Market Curiosity: Exploring Markets And Systems

February 12, 2011

Zero Hedge’s exclusive interview with Eric Sprott

Filed under: Just Watching — Tags: , — Jeff Fitzmyers @ 10:16 am

As Sprott has long been a rare voice of contrarian reason in a field of lemming-like uniformity… we believe the answers were vastly more interesting and illuminating than anything available for mass media consumption.

I just think of how much they’ve spent up to this point to keep this thing going. Think of all the programs they’ve initiated. QE 1, QE 2, TARP, TALF, Fannie and Freddie – it’s all adds up to trillions, so it doesn’t seem far fetched to assume they’ll institute more measures to plug the dam… I think most mainstream investors still struggle to appreciate the changes that have occurred in precious metals market since 2008. Gold is reverting back into a world reserve currency – it’s so clearly visible now. It’s one of the only asset classes that has ‘worked’ for investors and savers. And yet there remains this large contingent who continue to question its legitimacy as an asset class… There are money managers and pension trustees who refuse to view gold as a store of value. They don’t understand the value argument. It’s a peculiar thing… The commentators who call the precious metals market a bubble are laughable. Nobody owns the stuff. It’s extremely tightly held.

Meaning prices can go much higher.

Anecdotally, this Market Curiosity fledgling blog, has only an average of 30 page views per day, yet appears in the top rankings with a search of “silver sifo”. How can that be unless almost no one is writing about silver SIFO, nor silver backwardation.

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