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Eric King:  “The financial system, the central planners are struggling to keep it together here, Eric.  How do you see this playing out because the crises always accelerate in a phase like this?


Sprott: “...Whether it’s the promise of social security, Medicare, the promise of these gargantuan civil service pensions they have agreed to pay out, someone is going to find out sooner or later that what they think they are going to get, they’re not going to get....


Continue reading the Eric Sprott interview below...




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“Essentially it will cause the currency (the US dollar) to decline materially.  This is not just the case in the US, it’s the case almost everywhere in the world.  I just don’t think there is a way out of this.”


Sprott also spoke about his latest silver offering and how much physical silver it will vacuum out of this strategic and critical market:  “It’s around nine million ounces.  For the most part we will have purchased that already.  I don’t know that we have all of the delivery yet because we just had the green shoe exercised on Thursday night.  So that purchase has been made, but obviously we wouldn’t have delivery yet.


I don’t think we’re going to have delivery problems.  As you know, I’ve always hoped we can’t get that last bar (of silver) because we’ll publicize it.  But so far the silver has come in.  Again, it tightens down the market.” 


Sprott also added: “... we ended up buying about 47 times more silver than gold, but it’s only available 7/1 for investment because most silver has to go into industrial uses. I just believe the consumer is speaking with his wallet.  They like buying silver, and there just, ultimately, will not be enough silver to satisfy all that need.”


Eric Sprott’s eagerly anticipated audio interview has now been released!  You can listen to it by CLICKING HERE.


Sprott also discussed a player which is poised to begin buying silver in size and how this will dramatically impact the market.  He also spoke with King World News at length about gold and silver, and let KWN listeners around the world know which metal will be leading the market as they take off to the upside this time.


This is the third and final in a series of interviews with Sprott that has now been released which reveals what is going on behind the scenes with the increasingly desperate Western central planners and their gold and silver price suppression scheme.  This is also the first interview where Sprott has been able to discuss the silver market because the offering is now closed. 


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The interviews with Eric Sprott, Gerald Celente, Stephen Leeb, James Turk, Egon von Greyerz, Michael Pento, Wilbur Ross, Don Coxe (BMO $538 billion) and Ben Davies are available now.  Also, be sure to listen to other recent KWN interviews which included Art Cashin (UBS $612 billion), and Nigel Farage by CLICKING HERE.


Eric King

KingWorldNews.com

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