Eric Sprott reiterated his well-known views on gold and silver the former he called the investment of the decade and the latter the investment of the next decade. Sprott was among the Keynote speakers at this year's event which attracted potential investors looking to learn more about investment in commodities and mining companies (mostly junior miners), with the featured speakers being big attractions for the audience.
Sprott's comments covered what virtually all the precious metals bulls see as the key drivers of the markets, namely the U.S deficit, excess printing of money by most major economies, the political unrest in the Middle East, North Africa and elsewhere, the depreciation of the dollar, accelerating global inflation, fear of debt defaults, the growth of wealth and investment in gold and silver in Asia etc.
Coupled with the raising of margin requirements on COMEX, he saw this as a major effort by some of those with huge silver short positions to mitigate some of their losses. "If this doesn't show market manipulation I don't know what does" said Sprott. "Think about what's really going on" he opined, "Not what the establishment wants you to think is going on!" Taylor puts total debt at $57 trillion if you take into account not only Federal debt, but state and municipal debt, credit cards etc. He reckons U.S. government policy is failing as in the 1930s when there were years of depression, high unemployment etc. He too pointed to the real price of gold rising in what has been the bull market of a lifetime.
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