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Eric Sprott: Banking, currency risks argue for monetary metals
TND Guest Contributor: Chris Powell |
In an interview with Dan Ameduri of Future Money Trends, Sprott Asset Management founder Eric Sprott says banking system risk and currency volatility risk argue strongly for owning hard assets like the monetary metals. Gold demand has increased so much, Sprott adds, that only central banks can be filling it. But he acknowledges that big investment houses with access to essentially infinite money can push all futures markets around at will in the short term. GATA’s work is cited. The interview is a half-hour long and can be heard at You Tube here:
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About Chris Powell:
Mr. Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He serves as the secretary/treasurer and a director of the Gold Anti-Trust Action Committee (GATA). Mr. Powell publishes GATA “dispatches” on stories relevant to the precious metals community: click here to access them and the GATA website. For additional information about precious metals, financial markets and the economy a 2 week free trial to GATA chairman Bill Murphy’s subscription service is available by clicking here. This article is reprinted on The News Doctors with permission.
Source: http://thenewsdoctors.com/eric-sprott-banking-currency-risks-argue-for-monetary-metals/
