If you haven’t watched James Turk’s interview with Eric Sprott – you need to. Just spend the 30 minutes to watch it. If you absolutely can’t – here’s a brief takeaway.
They acknowledge the fact that at some future date, gold could become overvalued. Turk goes on to ask Sprott – “what would make you sell?”
Sprott’s response is that he would sell under three conditions:
- If he sees a mania in the market (e.g. Nasdaq circa 2000)
- If governments and central banks become responsible (fat chance)
- If it becomes the reserve currency.
Sprott goes on to note that the probability of a mania in gold is very high. Interest in the metal is building all around the world. But we’re not there yet.
For the silver lovers out there, Sprott does not disappoint – going on to claim that, in his opinion, silver today is what he would consider a very safe investment.
I still believe that an investment in silver is a very safe investment today. When we look at the data points, they scream at us that it’s undervalued. -Eric Sprott
Enjoy the interview.
