Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Craig This is your best interview ever. You and Eric are such naturals again. I remember the old days when you and Eric spoke every month. Great Job Craig.
@@tdrive398 I don't think that those who have dissed me have come to that point of sheepish admission quite yet. Sometimes it's pride that goes before the fall, and sometimes the pride is held to the bitter end.
Just a silver salesman, duh, it's called supply and demand. I can go to the local coin shop and get silver for under $35, if was really in short supply, I couldn't.
The late Jim Sinclair once said that gold and silver would never skyrocket until the bullion banks are net long. Then they would make the most amount of money in the shortest amount of time.
I think the big banks who are “ too big to fail “ are beholding to the government and manipulate the G &. S price DOWNWARD because precious metals are the canary in the coal mine and compete with the fiat
I have 2 questions: 1. If a latent opportunity ( ie. not operating yet) is incredibly undervalued based on assets - why is it not being bought by billionnaire private investors? Why not Berkshire? Why do they need to market shares to mom-pop investors? 2. If a large operating company is incredibly undervalued based on cash flows, where is that 10% , 15% dividend yield?
We will get our social security regardless. It's just that it won't buy anything. I started drawing it as soon as I could and some of it buys silver and gold.
I bought $397 worth of dimes today at 23 times face value it was all they had in 90% I went in there with $620 to buy 90% dimes quarters and half dollars the dimes, only had dimes left to buy, they said a lot more people were buying then selling
Yes I could have, I always pay cash I do not like paper trails I use cash for everything I buy, in 2009 we became debt free and decided to only use cash after getting out of debt if we can't pay cash we do not need it
I have heard silver shortage since 2003. I am not saying that is when it started. Every time silver gets over 30,,,,,,,,, millions of ozs suddenly come to market. Between 30 and 50 is the Hunt Brother. There is a alot of silver sitting there waiting to be sold. Lest not forget that Buffet still has a bunch at 3 bucks.
@@hugohabicht9957 Musk needs silver, he's been talking about buying a mine! With a mine he can maybe better control the price of the silver he receives if high prices are perceived in the future! There isn't a mine big enough to supply Musk with an estimated one billion ounces he may need from now to 2030! And after that, who knows? Thanks @hugohabicht9957!
Glad tos hear Eric address the subject of New Found Gold, which has been a concern for me and others. Also happy to hear that he is still invested in NF, despite them being beat up by short sellers. Still expect them to be bought out like Great Bear or Osisko. Hope springs eternal.
You should do what I do.... trade agq and zsl.... you know I'll only go so high or low.... zsl is short and agq is long... both leveraged.... just keep stops tight..... I make plenty
Just found Sprott as I'm a novice in commodities. I bought the Sprott platinum ETF, then found out it's actually a good idea ! :) Ed Steer's chart of largest short positions has platinum as the second most shorted market.
What you refer to as a "silver shortage" is actually a primary deficit, which is covered each year by a small portion of the roughly 20-50 billion ounces of above-ground stockpiles (not to be confused with the much smaller warehouse inventories) accumulated over silver's monetary history. The notion of a "silver shortage" or "bullion banks' naked short selling to suppress prices" is a myth. I believed in it myself for over 15 years, but it’s simply not true. The ironic part is that even Sprott Capital estimates the above-ground silver stockpile to be around 20 billion ounces. The left hand doesn’t know what the right hand is doing
@lolly_bread the fine (not the only one a wall street bank got for criminal activity on futures market) was for spoofing, which goes both ways and obviously does not affect long-term trends. If you're interested in this case, more details are here: www.justice.gov/opa/pr/former-jp-morgan-precious-metals-traders-sentenced-prison
@@lolly_breadThe fine (not the only one a wall street bank paid for criminal activity on the futures market) was for spoofing (both ways), which obviously does not affect long-term trends. If you would like to learn more about this case, here is the link: www.justice.gov/opa/pr/former-jp-morgan-precious-metals-traders-sentenced-prison Good luck
The fine (not the only one a wall street bank paid for criminal activity on the futures market) was for spoofing (both ways), which obviously does not affect long-term trends. If you would like to learn more about this case, here is the link: www.justice.gov/opa/pr/former-jp-morgan-precious-metals-traders-sentenced-prison Good luck
The fine (not the only one a wall street bank paid for manipulating the futures market) was for spoofing (both ways), which obviously does not affect long-term trends. If you would like to learn more about this case, here is the link: www.justice.gov/opa/pr/former-jp-morgan-precious-metals-traders-sentenced-prison Good luck
@truewealth50 world wide recession will knock that down and as price rises stackers will sell into the rise tempering the price..... cycles repeat..... silver won't go really high until the world wide economy collapses.... then silver will allow you to not lose everything.
Since Eric Sprott is outspoken on naked shorts and that whole topic I like listening to him so much more. He is for real. What a difference to Rick Rule. Who knows if maybe exactly that topic led them to separating ways?? I guess we will never know.
Any other industry, with a announcement SAMSUNG just made. Would make industry go up instantly. A good eg is Lithium - Every time a car company announce they are going EV or increasing EV price goes up.
I find it delicious irony that we may have India, Russia, China and other BRICS to thank (eventually) for eliminating manipulation in the precious metals markets. Either that or they take over manipulation for their own benefit!
Silver Storm mining goes into production H2 2025. La Parrilla is underground mining if you're worried about Mexico's openpit👍. Sprott bought a lot this year.
I've been too early for over 12 years now and i'm all worn out waiting. Bought silver at over $32 back in 2012 and still haven't reached break even yet. And that's just in nominal terms! True story , unfortunately.
@gener8423 there was ample time to buy between $13-$17 in recent years, I was was buying 100oz bars at $1825 just a couple yrs ago...just sayin. Not buying now tho.
These ALL-TIME HIGHS are just 'nominal' all-time highs. Inflation-adjusted, gold really hasn't performed all that well, especially since 2011. Silver has not done much better... in fact, it's done much much worse. (Still under $30 today !!!) Folks that's the truth .
News Flash: No matter what the 'price' is in fiat currency, you will still have one ounce of gold or silver. It's 'value' will be in how much meat and bread it will get you.
As someone who is pro mining and grew up in the Yukon. The Victoria mining pad collapse is an unmitigated disaster for any kind of mining in the Yukon. Pretty mush every mine since faro in the Yukon has been a net loss for the territory, I honestly can’t see any big open pit mines happening in the territory for the foreseeable future. With that said honestly wouldn’t bee surprised if the Victoria gold disaster was an act of sabotage by the anti mining lobby in the Yukon either.
(So truth is, when bankers behind industry that needs/ wants a commodity its gonna suppress price. From there banks will steer you to something else to keep the price down. The problem is we have no real free trade, we have centralised banking controlling with proof of weapon coercion. )
Can someone please tell me, if there is a 250 million oz silver shortage, why it it I can buy any amount of silver from a plethora of online bullion dealers? For whatever the market demand is, those that must have the available silver would vacuum it up and a supply and demand scenario would be reflected in the price. As it is, we are often told that it's the paper trading that drives the price one way or the other. Well if the paper contracts never get served with physical metal, The shortages are hypothetical. My silver is about 200oz and unless some really beautiful 10oz bars or coins become available that i haven't already got, I've no plans to increase my levels of silver.
All Eric Sprott does is tout the companies that he holds an interest in, without bothering to disclose to the viewers that he owns a large percentage of them.....such as Freegold Ventures, his very favorite stock, in which he happens to own more than a third of the company.
Eric owns a LOT more companies than just the ones he mentioned. He touts his faves with numbers as to why (which is legit), but doesn't mention countless others in which he also has an interest.
Donlowe- Sprott started PSLV. Everyone is someone. The bullion banks do the everyday takedown and spoofing. He is spot on about buying ounces in ground. ASIC costs have nearly doubled. He definitely puts his $$ on the line.
@@jugodegolf I'm not saying that it is a bad investment. I am only saying that in cases like this in which he owns much of the company he is recommending, he needs to disclose that fact.
He lost me once he started to delve into the rabbit hole of disproven conspiracy theories. Maybe his target group, many gold bugs wait for the apocalypse.
Gladd to see Eric Sprott sharing his wisdom. I wonder what is going on with Sokoman = SIC and Benton = BEX? - is Eric still a major investor in those companies?
I really enjoyed listening to these two old timer, been around the block, belts & braces type guys. The sort of chaps us foreigners thought all Americans were like once, but sadly not so many any more.
The never ending years and decades long unreasonable tellings of silver shortage and precious metals price manipulation. - If there is no price movement, then there is no shortage. - There is no indication of an ongoing, constant price manipulation. What should be the sense of it? Conspiracy madness. The only manipulation that is proven is short time manipulation for minutes and hours. One can not depress the gold price years over years.
The public is out because of the manipulation of spot price and dilution of the shares and the wipeout of nearly all my capital over the last few years !
So unless that Samsung battery that should be going in Toyota's in 2 model years can be made with silver derivatives then "real silver" will go up in value. Very interesting.
If there was anything close to a 250 million ounce shortage of silver the physical bullion dealers would be selling physical silver for 10 x the current price.
The shortage has been in production, not supply! The short fall is taken from above ground reserves which are decreasing pretty fast! When above ground supply is as you suggest, the price also may be as you suggest! Thanks @johningrams5479!
What's it going to take for nickel to be its own thing it's time now that we should be able to scrap nickel and find places to sell it raw or bullion. Considering how much nickel can be scrapped out of a electric car.
It could be that the supposed shortage isn't as big a people think? I'd love higher silver prices, but there must be a supply from somewhere. Above ground storage must be quite large?
This Halloween the Great Pumpkin will really really finally show up. And Lucy will NOT pull the football away and Charlie Brown will NOT fall on his ass for the millionth straight time. 🤪
The usual pumping: ‘China/India buying, EVs’ and more blah blah. Heard it all before in 2012 when silver hit $50 and the same pumpers were predicting $200 silver. I understand that P Metals are heavily manipulated, but *everything* is IMHO manipulated…so therefore *everything* will crash when/if the manipulation ends.I bought mining shares in 2012, thinking it would go to the moon, and I patiently saw out all the downturns, yet I feel like an idiot for having trusted these charlatans. Compare miners to the SP500 since 2012, and now they’re flogging the same dead horse hoping to lure in the next generation of suckers. 🤮
Great show. Thanks. The Fourth Turning cycle theory. Not a conspiracy theory. Reason enough to do things A LOT differently than the past 40 years. Specifically moving out of the system.
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Could you kindly elaborate on the advisor's background and qualifications?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Craig This is your best interview ever. You and Eric are such naturals again. I remember the old days when you and Eric spoke every month. Great Job Craig.
If we could get rid of naked shorting of Canada's mining shares, that would be a big step.
😂 the Canadian mine list themselves to the market to get shorted for a reason.
No, it would not. Shorting improves every market. During a crash. It is the shorts that are the only ones buying.
@@brucey5585 Most are just lifestyler. CEOs working with the banksters.
@@matrixist Yeah, but with all this naked shorting, there is a volatility aspect, a sanity aspect and a ptsd aspect. It's a fraud after all.
Shorting is fine. Naked shorting... selling shares that aren't borrowed or don't even exist... is indeed a problem.
That’s a great idea. When the investment banks get caught manipulating a metal, they should pay the fine to the investors and not the SEC.
And at least be banned from trading again! thanks @s.d.crockett486!
SEC doesn't fine the Have Yachts, only the Have Nots 😢
Yes mamm
Thank you Eric and Craig...looking forward to seeing Eric in December wrap up!
It's awesome to hear these guys are openly talking about conspiracies. Their credibility in my mind goes up 1000% given such profession... ;)
So far I'm batting 1,000. Those who used to think I was stupid have sheepishly admitted they were gullible and that I've been right.
I appreciate Eric referring to David Rodgers Webb's book, "The Great Taking" as "The Great Awakening"... which was a Q thing. 😂
@@tdrive398 I don't think that those who have dissed me have come to that point of sheepish admission quite yet. Sometimes it's pride that goes before the fall, and sometimes the pride is held to the bitter end.
They are just reasonable people - like you and me 🙂
Just a silver salesman, duh, it's called supply and demand. I can go to the local coin shop and get silver for under $35, if was really in short supply, I couldn't.
My Mom knew Tim Horton when he lived in Riverside,-Buffalo NewYork.
Great to see Eric Sprott the best precious metals expert.
Regards from Poland, the Big Buyer of Gold ❤
It will be good for Poland if they will store their gold in Poland not outside. U don’t hold it u don’t own it .
If a billionaire is also frustrated, im on the right path
And he’s a billionaire why? You win dumbest internet comment of the week.
Why is that?
You are p!$$ing in the wind. Silver is dead $$$. Buy investment income generating property instead.
This is the way 👉 🥈
@kevinbelcher5241 lol. 2nd place? Silver is dead $$$. Get those snaggle teeth fixed.
Some expert(s) claims that there is no shortage of silver. Apparently enough supply from inventory, new supply, recycle and retail investors selling
The late Jim Sinclair once said that gold and silver would never skyrocket until the bullion banks are net long. Then they would make the most amount of money in the shortest amount of time.
I think the big banks who are “ too big to fail “ are beholding to the government and manipulate the G &. S price DOWNWARD because precious metals are the canary in the coal mine and compete with the fiat
It is frustrating. I read about the new solid state battery yesterday morning. Then silver dropped another 1.7% yesterday after a good week or 2.
Got to look at this in years, not days.
I have 2 questions:
1. If a latent opportunity ( ie. not operating yet) is incredibly undervalued based on assets - why is it not being bought by billionnaire private investors? Why not Berkshire? Why do they need to market shares to mom-pop investors?
2. If a large operating company is incredibly undervalued based on cash flows, where is that 10% , 15% dividend yield?
I remember the good times when Craig had a weekly podcast/talk with Eric Sprott. Back then it was always a Must listen on each weekend.
I love when Eric Sprott graces us with his appearance and wisdom. I believe I've seen them all! Thanks Sprott Money, Craig Hemke and Eric Sprott!
We will get our social security regardless. It's just that it won't buy anything. I started drawing it as soon as I could and some of it buys silver and gold.
@@danielturner9832 Great to be an optimist! Thanks!
Really? He sounds like a pumper.
To the moon, TO THE MOON I SAY!!!!😂😂😂😂😂😂
@@stevewoods8116 Yes! And we can even jack-up the moon a little too! Thanks @stevewood8116!
Eric Sprott and Craig hemke thank you for the great content God bless you you both have a great weekend ahead
Blackrock Silver is right up there in ounces with Discover Silver. And Blockrock's silver is in Nevada!
What's bigger than silver? Blackrock Bitcoin ETF
I bought $397 worth of dimes today at 23 times face value it was all they had in 90% I went in there with $620 to buy 90% dimes quarters and half dollars the dimes, only had dimes left to buy, they said a lot more people were buying then selling
I've been hearing mixed stories on whether there's been more buying or selling. Wonder if that has to do with location.
So you got what, 3 rolls?
Couldn't you find it cheaper on line?
Yes I could have, I always pay cash I do not like paper trails I use cash for everything I buy, in 2009 we became debt free and decided to only use cash after getting out of debt if we can't pay cash we do not need it
This is the first time I have really listened to Eric - I know, where have I been! What a great guy. Thank you guys 🙏🏻
Great to see Eric again
Always a treat to see Eric Sprott! Don't forget Samsung's new silver battery! Long range, long life! WE WILL SEE!
Toyota is working on a solid state battery for 2 or 3yrs as well. I think theirs has 800 - 900 mile range
since 25 years now i her new battery ,solar ,silver defezit , bla bla ev . bla bla
If it’s anything like their appliances, I don’t want it
@@normal_norm2627BOTH ARE WORKING TOGETHER ON S.S. BATTERY.
Classic blast from the past. Been hearing this for 20 years. Same hype. New year.
Next month COMEX LBMA will default
Strangely you seem to be right.
"Undervalued" LOL.
@@gener8423 hope so
I have heard silver shortage since 2003. I am not saying that is when it started. Every time silver gets over 30,,,,,,,,, millions of ozs suddenly come to market. Between 30 and 50 is the Hunt Brother. There is a alot of silver sitting there waiting to be sold. Lest not forget that Buffet still has a bunch at 3 bucks.
Millions of ozs of paper contracts you mean…
@@wiggelypiggely123 ahmmmmm no
The Musk Man could splash in on a few billion dollar purchase and take physical delivery...the game ends instantly
@@KingKong-li2lgWhy would he
@@hugohabicht9957 Musk needs silver, he's been talking about buying a mine! With a mine he can maybe better control the price of the silver he receives if high prices are perceived in the future! There isn't a mine big enough to supply Musk with an estimated one billion ounces he may need from now to 2030! And after that, who knows? Thanks @hugohabicht9957!
Eric always makes some great points 💫💫💫
Great converstion.. impressed Eric is enlightened regarding all conspiracies. ❤
Great stuff, thanks again!
Favorite Christmas Carol. Burl Ives- Silver and Gold
Martina McBride's rendition of "O Holy Night"... played loud. 🥰
I'm Yukon Cornelius hello
@@RedeemedPatriot76 Yukon was a Peppermint Hunter! 😄😋
Sprott is the man. He’s in downtown Toronto.
RFK Jr will make a great Atty General and Tulsi as Secretary of State.
I'm prayin!
Glad tos hear Eric address the subject of New Found Gold, which has been a concern for me and others. Also happy to hear that he is still invested in NF, despite them being beat up by short sellers. Still expect them to be bought out like Great Bear or Osisko. Hope springs eternal.
Iv been hearing about these silver shortages for over a decade and price tells me that not the case. No where near all time highs.
You should do what I do.... trade agq and zsl.... you know I'll only go so high or low.... zsl is short and agq is long... both leveraged.... just keep stops tight..... I make plenty
Eric is the man!
Freegold trading at 10$/oz in the ground... How do you arrive at that conclusion? What's the formula?
Just found Sprott as I'm a novice in commodities. I bought the Sprott platinum ETF, then found out it's actually a good idea ! :) Ed Steer's chart of largest short positions has platinum as the second most shorted market.
I still remember Sprott boasting about silver at 500 $ any day soon when we reached 50 $ ... 15 years ago.
i am cashing out, so tired of these "almost there" stories ... changing to gold would have been the smart thing to do
Gold is the Big Boy…..
Gold went through the same frustrating dip. Just because it's first out of the dip doesn't mean anything.
Weak hands buy more in these lows.
Silver can’t keep up with inflation during a tech & green boom that is consuming it faster than it is mined. 😮
@@trp2413 So, silver up 17.7 % in 1 year. What's your inflation rate then ?
Fun interview. Thoroughly enjoyed it. Thank you!
Thanks for the excellent information.
What you refer to as a "silver shortage" is actually a primary deficit, which is covered each year by a small portion of the roughly 20-50 billion ounces of above-ground stockpiles (not to be confused with the much smaller warehouse inventories) accumulated over silver's monetary history. The notion of a "silver shortage" or "bullion banks' naked short selling to suppress prices" is a myth. I believed in it myself for over 15 years, but it’s simply not true.
The ironic part is that even Sprott Capital estimates the above-ground silver stockpile to be around 20 billion ounces. The left hand doesn’t know what the right hand is doing
So I guess J P Morgan paid a 920 million mythical dollars fine for manipulating mythical commodities. Maybe layoff the Jim Beam pal.
@lolly_bread the fine (not the only one a wall street bank got for criminal activity on futures market) was for spoofing, which goes both ways and obviously does not affect long-term trends. If you're interested in this case, more details are here: www.justice.gov/opa/pr/former-jp-morgan-precious-metals-traders-sentenced-prison
@@lolly_breadThe fine (not the only one a wall street bank paid for criminal activity on the futures market) was for spoofing (both ways), which obviously does not affect long-term trends. If you would like to learn more about this case, here is the link: www.justice.gov/opa/pr/former-jp-morgan-precious-metals-traders-sentenced-prison
Good luck
The fine (not the only one a wall street bank paid for criminal activity on the futures market) was for spoofing (both ways), which obviously does not affect long-term trends. If you would like to learn more about this case, here is the link: www.justice.gov/opa/pr/former-jp-morgan-precious-metals-traders-sentenced-prison
Good luck
The fine (not the only one a wall street bank paid for manipulating the futures market) was for spoofing (both ways), which obviously does not affect long-term trends. If you would like to learn more about this case, here is the link: www.justice.gov/opa/pr/former-jp-morgan-precious-metals-traders-sentenced-prison
Good luck
I'm another old guy that enjoys you both and happened to have worked for Homestake Gold Mine in 1973. A mile down and across.
Silver and miners are going nowhere with gold appreciating 500 USD.
Most are run by scammers who pay themselves big salaries to dilute shares.
SIlver always lags gold by several months. It's only a matter of time.
The Great Sarnac speaks. Pfffttt...
The industrial demand alone is greater then 1.4 billion oz yearly demand.we only mine 800 million per year...do the math.
@truewealth50 world wide recession will knock that down and as price rises stackers will sell into the rise tempering the price..... cycles repeat..... silver won't go really high until the world wide economy collapses.... then silver will allow you to not lose everything.
Since Eric Sprott is outspoken on naked shorts and that whole topic I like listening to him so much more. He is for real. What a difference to Rick Rule. Who knows if maybe exactly that topic led them to separating ways?? I guess we will never know.
Rick is a member of the "black eye club"...probably has something to do with it.
When did the separation happen?
@@artsmith103 The search function might know
@@artsmith103 he left in 2021 but is still their largest stockholder(that may have changed but Rule recently stated that himself)
Rick gives alot of good advice, but we all tell him what we're holding for a free ranking. Then what does he do with that data?
Thank you Eric for mentioning FVL and offering your opinion on it's "real" value and buyout potentials
The Daddy Eric👌excellent I so love him. Thank you both 🙏🙏
Any other industry, with a announcement SAMSUNG just made. Would make industry go up instantly. A good eg is Lithium - Every time a car company announce they are going EV or increasing EV price goes up.
I find it delicious irony that we may have India, Russia, China and other BRICS to thank (eventually) for eliminating manipulation in the precious metals markets. Either that or they take over manipulation for their own benefit!
Silver Storm mining goes into production H2 2025. La Parrilla is underground mining if you're worried about Mexico's openpit👍. Sprott bought a lot this year.
It is better to buy silver too early than too late.
Or not at all... Get on a faster horse. Bitcoin
How about $50 in 2011
I've been too early for over 12 years now and i'm all worn out waiting. Bought silver at over $32 back in 2012 and still haven't reached break even yet. And that's just in nominal terms!
True story , unfortunately.
@@gener8423 sold all my silver at beginning of pandemic around 26 ounce and bought Bitcoin around 15000... Where is silver today? Bitcoin over 60000
@gener8423 there was ample time to buy between $13-$17 in recent years, I was was buying 100oz bars at $1825 just a couple yrs ago...just sayin. Not buying now tho.
These ALL-TIME HIGHS are just 'nominal' all-time highs.
Inflation-adjusted, gold really hasn't performed all that well, especially since 2011.
Silver has not done much better... in fact, it's done much much worse. (Still under $30 today !!!)
Folks that's the truth .
News Flash: No matter what the 'price' is in fiat currency, you will still have one ounce of gold or silver.
It's 'value' will be in how much meat and bread it will get you.
What good does it do to stop trading on gold and silver?
10 minute to full recharge is how many amperes? A mere 1 megawatt charger should handle that. Not gonna happen for any but an elite few.
Thank you Eric, and Craig. I have subscribed.
As someone who is pro mining and grew up in the Yukon. The Victoria mining pad collapse is an unmitigated disaster for any kind of mining in the Yukon. Pretty mush every mine since faro in the Yukon has been a net loss for the territory, I honestly can’t see any big open pit mines happening in the territory for the foreseeable future.
With that said honestly wouldn’t bee surprised if the Victoria gold disaster was an act of sabotage by the anti mining lobby in the Yukon either.
(So truth is, when bankers behind industry that needs/ wants a commodity its gonna suppress price. From there banks will steer you to something else to keep the price down. The problem is we have no real free trade, we have centralised banking controlling with proof of weapon coercion. )
Craig, this was great!
Can someone please tell me, if there is a 250 million oz silver shortage, why it it I can buy any amount of silver from a plethora of online bullion dealers?
For whatever the market demand is, those that must have the available silver would vacuum it up and a supply and demand scenario would be reflected in the price. As it is, we are often told that it's the paper trading that drives the price one way or the other.
Well if the paper contracts never get served with physical metal, The shortages are hypothetical.
My silver is about 200oz and unless some really beautiful 10oz bars or coins become available that i haven't already got, I've no plans to increase my levels of silver.
There's a possibility COMEX LBMA could default next month through Chinese, Indian physical demand
Ya, Canadá has 0 gold. But I do! I have more physical than the government of Canada😅
Excellence! ✨🪙✨
In a country with foolish & or conniving government.
Don't let Turdeau find out, his goons will raid you in the middle of the night.
It was only about 10 years ago when silvercouldbe had for $15 per oz.
All Eric Sprott does is tout the companies that he holds an interest in, without bothering to disclose to the viewers that he owns a large percentage of them.....such as Freegold Ventures, his very favorite stock, in which he happens to own more than a third of the company.
If it is his favourite stock isn’t it self evident that he would own it?
Eric owns a LOT more companies than just the ones he mentioned. He touts his faves with numbers as to why (which is legit), but doesn't mention countless others in which he also has an interest.
@@fibonacimike4110yes but he should disclose that, otherwise all people listening to him buy and drive up stock price and he’s making money
Donlowe- Sprott started PSLV. Everyone is someone. The bullion banks do the everyday takedown and spoofing. He is spot on about buying ounces in ground. ASIC costs have nearly doubled. He definitely puts his $$ on the line.
@@jugodegolf I'm not saying that it is a bad investment. I am only saying that in cases like this in which he owns much of the company he is recommending, he needs to disclose that fact.
Highland copper in upper Michigan has a copper silver mine almost ready to dig. Looking for investors.
Silver is under $30 because the banks are pissed about the Silver Squeeze movement. They’re going to hold silver down for as long as possible.
Sprott, the Goldfather. The Warren Buffet of metals.
He lost me once he started to delve into the rabbit hole of disproven conspiracy theories. Maybe his target group, many gold bugs wait for the apocalypse.
@@marcohandmann4843 Don't let the door hit you on they way out, bye bye
That was terrific gents thxu 👍
Have Yourself a Merry Little Christmas
Gladd to see Eric Sprott sharing his wisdom. I wonder what is going on with Sokoman = SIC and Benton = BEX? - is Eric still a major investor in those companies?
SIC is sick
great review and deeply apprec the suggested mining compnies with potential
I really enjoyed listening to these two old timer, been around the block, belts & braces type guys. The sort of chaps us foreigners thought all Americans were like once, but sadly not so many any more.
Great report & conversation. 👍 I shared this out on my community tab ☑
No instagram, but I appreciate the generosity.
The never ending years and decades long unreasonable tellings of silver shortage and precious metals price manipulation.
- If there is no price movement, then there is no shortage.
- There is no indication of an ongoing, constant price manipulation. What should be the sense of it? Conspiracy madness. The only manipulation that is proven is short time manipulation for minutes and hours. One can not depress the gold price years over years.
...hopefully this will spark some interest in our dormant bonaza-grade silver mine...
Stavros in Florida says really good video and guest and Mr Sprott thoughts.
Thanks for the update 🙏🌹🙏
They are no longer called "conspiracy theories" the new term is "spoiler alerts". Just sayin'!!
That ought to make the price drop a few cents.
Would like to know his thoughts on Wallbridge? Big position for him still
LOL, Wallbridge in the sewer.
The public is out because of the manipulation of spot price and dilution of the shares and the wipeout of nearly all my capital over the last few years !
So unless that Samsung battery that should be going in Toyota's in 2 model years can be made with silver derivatives then "real silver" will go up in value. Very interesting.
Trouble is 1 in 500 mines makes it. Far to many if's buy physical
If there was anything close to a 250 million ounce shortage of silver the physical bullion dealers would be selling physical silver for 10 x the current price.
@@DragonbhatThanks man. I am Sick and tired of it as well. Silver is properly priced the way it is. There is no shortage
The shortage has been in production, not supply! The short fall is taken from above ground reserves which are decreasing pretty fast! When above ground supply is as you suggest, the price also may be as you suggest! Thanks @johningrams5479!
What's it going to take for nickel to be its own thing it's time now that we should be able to scrap nickel and find places to sell it raw or bullion. Considering how much nickel can be scrapped out of a electric car.
It could be that the supposed shortage isn't as big a people think? I'd love higher silver prices, but there must be a supply from somewhere. Above ground storage must be quite large?
Eric ROCKS. ❤
Did the guest say “3 Gold Ventures” or “Free Gold Ventures” ?
Freegold Ventures (FVL on the Venture Exchange)
most miners dont pay dividends so you have to sell your investment and pay capital gains to make a profit.
Buy it in your TSFA.
So why are the buyers not paying at least spot for my silver? If there is really a shortage
Thank you!
This Halloween the Great Pumpkin will really really finally show up. And Lucy will NOT pull the football away and Charlie Brown will NOT fall on his ass for the millionth straight time. 🤪
Trade zsl and agq.... I make lots.... silver will eventually go way up.... but we will be living in hell.... until then, make fiat
The usual pumping: ‘China/India buying, EVs’ and more blah blah. Heard it all before in 2012 when silver hit $50 and the same pumpers were predicting $200 silver. I understand that P Metals are heavily manipulated, but *everything* is IMHO manipulated…so therefore *everything* will crash when/if the manipulation ends.I bought mining shares in 2012, thinking it would go to the moon, and I patiently saw out all the downturns, yet I feel like an idiot for having trusted these charlatans. Compare miners to the SP500 since 2012, and now they’re flogging the same dead horse hoping to lure in the next generation of suckers. 🤮
Just grabbed a little jaguar. Great show as usual.Thanks guys!
I don’t know of any central banks that purchase silver but until they do I think silver will remain undervalued?
Go Freegold go! I love his enthusiasm. I agree. It's crazy cheap. I wish he said he won't sell for less than $100/oz. He owns 30% of the company.
Thank you Eric!
Two of the best here!
Time stamps would be helpful. Thanks for the interview!
Silver shortage silver drops 1.00
Such a wealth of information (no pun intended) thanks to you both 😊❤️
Great show. Thanks. The Fourth Turning cycle theory. Not a conspiracy theory. Reason enough to do things A LOT differently than the past 40 years. Specifically moving out of the system.