The Phaserl


Eric Sprott, Global Shocks Coming, Investors Prepare

from KingWorldNews:

Eric Sprott: Chairman, CEO & Portfolio Manager of Sprott Asset Management – Eric has over 40 years of experience in the investment industry and manages over $10 billion. He has been stunningly accurate in his writings for over a decade, and is one of the most respected industry professionals who accurately foresaw the current crisis. Eric chronicled the dangers of excessive leverage as well as the bubbles the Fed was creating, while correctly forecasting the tragic collapse. Sprott Asset Management is one of the top firms in the world. The firm has become well known not only for its performance, but also for creating a gold and now silver trust.


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3 comments to Eric Sprott, Global Shocks Coming, Investors Prepare

  • Paul Prichard (Paper Bear)

    When is Mr Sprott going to exchange more worthless fiat paper for the next chunk of physical silver trust fund ?

    • MRH

      It’s a distinct possibility that he made another purchase last week when the price, momentarily, dropped below $30. The understanding that I have is has been waiting for the price to go below $30 in order to execute the second purchase (which would be the third for PSLV). When he sold $150mn last year he parked most of the money. The PSLV fund purchased $35mn, leaving $115mn for future purchases. Don’t be surprised if you hear, in the very near future, that the second purchase has been made.

  • Troy

    Sprott is buying, so are the Russian billionaires, and the Chinese

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