Sprott Money, Released on 12/27/24
The silver market is under intense scrutiny as issues like price manipulation by major banks and the increasing role of Gold ETFs come to the forefront. Meanwhile, the critical role of mining in sustaining supply is becoming impossible to ignore. Join Craig Hemke and Eric Sprott as they delve into these pressing themes and discuss the growing demand for silver in industries like photovoltaics and cutting-edge technologies. Could we be on the verge of a silver squeeze like never before? Explore the factors shaping the market and why strategic investing in precious #metals might be more important than ever.
00:00 Introduction: Wrapping up 2024
01:15 Central bank gold buying surges
03:45 Global deficits and currency impacts
06:00 COMEX tightness: Gold and silver squeeze
10:15 Gold price manipulation insights
15:30 The paradox of silver’s performance
20:00 Mining stocks’ tax-loss selling
25:45 Eric’s silver and gold stock picks
30:00 2025 predictions for metals
35:45 Closing thoughts: Gold, silver, and the Bills
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).
Known primarily by his nickname “Turd Ferguson,” Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.