Sprott Money News Ask The Expert - February 2018 Rick Rule

Rick Rule, the president and CEO of Sprott US Holdings, joins us this month to answer questions from Sprott Money customers regarding gold, silver and the mining shares.

- Source, Sprott Money

Eric Sprott: The true state of the U.S and global economy

Only the Blind Can't See the Manipulation Going on in Precious Metals

The US jobs report is out, and the markets are already reacting. But Eric says all is not as it seems.

“A lot of people try to make very quick decisions on this without all the information. And all the information is: it was not a bullish jobs report.”

Join Eric for a deep dive into the numbers and learn what they mean for the average worker. Plus: at the five minute mark, Eric talks about why he thinks crypto is “kind of over,” and what the future holds for blockchain.

“I think all these things are very strong—they’re powerful changes in markets which could create a much, much bigger interest in not only precious metals, but other hard assets as well.”

Plus: Why Eric finally feels vindicated by the CFTC fining and charging major banks for manipulation of precious metals.

- Source, Sprott Money

The Day That The Commercials Fall Flat On Their Face Could Soon

The year is off to a hot start with the dollar sinking and the price of crude oil going up. This week, Eric talks more about the “shockingly weak dollar,” the economic weakness in the U.S., and the continuing fraud of the COMEX.

But this week, he zeroes in on perhaps the strongest argument for precious metals: vulnerability.

“We have to talk about these Intel chips that were flawed, OK? Because if you’re a wealthy person, and a smart person, do you know that your bank account can be hacked? Do you know that the bank where you have your money can be hacked? 

Do you know that everything can be hacked? Where do you want to have your money? 

Do you want to put some in gold, so that at least it can’t be hacked, ‘cause it’s physical—you’ve got it in your own possession? So, I think that’s going to be very, very important to both gold and silver here, that everything is so vulnerable. Of course, nobody talks about it anymore. 

The market goes to a new high, it doesn’t matter that all our computers are hackable, because someone else is controlling the market. But as smart guys thinking about this sort of stuff, do I really want to keep my wealth in something digital where I have no control over it?”

- Source, Sprott Money

The Dollar Could Plunge From Here And That Could Boost Gold By $150

It’s an exciting time to be in precious metals. The US dollar is plunging to its lowest level in four years, Bitcoin is faltering, and with all the political uncertainty in the world, people want security.

The fact that investors are turning to gold and silver comes as no surprise to Eric.

“All these unregulated currency exchanges are open to massive manipulation. We see manipulation inregulated markets. Can you imagine what happens in an unregulated market, where you can do whatever you want to do?”

“If you’re going to exit the game—the Bitcoin, the cryptocurrency game—what do you do with your money? You hate banks, you hate fiat currencies. There’s pretty well only one option—that is to go into gold. And so that is happening as we speak.”

Even as Bitcoin’s stumble causes a surge of interest in precious metals, the main story in the news today is the looming government shutdown in the United States. What does this mean for the future of the US dollar, and how could it add to what Eric calls “a huge tailwind for gold”?

- Source, Sprott Money