tag:blogger.com,1999:blog-4185740361476149540.post411596825502321662..comments2024-02-15T00:40:37.565-08:00Comments on The Biz of Life: Eric Sprott on Gold and Silver InvestingThe Grouchhttp://www.blogger.com/profile/16355057736314451831noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4185740361476149540.post-51946278249377617512011-03-10T20:29:02.896-08:002011-03-10T20:29:02.896-08:00That was an excellent summary of Sprott's posi...That was an excellent summary of Sprott's position. I am a big silver bull and have been since 2002. I used to sell gold and silver, although I quit that business in 2007. <br /><br />In my opinion, we still have a long way to go. The public is just starting to get interested in silver. The 1980 peak for silver was $50, but the inflation adjusted top is $134 (if you believe the Fed's numbers). The US Mint stopped production of Eagle coins again because they couldn't find enough silver blanks. <br /><br />The price is going up fast, but that is likely caused by a short squeeze. I expect later this year we will have a particularly nasty correction, and then silver will resume it's upward climb.<br /><br />I personally stay away from SLV and other precious metal ETFs. Their prospectuses admit that they are a derivative of metal, and that much of the bullion "holdings" are never audited.Jennifer Barryhttp://liverichly.com/noreply@blogger.comtag:blogger.com,1999:blog-4185740361476149540.post-61742510926844028712011-03-08T04:56:32.928-08:002011-03-08T04:56:32.928-08:00Thanks for that piece of info. I didn't reali...Thanks for that piece of info. I didn't realize Sprott was the ETF sponsor behind the physical Canadian precious metal shares. That would explain his bullishness. Of course, he may also be right in being bullish. Only time will tell.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.comtag:blogger.com,1999:blog-4185740361476149540.post-76401964417158893752011-03-07T18:53:03.249-08:002011-03-07T18:53:03.249-08:00I'm done buying physical silver for now. I loa...I'm done buying physical silver for now. I loaded up when it was at 13 to 15/oz. Silver mining companies are another story though, there's still room to run. <br /><br />Eric Sprott is a notorious silver bull, and as the mover behind the ETF PHYS, he well should be.101 Centavoshttp://www.101centavos.comnoreply@blogger.comtag:blogger.com,1999:blog-4185740361476149540.post-81018949395473416222011-03-07T18:15:03.128-08:002011-03-07T18:15:03.128-08:00I own a little SLV myself, would like to buy more,...I own a little SLV myself, would like to buy more, but the rapid run-up in price scares me too.The Grouchhttps://www.blogger.com/profile/16355057736314451831noreply@blogger.comtag:blogger.com,1999:blog-4185740361476149540.post-58109932764575885652011-03-07T17:37:08.285-08:002011-03-07T17:37:08.285-08:00I have a client for whom I have bought SLV and he ...I have a client for whom I have bought SLV and he keeps wanting more and it is frankly scaring me. Maybe this guys right,DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-4185740361476149540.post-2993453093788265902011-03-07T15:09:21.440-08:002011-03-07T15:09:21.440-08:00HYIPs Monitor Plan-2500% of your deposit in 2 days...HYIPs Monitor Plan-2500% of your deposit in 2 days-Got $1,250,000 in 48 hours<br />First of all I think you must assume that all HYIPs (High Yield Investment Programs) are scams, they are definitely ponzie schemes. They come and they go just like that. Dozens of them pop up everyday ready to take your AdChoicesmoney and run. They promise high returns on your investment and fast payment and you do get that for a while. They want to gain your trust. They want you to believe in them so that you will invest even more money. 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