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« UKIP Nigel Farage, EU no better than a banana republic | Main | We Buy Gold! »
Sunday
Feb102013

Eric Sprott - Expect $200 Silver As Financial System Implodes

Today billionaire Eric Sprott told King World News, “I’m sure we’ll be seeing $100 and $200 prices for silver.”  Sprott also said that despite the advance in global stock markets, “There is no doubt that the path we’re on is not sustainable both for the economy, and for the financial system.”

Here is what Sprott had to say:  “We had a negative print on GDP in the 4th quarter.  The fact is I think we are on shaky ground.  The shakiest part of the ground is the new numbers put out by the Department of the Treasury showing under GAAP what the true deficit was last year. 

To read this article in full please click here.

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Reader Comments (2)

Dear Editor
On several occasions through the last 5 years I have commented on the coming end game of the Finacial Elites and you and Sprott along with others seem to shy away from the reality of our demise as a nation with unsustainable obligations and public debt. You do this by not mentioning or commenting on the end game of what will become of us as a soveriegn nation and what the outcome maybe after our nation has jump off the cliff. Will we survive the fall ? or will we be slaves to the EU or to the banking Elites? just like the sex slaves traders of the world who use debt to enslave people. Do we become another third world nation? Do we lose our liberties because of our debt and will our form of goverment change from what is today??.
Many times you and your financial kronies mention how much debt our nation owes without ever focusing on what will happen to us as a nation if we fail financially.
Sir what is the outcome in all this? what is the future reality of our failure?
I am very concern about this lack of reporting on your part and on the part of Sprott and the likes.
It is one thing to impose fear mongering but if the perverbial shit will undoubtably hit the fan
then we need to have the dislikied facts of the end game reported to all of us and have reality set in!!!
Sincerely
Doug Grant

February 11, 2013 | Unregistered CommenterDoug Grant

Good Day Doug,

First of all I can only speak for me and not for Eric Sprott or anyone else for the matter.

My own view is that this story does not have a happy ending. Debts, money printing, inflation, unemployment, social unrest, hyperinflation and chaos. A financial re-set in some form will follow, but I'm not smart enough to know exactly what form it will take.

Sorry I can't be more help.

Take care

February 15, 2013 | Registered CommenterSilver Prices

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