PINL:VLTAF - Post by User
Comment by
jdn55on Mar 26, 2013 10:11am
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Post# 21167881
RE: RE: RE: SPROTT SAYS A LOTT
RE: RE: RE: SPROTT SAYS A LOTT Interesting post on the CSI board today. Basically it's a press release from ABN Amro (large Euro bank) stating that holders of physical gold on deposit with the bank can no longer take delivery of their physical gold and can only settle for cash. You would think that would get gold bugs like Sprott buzzing.
I'm not a huge Sprott fan. Perhaps it's denial in the sense that if what's he say's is true were all flocked in that things will break down badly around the globe. With that said I have to admit his past track record has been good and he's become a very wealthy man based on his track record. There's also a certain rationale to what he has been saying.