Billionaire Sprott – Expect A Failure To Deliver Gold & Lawsuits
January 17, 2014
In one of his most important and powerful interviews, today billionaire Eric Sprott warned King World News that we are going to see a failure to deliver gold and lawsuits that will emerge from banks manipulating the gold market. The Canadian billionaire also included an astonishing chart. Below is what Sprott, Chairman of Sprott Asset Management, had to say in part I of this remarkable interview series.
Eric King: “Eric, are we looking at a possible gold shortage here? As you know, paper claims vs available physical gold have skyrocketed to 112 to 1 — absolutely amazing.”
Sprott: “Well, I think it’s ridiculous that dealers have something like 11 tons of gold on the Comex. 11 (tons reiterated). China imports about 100 tons a month. 11 tons is nothing….