Silver Would be $150 if Not Suppressed

"Eric Sprott has $10 billion under management, and it's no secret Mr. Sprott is a long term bull on physical gold and silver. He says, "I can make a compelling case the price has been suppressed." If it wasn't, Sprott says, "Gold would be $2,500, and if the ratio was 15 to 1, the price of silver would be $150 an ounce." Mr. Sprott also says, "The economy is already taking a cliff dive and that is before we hit the cliff. . . . It's hard to imagine anyone being optimistic going forward here." If there is war in the Middle East, Sprott says, "Oil would go crazy, gold would go crazy, anything physically real would be in demand." Greg Hunter goes One-on-One with Eric Sprott of Sprott Asset Management."

- Source:

http://usawatchdog.com/one-on-one-with-eric-sprott/

Stimulus Policies Won't Help and the US is in a Recession

“The world is hoping for some monetary stimulus from the G6 countries. I would not be surprised at all that some Sunday night we’ll get some announcement that all governments are going to buy more of their government bonds, maybe some organized action by the G6, which I think will just send gold moving significantly higher. I’m pretty convinced it will be at new highs before the end of the year. It’s not even that relevant to me what it is exactly at the end of the year”

- Source:

http://www.moneynews.com/Economy/Sprott-Recession-economy-gold/2012/07/30/id/446971

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Hecla Mining Makes Hostile Bid for U.S Silver

"The head of Sprott Asset Management, Eric Sprott, was keeping his cards close to his chest after Hecla Mining made a hostile C$111-million cash offer to buy U.S. Silver that would derail a Sprott-backed plan to merge U.S. Silver with RX Gold & Silver.

Sprott is a key shareholder of both U.S. Silver and RX Gold & Silver, holding 14 percent and 8 percent of each company respectively, and now with the Hecla bid, as reported by Dorothy Kosich early on Thursday, it faces an interesting dilemma. Does it support a premium bid for U.S. Silver, but in so doing give up on the RX Gold & Silver merger, a combination in which it would be a top shareholder, or does it stick with the merger, arguing as it did last month that the combo would unlock shareholder value?

So far there is no official indication as to what Sprott will decide. A spokesperson for Mr. Sprott said on Thursday he had no comment on the Hecla bid."

- Read the full article here:

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=155906&sn=Detail&pid=102055

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Sprotts Comments on the Latest "Sprott Silver Trust" Offering

“We thought the timing was good in the sense that the silver price has been in the doldrums and there would be some underlying interest in the metal. We were happy the announced offering reached the target of $200 million because the issuing market is not very robust these days.

So we were quite happy with the results. And initially it will allow us to buy seven million odd ounces of silver, which we haven’t bought yet, but it will certainly help the silver market.”

Read the full article at King World News here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/21_Sprott_-_The_Frightening_Black_Swan_Nobody_Is_Talking_About.html

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The Great Black Swan

Eric Sprott was recently interviewed by King World News. In which he gave another powerful interview. Topics of this interview were the current state of the European financial crisis, gold, silver and what Eric perceives as the greatest black swan out there.

Listen to the full interview here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/7/22_Eric_Sprott.html

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My Biggest Worry

“My biggest black swan, Eric, is that I think I’ll be right one day. My worry is that one day they just shut everything down. They say, ‘You know what, we just can’t keep this up anymore, the whole Ponzi (scheme), we just can’t do it and we shut it down.’ All of the markets freeze, and the stocks that you are short are never allowed to go where they were.

They might cease gold trading, in the normal sense, or maybe they will even outlaw gold trading. But that’s my biggest worry. Because everything else, everything that one would theorize and watch, in practical terms, all (of it) argues for gold and silver to win the day. So just stay the course.”

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/21_Sprott_-_The_Frightening_Black_Swan_Nobody_Is_Talking_About.html

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Eric Sprott Answers Your Questions

Sprott Money has released a new series of videos. In these videos Eric Sprott answers readers questions and gives his candid opinion. Major topics are of course, Gold, Silver and the destruction of the dollar.

Part 1:



Part 2:



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Part 4:




- Source:

http://www.sprottmoney.com/news/ask-the-expert-eric-sprott-sprott-money?utm_source=Sprott+Money+Newsletter&utm_campaign=3d244a355e-Sprott_Money_Newsletter_July_16_20122_16_2012&utm_medium=email

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This Would Suggest That all of the Available Silver Was Traded Before Lunchtime.

“Eric Sprott has pointed out that on a daily basis, the paper markets (futures markets) in silver trade about 100 million ounces, while the physical market produces less than 3 million ounces each day. That’s an indicated 97 million ounce shortfall on a daily trading basis.

I would also like to add that 90 to 120 days ago, Eric Sprott was saying to me that the amount of silver available for good delivery, on the various metals exchanges in the world, was about 40 million ounces. So if you think about the fact that there were 40 million ounces available for good delivery, but 100 million ounces a day are traded, this would suggest that all of the available silver was traded before lunchtime.

I would also say that if this market begins to move to the upside, it would appear from the disparity of silver available to trade and the amount that actually does trade, that there is the strong case for some very substantial upside.”

- Rick Rule, a member of Sprott Asset Management, speaking about the Silver market and Eric Sprott. Read the full interview at King World News here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/17_Rule_-_The_Physical_Silver_Market_Is_Getting_Dangerously_Tight.html

Mixed Pre-1965 US Silver Coins

Patrick MontesDeOca Interviews Eric Sprott

Part 1:



Part 2:




Source:
http://cmt-group.com/

2011 One Kilo .999 Fine Copper-bullion-bar: Walking Liberty

There is No Solution to the Problem

"I’ve been asked before, is there a solution to the problem? There isn’t a solution to the problem. There’s things that might happen. There’s a default that could happen. There’s hyperinflation that could happen, but none of those would be deemed as solutions to the problem. But one or the other or both is going to happen.

People should, rightly, have fear of having their money in paper instruments, whether it’s in a bank account or a bond. If they had any sense they would be buying (physical) gold and/or silver. That’s the only way to maintain your purchasing power."

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/29_Sprott_-_Were_Being_Lied_To,_Even_The_1_Is_Having_Problems.html

One of His Greatest Interviews Ever

Eric Sprott, was recently interviewed by King World News. Topics such as gold, silver and the ongoing depression are discussed. Eric King calls this "one of his greatest in depth interviews ever". 

Listen to the full interview here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/7/1_Eric_Sprott.html

Chinese Gold Imports Increase 640%

"The Chinese gold imports from Hong Kong in April, 2012 surged almost 1300% on a YoY basis. Total gross imports for the month of April were 103.6 tonnes and the net imports were 66.3 tonnes1. It is not the data for April alone which has caught our eye. There has been a stunning increase of gold imports through Hong Kong for export into China over the past 2 years. Between May 2010 and April 2011, China imported a net 66 tonnes of physical gold through Hong Kong. Between May 2011 and April 2012, that number jumped to 489 tonnes. This represents an increase of 640%."

- Source:

http://www.sprottmoney.com/news/gold-alert-sprott-market-insights?utm_source=Sprott+Money+Newsletter&utm_campaign=49c6f38f9c-Sprott_Money_Newsletter_June_21_20122_16_2012&utm_medium=email