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CanadianValue
CanadianValue
Articles (4619) 

Precious Metals Guru Eric Sprott – Extremely Optimistic on Gold Prices

November 13, 2012 | About:

Sprott is worth listening to because he got into gold back when it was trading at $250 per ounce and has ridden it all the way up to $1,700. Most other classes have been flat over that period while Sprott has made some big profits.

Sprott is still bullish on gold because:

- The physical supply of gold hasn’t increased since 2000 while the demand picture has.

- Money is constantly printing.

He thinks that investing in gold miners is a leveraged way to invest in the commodity. A 10% increase in gold prices generally results in the miners' stock prices moving 20%.



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 3.7/5 (3 votes)

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