by Tekoa Da Silva, Bull Market Thinking:
I had the opportunity this week to connect with Eric Sprott, Chief Executive Officer and Senior Portfolio Manager of Sprott Asset Management.
It was a powerful conversation as Eric spoke to the “gargantuan rise” he sees coming for precious metals and their corresponding equities, one which he expects will take gold to new highs within the next twelve months. He also spoke to the incredibly fragile Western financial system, and pointed out the one event, which when it occurs—will completely take the lid off of gold.
Speaking to the gut-wrenching decline in metals and miners over the last two years, Eric said, “We’ve had many downturns in the gold market and as a portfolio manager…You just have to put up with these things. We had a horrendous decline in ’08…but sure enough, a year later [it was] right back where it should have been and anyone who sold at that time was severely misguided.”
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