Rick Rule - Gold Mania & Sprott’s Letter to SilverGreetings Paul,
I hope all is well and that everything you've been working on over the last few months is moving GNG towards a fantastic 2012!
I would like to get you opinion of Rick's comments below and if you concur with both him and Eric's "battle cry"
Looking forward to reading your feedback!
Rick Rule - Gold Mania & Sprott’s Letter to Silver Producers
https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/1_Rick_Rule_-_Gold_Mania_%26_Sprotts_Letter_to_Silver_Producers.html
Rick "
“Ithink it’s brilliant and I think the silver producers ought to listen, inparticular some of the small silver producers where Eric owns more of thecompany than their senior managers do. The fact is that silver producers arebeing asked by their shareholders to have a view on the silver price, not merelyto have a view about their salaries andoptions.”
“Thesilver investors, by and large, are silver-centric and believe in higher silverprices. And certainly the idea that investors would invest in a company thatgives them some relief from the economic consequences of owning fiat currency,only to have the company that they had invested in store its own wealth in thatsame fiat currency is an absurdity.
WhatEric has asked the silver industry to do is hold about 25% of its savings inphysical metal. This theoretically would do two things for the shareholder.(One) Increase exposure to a commodity that they invested in the share to getexposure to in the first instance, and (two) shelter the shareholder from thedepredation that they might experience from increased devaluation of the dollarsand euros that the companies would otherwise hold their reservesin....
“Ihope and in fact suspect that the mining company managements will pass this IQtest which Eric has proposed to them.”