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
In this video he lays out his macroeconomic views and why he's excited about silver:
If you don't have the time or inclination to watch, here's a brief summary:
- The past decade has been a disaster, with huge growth in debt with little gains. From 2000 to 2010 new home sales went from 1.6 million to 275,000, car sales went from 20 million to 11 million.
- Gold is the only currency to have increased in value, and it's not a bubble since it makes up such a small share of total global assets.
- Sprott is most excited, though, about silver; it's his biggest investment, and he believes the data on silver significantly understate demand for the metal.
Since the video, silver has risen 50%, with some producers like Hecla Mining
For more reading on silver check out Chris's recent expose on the silver market, "The Presidents' Day Silver Short Squeeze," and his "10 Top Gold and Silver Stocks for 2011."