The Phaserl


Sprott’s Still Hot for Silver

from Wealth Wire:

Gold started the week out with a bit of momentum upwards after edging down last week. Experts are waiting to see how the FOMC meeting, U.S. trade balance, U.S. CPI and PPI, and EU Summit will affect bullion pricing as the week continues.

Meanwhile, billionaire Eric Sprott, CEO of Sprott Asset Management, has no doubts about where silver bullion is headed as the new year approaches. Holding 90% of his assets outside of Spring Inc. shares, in gold and silver of course, Sprott maintains his claim that silver is the investment of the decade – beyond a shadow of a doubt.

In fact, Sprott asserts that silver is set to outperform gold, which isn’t surprising since silver sales were 50 times higher than gold sales as of October 2012. As silver becomes rarer than gold, its demand has increased tenfold.

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