Key Drivers of the Precious Metals
Eric Sprott on Western central banks to India: "...because you have a fiat currency too, as we do, and we can't have people find out that we have no gold."
Eric Sprott on physical supply imbalance: "Between Hong Kong/China who imports seemingly 120 tonnes per month and India that can certainly support demand of 80 tonnes a month - you've got 200 tonnes a month just in those two countries in a world where mines only supply 185 tonnes a month."
Eric Sprott on how investors in precious metals and related equities will fare: "...the reality is probably 9 out of 10 they will all win because it's all a function of the price of the precious metals here. The precious metal price will I think bail everybody out."