Eric Sprott – Jim Sinclair, $11,000 Gold & Skyrocketing Silver…” there is no stockpile (of silver) anywhere.”
March 16, 2013
Today billionaire Eric Sprott spoke with King World News about Jim Sinclair, $11,000 gold, and a skyrocketing silver price. Below is what Sprott, who is Chairman of Sprott Asset Management, had to say:
Eric King: “When you talk about the gold market and the fact that there is more demand than there is supply, and that (difference in supply) is coming out of Western central bank vaults, but as they run out of (Warren) Buffett’s silver, Eric, and we’ve run out of the US stockpile (of silver), there is no stockpile (of silver) anywhere.”
Sprott: “Well, the funny part about gold and silver: If you put all of the gold in the world that is above ground and compare it to the known silver above ground, the ratio is 150 times more gold than silver….