With the Greek crisis nearing a climax, The Doc spoke with Eric Sprott of Sprott Asset Management this week to discuss the Euro debt crisis, silver fundamentals, and the sourcing of silver for the PSLV's recent $350 million follow-on offering. Eric also discusses his goal in life to have a silver issue where he is unable to source the last bar, his attempts to convince silver mining companies to understand and believe in their own products, as well as his efforts to convince hedge funds and institutions to consider the silver market.
Watch the entire 3-part interview below:
Part 1
Part 2
Part 3
For information on the launch of SD Bullion, click here
Further information on SD Bullion including launch date and Grand Opening Sale will be available soon!
Check back at SilverDoctors later this week for the full transcript of Eric Sprott's exclusive interview with SilverDoctors.com!
31 comments:
It must be a major ontaking to receive that much silver. Not only just the inventory, but what about testing?
Is there an in-house certification as each bar comes in through the door to the shelf?
I noticed an old bank, block/brick, marble sitting idle. Do you think there might be a potential for holding facilities independent of the banking system in the near future?
Sourcing the last bar ....... Gives me a woody!
So does Mr Sprott care to clarify what is going on? http://kiddynamitesworld.com/confidential-to-eric-sprott/#disqus_thread
"to have a silver issue where he is unable to source the last bar"
Would someone mind explaining to this noobie what that means?
8:28 - ain't none left.....
kid dynamite is a fag
I'd put up the cash for that last bar. There's no doubt in my mind that it would come from Eric Sprott's personal holdings.
Tiburonsmoke
Kid Termite bites rotten wood. A paid by the silver manipulating banks he is, says Yoda.
AC_Doctor
Noobie: Sprott meant that one of his goals in life is to break the paper market- to place an order for physical silver, and basically be defaulted upon because the person selling him the silver is unable to source the bullion to meet the delivery.
-Doc
Noobie: More to the point; when the last bar of phyzz is sold there are some very powerful people who live under a helicopter who have something like 100 times the amount of silver above ground in naked short contracts. They will have no way to deliver, you recall Eric said more and more traders are opting for delivery rather than cashing out of their contracts. Most people who trade in commodities don't want actual delivery. Who wants a bushel of wheat of a barrel of oil.
When the paper psychosis is broken the real price will be determined by actual supply / demand and the price will go way up, which will increase demand. It will prolly go parabolic, overshoot, and even then it will settle on a steady state value way above where it is now.
As for money in the bank, thanks to fractional reserve banking you're looking at currently receiving almost no interest, which is negative after inflation, and either of two risks in the future: 1) the bank fails and you lose your paper, 2) the bank you chose gets bailed out and your paper gets closer to it's intrinsic value.
I think the intrinsic value of silver is higher than the current price, and the intrinsic value of paper is, well, basically zero.
Anonymous said... at February 20, 2012 11:41 PM
This post nailed the hide to the barn door
nothing more need be said
Nice job Doc.
Hey DOC: you gotta post this... everyone needs to see this.
This guy is names Russell Oliver: he's a jewler in toronto and buys your gold and diamond.... in a recent commercial he painted himself silver and says he will now buy all your silver and is paying top dollar for your sterling silver!!!!!
http://www.youtube.com/watch?v=OF3cYlgLXbc&feature=related
"One of My Aims in Life is to Have a Silver Issue Where I Can't Source the Last Bar"
I hope Mr Sprott has someone to taste his food before he eats it...
Eric Sprott's a badass. I hope he lives a long life.
Ditto for Ron Paul. During his talk in Seattle the other day, he totally went for the juglar regarding the "Federal" reserve. I don't think most people realize the bravery involved.
Doc:
You expecting Tuesday to be so awful that you skipped it completely?
Eric Sprott is the silver world's Lord Humungus.
May he live long and prosper.
A great interview exclusively here on SD.
Thanks,Doc
I read a piece the other day how Andrew Macguire, who instigated the class action against the bullion manipulators had an attempt made on his life, as a car attempted a drive-by "Hit and run" and when the police finally caught up with the culprit, nothing more was heard from the case... Curious? No just the murky world of high finance where too few control the wealth or lack thereof of the many. Silver as (and Gold) is the antidote!
W.
'My one aim in life is to have a silver issue where I can't source the last bar'................ Is he for real? His one aim in life!! Does he not care about anyone, kids, mother? Is silver all he cares about?
From being a hero in the silver world, he is becoming a little too much, and possibly a dominant social theme (or promotion) of the elites themselves.
Who says this type of thing, except someone who is acting?
@ 5:36
maybe a business man who talks business when appropriate, it's not like he's trying to get your vote...
@Anonymous 7.10am: According to the title of the piece, he actually said, "One of my aims in life is to have a silver issue where I can't source the last bar."
A noble aim indeed.
Tiburonsmoke
@Anonymous 7:10 -
If Eric Sprott is acting, then I approve of his show.
For those of you who are interested in purchasing gold and silver bullion, Eric Sprott also owns a private company called Sprott Money. I personally like to buy previous metals from him because it is reputable and convenient. Their pricing is also very competitive! And the best part is that they do not report any of their transactions to the CRA or the IRS.
Here’s Sprott Money’s website and toll free hotline if you’d like more info on them:
http://www.sprottmoney.com
1-888-861-0775
Good luck with your investment and happy purchasing!
Morgan Stanley Commodity Thermometer Update available at Zero Hedge. Bullish on Gold, corn soybean and silver. Gold is good (can't afford it) corn is useless (same in and out), soybean (good for you but tastes nasty) silver (Ah yes. I think I'll go here). Sprott and silver is a great combo.
2 OZ.
The quote is : One of My Aims in Life is to Have a Silver Issue Where I Can't BUY the Last Bar
Nope!!
The best part is when he says that he checks out THIS BLOG every day!!!
Thanks for the MEDS, Doc!!
Great interview Doc, it's always great to hear Sprott telling it like it is.
Doc, a wonderful sit-down with a real financial giant in our time. Forget Buffet, Buffet(like an old, gnarled oak tree) has stagnated for years, and hasn't grown in real terms for his investors because he sold out to the system.
Eric is fighting the system, and attempting to get ahead of the monetary implosion, so that he can help create a better, new system when the old one dies. Brave man. Thanks again!
-Cleburne61
Thank you for providing this interview. Eric Sprott is working hard for everyone investing in silver. We need fair valuation and an end to the paper dragon shorts. Eric nailed it when he said silver would go to 50. Obviously it would be very wise to follow this market closely. In the history of the world, all empires have fallen and currencies were corrupted on the way down. Eric is a light in this paper sunami.....Time to get serious folks.
Sprott on, I mean spot on ANAON 10:56.
2 OZ.
Is he taking all his silver to heaven, seems like he could do better helping all the staving people of the world with that silver instead of being a selfish hoarder. What shall it benefit a man to gain the whole world yet lose his SOUL !
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