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Wednesday, July 6, 2011

Eric Sprott – Paper Markets Are A Joke: Prepare for Bullion Prices to Go Supernova

"Bullion Prices to Go Supernova". Duh! Buy the phyzz it's going to go supernova in 2-7 years or before.

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Eric Sprott – Paper Markets Are A Joke: Prepare for Bullion Prices to Go Supernova

http://sgtreport.com/2011/07/eric-sprott-paper-markets-are-a-joke-prepare-for-bullion-prices-to-go-supernova/#more-7202

So predicts Eric Sprott, founder of Sprott Asset Management and famed investor. In this wide-ranging interview, he shares his insights on the precious metals markets – specifically what investors need to be aware of in terms of the way the markets are currently managed (maniuplated), the macro outlook for the economy (grim) and the true value of gold and silver (very under-priced; particularly silver).


Eric sees the current “extend and pretend” intervention by world governments and central banks to prop of a fundamentally flawed banking system, particularly the vast money printing efforts of the past few years, as a ruse that is losing it’s influence. Once enough people ask “Why have your money in a bank earning nothing? Why not have it in something that might at least maintain its purchasing power?”, the capital flows into the precious metals will dwarf current levels, sending bullion prices much higher.

Those interested in hearing Eric’s insights on:

why we’re in a global secular bear market for most assets classes
what the safest investment options are
how much precious metals exposure investors should have
the key factors that will drive PM prices much higher
the mind-boggling supply shortage and manipulation within the silver market
why there may eventually be two prices for bullion: one for paper and (a much higher one) for physical & how high Eric thinks prices could go
should click the play button below to listen to Chris’ interview with Eric Sprott (runtime 38m:01s):

Play the Podcast

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