Sprott - We Will Go Public If They Don’t Send Us Our Silver
Today billionaire Eric Sprott spoke with King World News about his latest silver offering and how much physical silver it will vacuum out of the market. He also issued further warnings on the crumbling financial system. This is the third and final in a series of interviews with Sprott which reveals what is going on behind the scenes with the increasingly desperate Western central planners and their gold and silver price suppression scheme.
Eric King: “The financial system, the central planners are struggling to keep it together here, Eric. How do you see this playing out because the crises always accelerate in a phase like this?
Sprott: “...Whether it’s the promise of social security, Medicare, the promise of these gargantuan civil service pensions they have agreed to pay out, someone is going to find out sooner or later that what they think they are going to get, they’re not going to get....
“Essentially it will cause the currency (the US dollar) to decline materially. This is not just the case in the US, it’s the case almost everywhere in the world. I just don’t think there is a way out of this.”
Sprott also spoke about his latest silver offering and how much physical silver it will vacuum out of this strategic and critical market: “It’s around nine million ounces. For the most part we will have purchased that already. I don’t know that we have all of the delivery yet because we just had the green shoe exercised on Thursday night. So that purchase has been made, but obviously we wouldn’t have delivery yet.
I don’t think we’re going to have delivery problems. As you know, I’ve always hoped we can’t get that last bar (of silver) because we’ll publicize it. But so far the silver has come in. Again, it tightens down the market.”
Sprott also added: “... we ended up buying about 47 times more silver than gold, but it’s only available 7/1 for investment because most silver has to go into industrial uses. I just believe the consumer is speaking with his wallet. They like buying silver, and there just, ultimately, will not be enough silver to satisfy all that need.”
kingworldnews
Today billionaire Eric Sprott spoke with King World News about his latest silver offering and how much physical silver it will vacuum out of the market. He also issued further warnings on the crumbling financial system. This is the third and final in a series of interviews with Sprott which reveals what is going on behind the scenes with the increasingly desperate Western central planners and their gold and silver price suppression scheme.
Eric King: “The financial system, the central planners are struggling to keep it together here, Eric. How do you see this playing out because the crises always accelerate in a phase like this?
Sprott: “...Whether it’s the promise of social security, Medicare, the promise of these gargantuan civil service pensions they have agreed to pay out, someone is going to find out sooner or later that what they think they are going to get, they’re not going to get....
“Essentially it will cause the currency (the US dollar) to decline materially. This is not just the case in the US, it’s the case almost everywhere in the world. I just don’t think there is a way out of this.”
Sprott also spoke about his latest silver offering and how much physical silver it will vacuum out of this strategic and critical market: “It’s around nine million ounces. For the most part we will have purchased that already. I don’t know that we have all of the delivery yet because we just had the green shoe exercised on Thursday night. So that purchase has been made, but obviously we wouldn’t have delivery yet.
I don’t think we’re going to have delivery problems. As you know, I’ve always hoped we can’t get that last bar (of silver) because we’ll publicize it. But so far the silver has come in. Again, it tightens down the market.”
Sprott also added: “... we ended up buying about 47 times more silver than gold, but it’s only available 7/1 for investment because most silver has to go into industrial uses. I just believe the consumer is speaking with his wallet. They like buying silver, and there just, ultimately, will not be enough silver to satisfy all that need.”
kingworldnews