Eric Sprott : the real story now is silver

In an interview with the Canadian newspaper The Glob and Mail Eric Sprott Chairman, CEO & Portfolio Manager of Sprott Asset Management said that he believed that Silver is the real story now and it will out perform Gold :     "I think gold is the reserve currency today. There is not a currency in the world that it hasn't appreciated against by at least 300 per cent. And it has beaten every stock market. You can't even rent a safety deposit box in Germany because they are all full of gold and silver ... I am pretty convinced that gold will go a lot higher because it is under-owned as only 1 per cent of people's money is in it. It could go to $2,000 an ounce. I could imagine it at $5,000. I am not giving a time frame on that, but I could certainly see that happening. But the real story now is silver. Gold has traded at a ratio of 16-to-1 to silver in terms of price, but today it trades in the range of 50 to 1. I think the gold-to-silver ratio is going to go back to 16 to 1 given the passage of time, say three to five years. And I bet you that silver overshoots. The gold-to-silver ratio may even get down to 10 to 1. I believe that the price of silver has been suppressed."


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Eric Sprott

Eric Sprott : “ Silver is the investment of this decade”
“I’ve always thought that silver would move quickly to $50, and it would move to $50 this year – I thought it would get to $50 before year end,” “If you ask me in the three to five year time frame, obviously I think it’s going to go north of $100 simply because we’ll get that 16:1 ratio.” Gold,  is going a lot higher.
“Silver is the investment of this decade as gold was the investment of the last decade. So we’re sitting back waiting for things to evolve here,” - Eric Sprott





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Eric Sprott

Eric Sprott : Silver better than Gold on CNBC (4/15/2010) - "Silver is better than gold....."


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Silver Will Outperform Gold by 400% in 2011 ?

So far silver is outperforming gold by a large margin , Silver has been the best-performing precious metal in 2011 so far  rising up 40 percent since January. The secret is Silver is not just a precious metal it is also an industrial metal , the best conductor of electricity amongst all metals , Industrial companies are buying silver by the tons , today about 40% of silver is used industrially - in solar batteries, water purification systems, computers ,cellphones, circuit boards, plasma TVs and also RFIDs  radio frequency identification devices .By 2015, it's estimated that global industrial demand for silver ,mostly  driven by China and India  will increase by 36%, from 487 million ounces in 2010, to 666 million ounces.  add this to the shortage in supply and you have an idea how high the silver prices will go . Eric Sprott is right in saying " Silver is The Investment of this decade " Eric Sprott runs one of the largest hedge funds in Canada his PSLV (silver) Sprott Physical Silver Trust since it was launched October 29th 2010 it has increased by over 75% in value , IPO at $10/Share now trading at $17/Share .Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade

Eric Sprott : Silver is The Investment of this decade

Silver is very difficult sourcing says Eric Sprott while explaining why backwardation is Bullish , the Chinese have become net importer of silver US Mint sells more silver bullion than it sells in gold bullion Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade

Eric Sprott : Silver Bull run just started

Eric Sprott runs one of the largest hedge funds in Canada his PSLV (silver) Sprott Physical Silver Trust since it was launched October 29th 2010 it has increased by over 75% in value , IPO at $10/Share now trading at $17/Share .Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade

Eric Sprott : Silver $100 per oz,

Eric Sprott of Sprott asset management talked about silver, silver stocks, silver bullion shortage...in his recent interviews he called silver "The investment of the next decade" what the bankers have been doing with the gold (some dealers oversold 100 TIMES on paper) maybe happening with silver too it looks very likely they may get unstuck but as always its the people who be left with useless "Certificates" n the bankers declaring some kind of bankruptcy meaning either they'll be bailed out or declared the bank bankrupt while they be rolling in Billions they stolen from other people who tried to safeguard what little they had

Eric Sprott - talks about Silver bullion delay for their physical silver trust

Sprott - talks about Silver bullion delay for their physical silver trust

Why Silver Is the Investment of the Decade - Eric Sprott

Eric Sprott explains why he believes that Silver Is the Investment of the Decade

Eric Sprott - Silver going to $100 - March 1st 2011

Eric Sprott speaking from the mining conference in Florida : Silver going to $100 - March 1st 2011

Eric Sprott : There is No More Silver! The Government Lied...

Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."


Money or currency is something that can be exchanged for a good or service. You can do this with things like food and water, its just that some people prefer to do it with gold because of the properties that it has.

fungible

divisible

not based on debt

Doesn't go bad

Debt based currencies usually fail, thus gold is preferable to that. Gold is also preferable to water and food because it doesn't go bad and it you don't need large amounts to trade.

Eric Sprott on the silver bull market and silver shortage

Eric Sprott on The Financial Sense News Hour 12 Feb 2011

Eric Sprott on the silver bull market and silver shortage

Eric Sprott, SILVER $50 - GOLD $2,150 THIS SPRING!!!

A fascinating interview by King World News with Eric Sprott, Owner of PSLV, the ETF based on PHYSICAL SILVER -made the astonishing announcement Friday that Silver would go to $50.00 an ounce and Gold would go to $2,150 by this SPRING!!!

Eric Sprott : The Silver Decade

David Morgan Interviews Eric Sprott

Gold was the investment of the last decade Silver is the investment of the next decade



Eric Sprott is very well informed. The 3 men he listed, Ted Butler, Dave Morgan and Jason Hommel are among the smartest guys in the room when it comes to silver. The only guys you could add to that list would be James Turk, Adrian Douglas and Mike Maloney. Thanks so much for the vid!

Silver is the metal of The next Decade says Eric Sprott

THE FED IS THE ENEMY AND SILVER IS OUR REFUGE : Benjamin Frankin Explains

the shortage is going to drive up the price. Silver makes such a great gift and people look at you and say Is this real silver? History will be made this week one way or another, but can the current course of the United States of America really be changed at all? Get your paper money OUT pf the bank and OUT of the stock market. Get anything you can that has REAL value. Metals, food, protection, anything to barter ... anything with REAL value ... not worthless paper. Look up the history of Argentina.




the shortage is going to drive up the price. Silver makes such a great gift and people look at you and say Is this real silver? I say yea its the purest around and don't sell it till I tell you. That will be worth 500 dollars soon. Then they become silver invest er/gaters too.It always makes me happy to read about folks who doing well and ignoring all the nonsense "FED" to us by the government and media puppets. We are both silver investors beginning this year.

It's exciting to think about the potential of a truly free market silver! As we chat a "RICO" case is pending. The damn is going to burst at some point, imho. Thanks to those who shared the truth!!!!!