TSXV:MOA - Post Discussion
Post by
Cousin_Gert on Nov 30, 2010 7:49am
Sprott
Following is a couple clips from the G&M interview....C.Gert
From Tuesday's Globe and Mail
Published Monday, Nov. 29, 2010 6:30PM EST
"I think gold is the reserve currency today. There is not a currency in the world that it hasn’t appreciated against by at least 300 per cent. And it has beaten every stock market. You can’t even rent a safety deposit box in Germany because they are all full of gold and silver … I am pretty convinced that gold will go a lot higher because it is under-owned as only 1 per cent of people’s money is in it. It could go to $2,000 an ounce. I could imagine it at $5,000. I am not giving a time frame on that, but I could certainly see that happening."
How much of your wealth outside of Sprott Inc. shares are in bullion and precious metals stocks?
"I only own funds and gold and silver. I am probably 90 per cent in precious metals personally. And I don’t lose sleep over it."
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C.G.
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