Sprott Knows Where the POG is GoingMany of us minions at the bottom of the food chain are out of the loop. The billionaires like Eric Sprott know what the future POG looks like.
And it doesn't look like $1900 Gold. It looks like $3500 plus Gold. And that's why he is getting his ounces in the ground. He doesn't want paper. He wants physical Gold.
As the smart money dumps the S &P and the Dow and the Nasdaq, there is only one place to go and that it Gold. For many, it has been buying physical Gold. Eric Sprott does that but he is buying much of his Physical Gold and Silver in the ground, where its upside is highly leveraged.
The reality of the situation will dawn on us soon enough, and I am speaking of the new paradigm. And that new paradigm is to hold your ounces in the ground.
Sprott has been signalling what he is thinking but it is possible to misunderstand his end game because of all the noise.
We are not going to have to wait too long to see this. Dramatic moves are taking place before our eyes.
SPA is in a safe jurisdiction.
Catch this video and see what you think.
gold price to $4,500 – Bloomberg Intelligence