Eric Sprott: Silver Market Currently Extremely Tight, Upside is STUNNING!
[youtube=http://www.youtube.com/watch?feature=player_embedded&v=cHwRcQ4z8SI]
[youtube=http://www.youtube.com/watch?v=yFSWPaCaZAw]
[youtube=http://www.youtube.com/watch?v=kpQmFYng88g]
[youtube=http://www.youtube.com/watch?v=LuchQBM7LZI]
- Eric Sprott: Silver Market Currently Extremely Tight, Upside is STUNNING!
by http://www.silverdoctors.com/
Our friend Eric Sprott of Sprott Asset Management has released a 4-part interview answering readers questions about gold, silver, and the current economic situation. Sprott discusses the PSLV’s recent $200 million issue, the current supply/demand situation in gold and silver, whether there is more than 1 entity manipulating the metals markets (Sprott states the G6 Central Banks are behind the metals manipulation), the risk of government confiscation, and much more!
–
‘There’s a lot of evidence that the G6 Central Banks don’t like the gold price going up. They particularly don’t like the gold price going up when the crisis is at its peak because gold is the canary in the coal mine. So, there is no overt proof of manipulation. There are many people who look at all kinds of data that – and myself included. I look at the physical data and I say “Well, where’s the physical gold coming from that these various entities are buying?”
–
When I look at the difference in supply and demand from, let’s say, 2000 to today, I see demand having gone up by about 60% and supply is about the same. So, where’s the gold mine supply and recycling? So where’s the gold coming from? I personally suspect that the G6 Central Banks, who are trying to keep the world together, are supplying that gold through the physical market through leasing of gold from central banks.‘
end