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Wednesday, October 19, 2011

Eric Sprott : The market has determined that gold is the reserve currency

Eric Sprott :..based on the evidence that we all see of the massive amount of silver buying vis a vis Gold where people are putting almost as many dollars in silver as they are putting in Gold but the price is fifty times different yet the same amount of money is going in and the availability for investment is in a ratio of about : there is twenty times more gold in dollars to buy than there is in silver dollars to buy for investment yet the money is going in a one to one , I know it is some kind of mathematicians but that cannot carry on something is going to give here so that's why I think that the silver price in the next decade will do better , I believe that the market has determined that gold is the reserve currency it outperformed everything by a wide wide range not even close to been comparable to anything

GOLD and SILVER MARKET

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