OTCQX:BGMZF - Post by User
Post by
halcroon Mar 21, 2016 2:08pm
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Post# 24684343
Friday, March 11, 2016: Sprott...I believe what I believe
Friday, March 11, 2016: Sprott...I believe what I believehttps://ericsprott.blogspot.ca/
Money manager Eric Sprott has not lost his faith in owning physical gold and silver. Sprott contends, I dont lose any sleep over the price of gold going down in the sense that I believe what I believe. I believe its been manipulated.
Its very much about currency and economics of the Keynesian scheme that were going to spend money, print money and its all going to work. Its not working. I dont want to wait and find out the day it falls apart because when it falls apart someday, then it will be too late. I want to be positioned beforehand. I can remember shorting stocks before March of 2000.
It was a bit of a rough ride for three months, but my gosh, when it rolled over . . . you have to be a little bit early on things. I believe the last four years have been orderly and created to be difficult. I think gold would have gone up, but they could not stand for it to go up because they were printing money.
If you are printing money and gold goes up, everybody figures it out. . . . Ive been around for a while, and I have the patience to hang in there. I have been a buyer of gold stocks, and so I am hopeful this will end up being a very, very rewarding trade.