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Precious Metals Guru Eric Sprott – 80% of His Hedge Fund Concentrated in Precious Metals

September 26, 2012 | About:

I love following investors like Bruce Berkowitz who has put almost 30% of his fund in AIG. This is a man with conviction in his best idea.

Another investor betting big where he has conviction is Eric Sprott who has 80% of his hedge fund in precious metals. Sprott has been right on gold and silver over the past decade and is nowhere near ready to get off the ride apparently.

Here he is explaining why is willing to be so heavily concentrated in the precious metals sector:

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