Eric says he takes a very positive view on where the gold price will go and he is absolutely convinced that gold will go to $2,000 per ounce, probably within the next 12 months. With that in mind, Eric walks our listeners through the concept of investing in a marginal gold producer -- a company that barely scrapes buy at current gold prices, can go up several hundred percent with just a small rise in the price of the metal.
Eric says this is the investment opportunity of a lifetime, happening right now! In fact, we have missed the first 25% already, but there is much more to come.
Eric reminds our listeners that last time around, gold stocks went up by 1700% in about 7 or 8 years, and he thinks that is the kind of move we are looking at. There is no other place where you can find these kinds of returns.
At the end of the interview, we ask Eric what his political views are in light of government policy over the past several years. Watch to find out if Eric is a moderate, libertarian, anarchist, or something else.
Eric Sprott has more than 40 years of experience in the investment industry. After earning his designation as a chartered accountant, Eric entered the investment industry as a research analyst at Merrill Lynch. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc.
- Source, Palisade Radio: