Mining Network, Released on 3/3/25 (Recorded on 3/2/25)
What’s Eric Sprott’s secret to finding undervalued stocks? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews industry titan Eric Sprott, Chief Executive Officer of Eric Sprott Family Office, at the 2025 Prospectors & Developers Association of Canada (PDAC). Sprott discusses his early interest in precious metals, driven by the vulnerability of the NASDAQ in the late 1990s, and how gold and silver became the answer for portfolio survival. He shares insights on current market vulnerabilities, potential impacts of monetary policies and tariffs, and his continued investment strategies focused on undervalued precious metals companies. Sprott also touches on the silver market, predicting a significant rise in price due to supply deficits and manipulation.
Key points:
Focus on gold and silver as a strategic investment
Silver to ‘skyrocket’: Sprott believes silver could reach $250-$500
Sees stock market vulnerabilities: and is shorting the market
Junior exploration space: Sprott’s investment strategy
Gold forecast: Well north of $3,000 by the end of the year
00:00 Introduction: Eric Sprott’s Journey into Precious Metals
02:56 Investment Strategies and Market Insights
05:52 The Silver Market and Future Predictions
09:32 Investment Decisions and Strategies
15:32 Future of Precious Metals and Closing Remarks
Eric Sprott is a Canadian billionaire businessman with more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada’s largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Digest’s Canada’s Best Investors (2004); Ernst & Young’s Entrepreneur of the Year (2006); Investment Executive’s Fund Manager of the Year (2007); Advisor.ca’s Top Financial Visionary (2011); Terrapinn’s Most Influential Hedge Fund Manager (2012); and the 2012 Murray Pezim Award for Perseverance and Success in Financing Mineral Exploration (2013).