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Sprott Precious Metals Round Table with Eric Sprott, John Embry & Rick Rule

Sprott Group's picture




 

In this candid discussion, precious metals experts Eric Sprott, John Embry and Rick Rule discuss a wide range of topics related to precious metals investing including macro economic issues, expanding central bank balance sheets, and the role of precious metals in protecting your purchasing power. A detailed analysis of the gold, silver and platinum/palladium markets, and a Q&A session round out this great discussion.

 

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Thu, 02/14/2013 - 11:53 | 3243151 savagegoose
savagegoose's picture

you  forgot the other  precious elements

 

carbon sulphur and saltpetre

Thu, 02/14/2013 - 09:19 | 3242689 Fix It Again Timmy
Fix It Again Timmy's picture

"I remember a German farmer expressing as much in a few words as the whole subject requires; "money is money, and paper is paper."
All the invention of man cannot make them otherwise. The alchemist may cease his labors, and the hunter after the philosopher's stone go to rest, if paper can be metamorphosed into gold and silver, or made to answer the same purpose in all cases.
Gold and silver are the emissions of nature: paper is the emission of art. The value of gold and silver is ascertained by the quantity which nature has made in the earth. We cannot make that quantity more or less than it is, and therefore the value being dependent upon the quantity, depends not on man. Man has no share in making gold or silver; all that his labors and ingenuity can accomplish is, to collect it from the mine, refine it for use and give it an impression, or stamp it into coin.
Its being stamped into coin adds considerably to its convenience but nothing to its value. It has then no more value than it had before. Its value is not in the impression but in itself. Take away the impression and still the same value remains. Alter it as you will, or expose it to any misfortune that can happen, still the value is not diminished. It has a capacity to resist the accidents that destroy other things. It has, therefore, all the requisite qualities that money can have, and is a fit material to make money of — and nothing which has not all those properties can be fit for the purpose of money.
Paper, considered as a material whereof to make money, has none of the requisite qualities in it. It is too plentiful, and too easily come at. It can be had anywhere, and for a trifle."  - Thomas Paine

http://mises.org/daily/2942

 

Thu, 02/14/2013 - 09:12 | 3242671 gmak
gmak's picture

I guess hell hath no fury like a goldbug scorned.

Thu, 02/14/2013 - 08:45 | 3242622 nickt1y
nickt1y's picture

If not the 4 precious metals what then? Fiat? 

Gold 

SIlver 

Brass 

Lead

Thu, 02/14/2013 - 08:10 | 3242578 CDNX fan
CDNX fan's picture

Ask Rule how that Atac Resources worked out for Sprott - ATC was a $10 bill when Sprott bought out Rule's Family Trust for some putrid amount - now the public and Sprott are BAGGED with ATC at $1.50. I guess Eric wants THAT trade back now, don't he?

Thu, 02/14/2013 - 11:36 | 3243089 Canucklehead
Canucklehead's picture

While you are at it, check out how One Earth Farms is doing for Sprott Resources.  Great management fees... capital appreciation.. not too much.

Thu, 02/14/2013 - 07:34 | 3242540 Market Analyst
Market Analyst's picture

These guys "feel" a little too much like Allen Stanford, everybody just making it up as they go along..........and I didn`t get past the introductions...the opening told me to run, forest, run...

Thu, 02/14/2013 - 08:21 | 3242597 AUD
AUD's picture

Is Sprott finished fleecing those dimwits who bought PSLV at a premium to spot silver?

Thu, 02/14/2013 - 09:40 | 3242733 gaoptimize
gaoptimize's picture

As one of those "dimwits" (and PHYS), I had little choice.  I use my own money to buy physical that I hold, but my equivalent to a 401K requires me to invest.  The paper silver ETFs are not trustworthy, and I wanted the geographic diversity to have some hope of reacting if US confiscation loomed.  Believe me, I worry about this and look for alternatives all the time.  I regret not moving all into RGR and SWHC after Sandy Hook.  However, my gut still tells me that TPTB cannot afford to suppress silver indefinitely.

Thu, 02/14/2013 - 06:35 | 3242505 new game
new game's picture

don't trust anyone with a suite on and you will be better off...

Thu, 02/14/2013 - 06:31 | 3242501 new game
new game's picture

time to grill the so called Experts, and yea 75/oz for silv and 5000/oz for gold-when you fuckers? year 2025-ah agreed

too many experts all selling the same fucking books.

phys shortage everywhere???really? coming out the wazoo whereever you want it. fuck you e.s.

so you made your first billion buying early-kudos to you.

want to talk shortages, talk baning it

try to buy a pf-9 or 9mm lead

no etf fucking with those

no fed shorting thru primary buds

Thu, 02/14/2013 - 05:35 | 3242477 Cult of Criminality
Cult of Criminality's picture

Bullion cubes....Its whats for dinner.

Thu, 02/14/2013 - 09:32 | 3242718 gaoptimize
gaoptimize's picture

I have mine on rice with dandelion salad fresh from the yard.  The savings go into the other kind of bullion.

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