Saturday, July 30, 2011

Eric Sprott: Gold/Silver Ratio Can't Stay at 40:1 When the Public is Investing Funds 1:1 into Gold & Silver

Excellent interview of Eric Sprott from the Financial Sense NewsHour 7/27/2011.

When we did the first gold trust, we raised $440 million.
When we did the first silver trust we raised $550 million.
So far this month the US mint has sold $100 million worth of silver coins, and they've sold approximately $55 million worth of gold coins.
You can't have the public invest their funds 1:1 into gold and silver and have the silver/gold ratio stay at 40:1!