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Eric Sprott Talks About the Biggest Ponzi Scheme
Posted by: matsandalex (IP Logged)
Date: January 8, 2013 11:28AM
Eric Sprott of Sprott Resources was interviewed by Eric King where he talked about the current monetary debasement in the U.S:
One of Sprott's primary reasons for owning gold is the fact that it is still under-owned by the vast majority of retail investors. For example, it is estimated that only 1% of all financial assets are in physical gold. In the West, there has not been a rush into physical gold. However, in countries like India and China more savers have opted for gold.
Sprott also notes that the "smart money" has now migrated into gold. Specifically, he mentions Ray Dalio, Bill Gross and Kyle Bass.
Guru Discussed: Kyle Bass: Current Portfolio, Stock Picks
Stocks Discussed: GLD,
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