Friday, March 25, 2011

Eric Sprott: There's No More Silver, $200/Oz Here We Come

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.” We’ve got the highlights of his speech in the video below. Listen as the CEO of Sprott Asset Management discusses the availability of precious metals, the price of gold, the GDP, national debt, and more.

Ed Steer, editor of the free Gold & Silver Daily newsletter and longtime GATA member, believes that silver will go to the moon, and soon. Read his explanation why that's the case and how you can profit from this enourmous upswing by reading his report, The Case for $60 Silver.

No comments:

Most Popular Articles This Month