• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

Exclusive: Interview With Eric Sprott

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Fri, 02/11/2011 - 15:46 | 953812 asdasmos
asdasmos's picture

Die hard pls.

Fri, 02/11/2011 - 16:08 | 953897 Herd Redirectio...
Herd Redirection Committee's picture

Well, if you are already "all in" then a plunge in price wouldn't help you at all, would it? Timing is the most difficult aspect of any trade, always waiting for one more dip to buy will leave you empty handed, in the end.

Any way, check out the latest from the Capital Research Institute:


What is Wealth?

The Capital Research Institute presents: The Top Alternative Measures of Wealth for the 21st Century

6) Human Relationships.  Last, but certainly not least, meaningful relationships are one of the greatest forms of wealth.  If you need any proof of this, remember the maxim ‘Its not what you know, its who you know”. The people who currently run the world (of finance, and business, at least) achieved their lofty positions (Treasurer, Fed Chairman, etc.) by way of who they knew, not what they knew.  Why are Princeton, Harvard, Yale graduates in nearly all positions of power?  Why are the heads of atleast a dozen central banks Goldman Sachs alumni???  Clearly it is because of who you meet, while on Wall St/in the Ivy League/at secret society meetings.  “Active collusion isn’t necessary.  Jackals, hyenas, vultures, wild dogs – none of them collude but there actions conspire to the same end.”

Clearly, if those in power are using networking to the utmost, to remove them from power will require similar networking.

Fri, 02/11/2011 - 23:57 | 955112 lynnybee
lynnybee's picture

j.c.almighty, god help us all ......... i just read that link you provided to DAMON VRABEL's blog.    I need to get off the grid & take my kids & grandkids with me ..... where do we run ?   How will we ever get rid of these parasites.

Sat, 02/12/2011 - 00:55 | 955185 snowball777
snowball777's picture

Uhhhh....jackals, hyenas, and wild dogs...all pack hunters...they survive almost entirely by virtue of collusion.

Vultures, on the other hand, being carrion eaters, live the closest thing possible to a karma-free existence as they take no life and serve a useful purpose.


Sat, 02/12/2011 - 11:56 | 955670 unununium
unununium's picture

Never be "all in".

See special relativity.  It should require infinite return to get you to invest that last bit.

Sat, 02/12/2011 - 12:02 | 955679 tmosley
tmosley's picture

All you got isn't all there is.  It would cost an infinite amount of money/labor to obtain 100% of the supply. 

Sat, 02/12/2011 - 12:15 | 955699 ElvisDog
ElvisDog's picture

I agree. Diversification and debt-free-ness has one important benefit - a reduction in stress. If you're all-in, you have to worry about what happens to your wealth if you're wrong. Reducing stress is one of the big things you can do to improve your health, and good health is certainly one of those things people should invest in.

Fri, 02/11/2011 - 16:51 | 954031 Robot Traders Mom
Robot Traders Mom's picture

Read about DTC from their annual report. In 2009, they settled $1.48 QUADRILLION. DTC is a private company, owned by the banks, and mandated by the FED. This number isn't fathomable. The amount of derivatives outstanding make all currencies in the world worthless. Like Sprott says, metals won't be priced in fiat, but how much they can get from barter and hard assets (like food, land, guns, etc.).

That being said, I completely agree with you and that is where there is a divide in the metals community. I would personally like gold to go under $1,000 for some time so I can keep buying more. Anyone with a fucking brain and IQ above 58 knows the dollar will be worthless at some point and is losing value on a daily basis. I am very thankful there are so many functional retards in the world, otherwise I would have to sell my house and property to get a few ounces. Right now, I can keep buying at reasonable levels.

Sat, 02/12/2011 - 08:26 | 955490 creviceCaress
creviceCaress's picture



yer reel perty...hunny

Fri, 02/11/2011 - 19:33 | 954525 SoCalTrader
SoCalTrader's picture

Anyone with a fucking brain and IQ above 58 knows the dollar will be worthless at some point and is losing value on a daily basis. I am very thankful there are so many functional retards in the world, otherwise I would have to sell my house and property to get a few ounces. Right now, I can keep buying at reasonable levels.



Well said.

Sat, 02/12/2011 - 10:14 | 955569 h3m1ngw4y
h3m1ngw4y's picture

this troubles me. if the iq 59 have already caught the word (which i think is just not true) who is on the other side of the trade? martians? considering a fool (58 and less) and his money are alway soon parted no equity here. reinventing the exit seems to be ordre du jour.

Sat, 02/12/2011 - 12:19 | 955707 ElvisDog
ElvisDog's picture

I might agree on the eventual outcome, but not that the dollar's demise is imminent. When I think about the World's Elite, the one thing I think has the potential to upset the apple cart for them is social unrest. Hyperinflation is guarenteed to cause social unrest, therefore the Elite will not intentionally allow hyperinflation to happen. I think a slow, stagflation type death of the dollar taking place over 10-20 years is much more likely

Sat, 02/12/2011 - 13:55 | 955853 cranky-old-geezer
cranky-old-geezer's picture

I tend to agree, we're all surprised how well the US dollar is holding up given the massive money printing we're seeing.  WRC status with military enforcement working way better than anyone thought.

Fri, 02/11/2011 - 21:16 | 954799 dudditz
dudditz's picture


Sat, 02/12/2011 - 11:50 | 955665 Quinvarius
Quinvarius's picture

46 junks and counting.

Fri, 02/11/2011 - 15:56 | 953856 Iam Rich
Iam Rich's picture

Sprott suggests Au~2100, Ag up to 50.

Can't argue with a big blowup in equities taking Au/Ag with them.

Can't argue with your ratio either...Netflix at 70 (~70% decline) = silver at 20 (~30% decline).

There would be no silver left on the planet at 20 in "weak" hands.


Sat, 02/12/2011 - 12:09 | 955688 unununium
unununium's picture

Market sophisticates take note:  Sprott has bigger balls than you, and has actual short positions.

Fri, 02/11/2011 - 15:56 | 953858 jus_lite_reading
jus_lite_reading's picture

Silver will be ~$40-$45 in a month. Mark this post and come back. We'll see who is the bigger dick.

Fri, 02/11/2011 - 16:26 | 953946 Pladizow
Pladizow's picture

He who predicts the future lies, even if he tells the truth!

Fri, 02/11/2011 - 17:15 | 954123 tao400
tao400's picture

I need to see a bigger picture of your rack!

Fri, 02/11/2011 - 19:21 | 954493 PenchantForHoarding
PenchantForHoarding's picture


Fri, 02/11/2011 - 19:56 | 954592 solgundy
solgundy's picture

go to National Geographic....search: beached whale

Sat, 02/12/2011 - 10:16 | 955571 h3m1ngw4y
h3m1ngw4y's picture

"He who predicts the future lies, even if he tells the truth!"


Fri, 02/11/2011 - 17:29 | 954169 tekhneek
tekhneek's picture

you're off by a month. April 1st is going to be hilarious.

Especially when these guys rape the COMEX: http://standfordelivery.com/stand.php

Fri, 02/11/2011 - 17:54 | 954261 Bigger Dickus
Bigger Dickus's picture

A bunch of rednecks is gonna rape the politically connected TARDMEX? Get real.

Sat, 02/12/2011 - 20:18 | 956621 BigJim
BigJim's picture

How do you know their necks are red, anyway?

Fri, 02/11/2011 - 20:14 | 954633 Arvo Particleboard
Arvo Particleboard's picture

Silver + 1 month = $25.50

Sat, 02/12/2011 - 00:46 | 955171 Oracle of Kypseli
Oracle of Kypseli's picture

Still good return when we bought at $15

Sat, 02/12/2011 - 12:22 | 955715 ElvisDog
ElvisDog's picture

$25 is my re-entry point. I stopped buying at around $20 to see what would happen. From my point of view, the action of the last month or two is muddled as to whether it's going to keep going up or has reached a short-term peak. If it goes down to $25, I start buying again.

Fri, 02/11/2011 - 16:05 | 953887 Camtender
Camtender's picture

Dickus, is your personality your main birth control method?


Have you had a chance to look at some of Sprott's fund retuns?


Fri, 02/11/2011 - 16:29 | 953957 Pladizow
Pladizow's picture

I'd guess Sprott's net worth is just a tad higher than your own.

So if I was forced to choose which of the two of you to listen to, I'd pick the billionaire.

Sat, 02/12/2011 - 12:02 | 955676 unununium
unununium's picture

Careful with that logic.

Fri, 02/11/2011 - 16:08 | 953900 jus_lite_reading
jus_lite_reading's picture

Oh and check out his response to question 8. He thinks, as do I. GOLD right now has a value of ~$1400 fiat USD per oz. When it collapses with the financial system, it might be woth $50k/oz or $50mil/oz but at that point we'll be pricing it in bottles of potable water and cans of food. Say, if I already have both and you have your "stocks" what are you worth to me?

Fri, 02/11/2011 - 20:27 | 954672 Snidley Whipsnae
Snidley Whipsnae's picture

JFReading... Don't forget that which makes the industrial world function...Oil.

If the dollar is the reserve currency and the one that most oil is settled in, then the question is; what will oil be settled in? This is a very important question to answer for the all soverigns. The US currently imports 2/3rds of the oil that it consumes.

Without sufficient oil the earth will not support the number of people currently living here.

In the end game, oil will be purchased with PMs or soft commodities...imo.

Sat, 02/12/2011 - 12:26 | 955719 ElvisDog
ElvisDog's picture

And we're already seeing that in places like Egypt. It's not just the end of oil that matters, but the end of oil cheap enough so people earning $2000 a year with 6 kids can no longer afford food. The removal of Mubarak is great from the Liberty point of view, but isn't going to reduce food prices for the poor of Egypt.

Fri, 02/11/2011 - 16:09 | 953903 somaplease
somaplease's picture

Eric Sprott is the 55th wealthiest person in Canada.  Not bad!  He certaintly isn't up to par with Porter Standbury - but what can u do!

Fri, 02/11/2011 - 16:20 | 953929 adeptish
adeptish's picture


Fri, 02/11/2011 - 16:37 | 953982 bankrupt JPM bu...
bankrupt JPM buy silver's picture

Wait till I release part 4 in an hour 'smaller DICKus" you will realize whats going on you duch sac.  Netflix at $70?  $238, and silver is at $30 you fucktard.



Fri, 02/11/2011 - 15:47 | 953815 Bigger Dickus
Bigger Dickus's picture

If gold breaks under €1000 per ounce again the door will be wide open to €950.= proportionately greater plunge in silver.

Fri, 02/11/2011 - 16:00 | 953871 Mongo
Mongo's picture

Well then I shall buy like crazy!

Fri, 02/11/2011 - 16:07 | 953894 tmosley
tmosley's picture

And if gravity reverses, we'll all be flung into space.

Fri, 02/11/2011 - 16:22 | 953932 Kaiser Sousa
Kaiser Sousa's picture

Tmos -

u funny man...

Fri, 02/11/2011 - 16:27 | 953950 Ignatius J Reilly
Ignatius J Reilly's picture

Can we vote on whom will be flung first?  I have a nomination.

Fri, 02/11/2011 - 17:28 | 954168 Bastiat
Bastiat's picture

Oh shit!!

Fri, 02/11/2011 - 17:40 | 954211 Ignatius J Reilly
Ignatius J Reilly's picture

To be clear, I didn't junk you.  I thought your comment was hilarious.

Fri, 02/11/2011 - 18:39 | 954395 philgramm
philgramm's picture

mad props on the handle.  Ignatius may be the funniest character in modern literature IMO

Fri, 02/11/2011 - 18:53 | 954432 Freebird
Freebird's picture

I did. Asshat.

Sat, 02/12/2011 - 12:28 | 955722 ElvisDog
ElvisDog's picture

Why do people bother to junk anyway. Does anyone give a flying fuck if their posts get junked? This isn't fucking Junior High School.

Do NOT follow this link or you will be banned from the site!