Max Keiser, in a recent interview, brought in Eric Sprott to give his opinions on silver. Eric calls silver the “investment of the decade” and says that, “I Will Be a Buyer Of Silver Today. I Will Be A Buyer Of Silver Tomorrow.” Eric sees both gold and silver as commodities where demand will exceed supply. He was turned onto silver about 12 months ago because he saw people buying silver and felt that there would not be enough silver to buy.
When asked why he recently sold units of the the Sprott Physical Silver Trust ET (NYSE:PSLV), Eric said that every dollar sold, was placed back into silver. He has no fear of silver and is looking at silver going 16:1 to gold or 10:1 to gold.
See the full interview below:
Related ETFs: iShares Silver Trust Fund (NYSE:SLV), E-TRACS CMCI Silver ETN (NYSE:USV), ETFS Physical Silver Shares ETF (NYSE:SIVR), PowerShares DB Silver Fund (NYSE:DBS), ProShares Ultra Silver ETF (NYSE:AGQ), ProShares UltraShort Silver ETF (NYSE:ZSL), Sprott Physical Silver Trust ET (NYSE:PSLV).