Talking about Mr Sprott - his comments on gold pricing etc:
6 hours ago | Angela East :
Eric Sprott knows just a bit about how to make money in mining, so when the Canadian billionaire investor gets up to address a crowd people listen.
It was no different when Mr Sprott took the stage on the second day of the Precious Metals Investment in Symposium in Perth to provide his thoughts on the gold space.
The 73-year-old — described by Bloomberg as “one of the world’s premiere gold and silver investors” — kicked off an hour-long presentation by expressing his disgust at the underwhelming forecasts for gold.
“These guys that make these forecasts have no friggin’ idea okay — and why do I say that?
“I say that because I have been doing this for 20 years and when I got involved in 2000 when [gold] was just around $US260 odd dollars, what was everyone’s forecast? 1 per cent, 2 per cent.
“And of course, the price between 2000 and 2011 went up by 750 per cent.”
Even the World Gold Council is too conservative with its forecasts, according to Mr Sprott...
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