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Eric King:  “Eric, what has you worried going forward?”


Sprott:  “These policies of supporting the financial system or the banking system are not going to work.  QE1 didn’t work, QE2 didn’t work, now we’ve got QE3 and Japanese money printing.  Central banks are (also) now buying stocks.


How much lunacy do we have to have?  Just think through it a little.  It has to stop some day.  We just can’t keep accelerating this without one of two things happening:  You are going to get a financial collapse, or you are going to get hyperinflation....


Continue reading the Eric Sprott interview below...




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“If you get hyperinflation you are going to have a financial collapse anyway because interest rates have to go up and it’s all over for governments because their cost of interest skyrockets and they are all broke anyway.  So it will not end well, one way or another.”


Eric King:  “Eric, where do you see silver headed?  Give me a number.”


Sprott:  “If gold goes to a new high this year, I think silver is going to a new high, which means above $50.  Where is it ultimately going to go?  I think it will be in the hundreds of dollars.  If gold goes to $3,000, silver is (already) going to be (trading) $150 to $250.


That’s a big, big gain from here.  You are not going to get those kinds of gains in other instruments.  You are not going to get that owning bonds or (general) stocks.  The metals are the place to be.  It’s so unfortunate that we’ve had this ridiculous selldown here in the face of all things that are great for gold.  But there are reasons that people, the central planners, may have wanted to have it down.


If it was the central planners that knocked it down, man did they lose that game because it just ignited the interest in (physical) gold and silver.  I just think we are going to be many times higher than we are today.  It’s going to be a long-run, we are going to have this bull market go on for another 5 to 7 years. 


I just don’t know how high the price is going to be (for silver).  There is total insanity going on amongst the central planners right now.  You tell me how desperate central banks are going to be and I can tell you how high the price is going to go.”


This is the third in a series of interviews with Sprott that has now been released which discusses the massive surge in demand for physical gold and silver.  Sprott also gives some extraordinary price projections for both gold and silver, and spoke about his recent activity in the silver market and more.  In addition to the written interviews, the KWN Eric Sprott audio interview is available now and you can listen to it by CLICKING HERE.


The audio interviews with Eric Sprott, Egon von Greyerz, Gerald Celente, Andrew Maguire, William Kaye, Rick Rule, Nigel Farage, Dr. Paul Craig Roberts, John Embry and Art Cashin are available now.  Also, be sure to hear the other recent KWN interviews which include John Mauldin, Marc Faber and Felix Zulauf by CLICKING HERE.


© 2013 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.


Eric King

KingWorldNews.com

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