html

I Suspect Sovereigns Have Been Significant Buyers

“ We've obviously had a bit of a mini-panic on the buy side here. People have said, ‘Oh my God, I've got to own some gold.’ It’s symptomatic of what’s going on throughout the world. One thing we haven't seen yet, Eric, is what did the sovereigns do in April? But I suspect that they will have been significant buyers.

As Andrew Maguire has told you, he thinks something like 1,000 tons has gone from the LBMA over to Asia. There is no room for people to buy an extra 1,000 tons, which happens to represent almost 50% of the non-China, non-Russian market. I mean how do you buy an extra 50% more of a market and not have the price go up?

I think it was Japan where people were paying $500 above the spot price of gold. So it just shows you that the desire to own it, and perhaps the beginning of a real threat of shortages could have quite a significant impact on the precious metals markets.”

- Eric Sprott, via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/26_Sprott_-_Historic_Panic_Bottom_Ushers_In_New_Gold_Bull_Market.html

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