Wednesday, February 5, 2020

Sprott Weekly Wrap Up: Fear Behind Rising Gold and Silver Prices

This week, host Craig Hemke catches up with intrepid traveller Eric Sprott as he drives down the freeway—but what’s driving precious metals prices? In this edition of the Weekly Wrap-Up, you’ll hear all the gold and silver news you need, including:
  • The fears spurring demand for precious metals
  • What to watch Sunday evening (hint: it’s not the Super Bowl)
  • Plus: Eric’s thoughts on the shares
“As I mentioned last week, you’re dealing with mathematics here. And the rate of growth is just incredible. And probably the best way to start off in terms of having the listeners understand: I think this time last week, we had 200 cases [of coronavirus]. 200. 

We added 2,000 today! And we’re up to pushing 10,000 cases here. And I’ve seen some numerical studies—they’re just numerical—that would suggest that by Feb 20th, we could have something like 500 million occurrences and a million deaths. Now, it’s just something on a piece of paper, but this thing is effectively out of control.”