Eric Sprott – Stunning Indian Buying To Crush Silver Shorts
June 28, 2013
Today billionaire Eric Sprott spoke with King World News about the recent raid on gold and silver and noted the massive physical silver purchases that are taking place in India. Sprott also discussed what this means for the shorts in the silver market. This is the first in a series of interviews with Sprott that will be released today. Below is what Sprott, Chairman of Sprott Asset Management, had to say in part I of this remarkable series of interviews.
Sprott: “I just read some data on India. It said that India, last year (in the) first five months, imported 1,900 tons of silver. So far this year they have imported 2,400 tons. Now to understand the significance of this I have to tell you that the amount of tons (of silver) mined (annually) is 25,000….