Well-known precious-metals investor Eric Sprott has done extraordinarily well investing in the precious-metals space through his funds and also his publicly traded company, Sprott Resource. His asset management company also runs Sprott Physical Gold Trust (NYSE: PHYS) and Sprott Physical Silver Trust (NYSE: PSLV). The two trusts allow you to hold physical gold and silver, giving investors an ownership in the metal as opposed to futures in the metal like other ETFs (click here for more details). Sprott is 70% invested in the precious-metals space and doesn't believe in "diworsification," or the diversifying into ideas other than your best bets.

In this video he lays out his macroeconomic views and why he's excited about silver: