Eric Sprott's company recently purchased $ 200 million of silver

by Silver lining

Eric Sprott the CEO of Sprott Asset Management recently said in an interview with Greg Hunter that his company purchased $ 200million dollars of silver. He says that his company's

physical silver sales have been sky rocketing. The amount of gold and silver sales in dollars are more or less the same. The big difference is that for every one ounce of gold sold, 50 ounces of silver are being sold. The demand for physical silver are not slowing down. Considering the ratio of gold to silver available, this trend cannot continue. With gold to silver's ratio currently at more than 50 to 1, there will surely be a correction in the ratio which should bring it back to at least 15 to 1. Some commentators says that it is not far fetched to think about 5 to 1. The optimistic commentators believe that just like platinum used to be almost 3 times the price of gold, silver might become more valuable than gold in the distant future. Sprott also mentioned that if gold and silver were not manipulated gold would be around $2500 and silver $150 dollars an ounce and rising. Eric Sprott the billionaire who correctly predicted the 2008 financial crisis are extremely bullish about silver.

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Sep 03, 2015
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by: Corinne T. Craig

Silver industry is finding a rapid growth percentage with the increase in prices of gold and in future silver will become very demanding. Therefore, it is suggestible to pile loads of silver inside the house and wait for the right moment to gain huge profits.

Jul 28, 2015
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by: Gary Olsen

I have a question for you guys. If I invest in the silver industry would that profit me with the current situation? I mean, windows tech support scam would the rates of silver be in demand? I need a report on the development on this industry.

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