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IMF backed out of gold sale to billionaire Eric Sprott
Posted by admin on March 31st, 2010 filed in Gold Stock
Canadian Billionaire Eric Sprott tried to buy the IMF’s gold, but the IMF backed out. This gives me a huge bullish signal for gold.
Eric Sprott is a big investor in physical gold and silver, and agrees with Ted Butler that “silver is the favored investment” out of the two.
70% of his 5 billion dollar fund is in silver and gold investments, with half in physical bullion. He has more dollars invested in silver than gold.
He says that gold is the ultimate asset class to own in this economic winter.
Duration : 0:6:7
March 31st, 2010 at 12:31 am
Wow don’t even …
Wow don’t even think about using it a currency is what the government in Germany said?
Here is a quote from another German official…
“Gold in the hands of the public is an enemy of the state.” Adolf Hitler
I would agree with him.
March 31st, 2010 at 12:31 am
@davincij15 That is …
@davincij15 That is what Jberni1 said in his most recent German video, according to my German speaking friend! That is a huge vote of confidence for silver, in my opinion.
March 31st, 2010 at 12:31 am
@jimbobubbadj That …
@jimbobubbadj That is what I read, but I am not an expert. Maybe that was their only choice!
March 31st, 2010 at 12:31 am
@rollinglibs101 I …
@rollinglibs101 I noticed a lot of sites like his offer PMs fair and square, but the premiums are too high for me.
Is the silver recovery in the last few days getting your spirits back?
March 31st, 2010 at 12:31 am
@silverfuturist
…
@silverfuturist
Gigantic vote of confidence for silver!
March 31st, 2010 at 12:31 am
@silverfuturist I …
@silverfuturist I like bullion direct. They store somewhere in Austin TX I think.
March 31st, 2010 at 12:31 am
Nice job …
Nice job silvrfuturist
March 31st, 2010 at 12:31 am
Haha the german …
Haha the german agents of the state are all upset about silver. They’re just nervous about losing the ability to pillage everybody’s bank accounts in a keystroke.
March 31st, 2010 at 12:31 am
I always enjoy …
I always enjoy watching your videos… keep up the great work silverfuturist!
March 31st, 2010 at 12:31 am
Down here in …
Down here in Australia mate PROPERTY is in a MASSIVE bubble with being some of the most overpriced in the entire world now.
Your average Sydney house is now around $635,000 Aud (About $600,000 US) – that’s AVERAGE!
I personally rent and invest the difference in PMs for obvious reasons.
Australians are almost completely oblivious to what’s happening beyond it’s borders.
March 31st, 2010 at 12:31 am
supply and demand, …
supply and demand, australia does not have much land, therefore housing prices will remain high there, same as vancouver
March 31st, 2010 at 12:31 am
@Austacker i beg to …
@Austacker i beg to differ. check out TruthCracker and his buddies down under. I was made aware of a lot of things that are kept from americans while in australia. u guys are smarter than you think! its just the govt keeping the sheeple in the dark
March 31st, 2010 at 12:31 am
Dang, you’re just a …
Dang, you’re just a fountain of information. Thanks! Best regards!
March 31st, 2010 at 12:31 am
Sounds like he’s …
Sounds like he’s just talking his book. “Oh, they couldn’t fill my huge order — there must be a huge shortage.” Uh huh. It’s just noise, like when Pimco says random stuff about treasuries to bump up the value of their portfolio.
March 31st, 2010 at 12:31 am
@silverfuturist I …
@silverfuturist I was happy to see it get back to that $17.45 range..Hope it can hold there..If not I will stay positve..What I like about your vids is how passionateyou are on the subject..Personally I think you offer one of the best channels on pms because of you’re enthusiasm..Keep on doing the vids
March 31st, 2010 at 12:31 am
It’s all good news …
It’s all good news to me!!
March 31st, 2010 at 12:31 am
@Austacker How, I …
@Austacker How, I had no idea the cost was that high!
March 31st, 2010 at 12:31 am
it still sounds …
it still sounds like a scam to me
March 31st, 2010 at 12:31 am
@Austacker …
@Austacker Australia is the most expensive country in the world, were the highest on almost every list, even food.
i have no idea wtf is wrong with this country
March 31st, 2010 at 12:31 am
Great video Joe. To …
Great video Joe. To Austhacker, you should also try prices in Norway. 1 beer in a bar in Oslo. 10 USD. 1 gallon of gas: 7,5 USD.
The recipe to create high prices is to have a socialist governmet in a country with lots of natural resources, that funnels to much money into the economy.
March 31st, 2010 at 12:31 am
the IMF doesn’t …
the IMF doesn’t have it. its becoming painfully obvious. Just like the Comex. We’re all being robbed blind.
March 31st, 2010 at 12:31 am
Great video – …
Great video – thanks for posting …
March 31st, 2010 at 12:31 am
@jayrush01 Oh I do …
@jayrush01 Oh I do mate. As much as any critical thinking person living here does. It’s awash with corruption and greed. We have the same bi-polar democratic system – Liberal or Labor – who have much the same policies and just exchange control of the nation every few years. Much of the parlimentary establishment have close ties with big business and push through legislation that steals from the public purse and divides a bigger wedge between the haves and have nots. It’s an absolute mess
March 31st, 2010 at 12:31 am
@silverfuturist …
@silverfuturist That is actually true? India did not take delivery of this gold? I thought the Indians were smarter than that, what fools they are if this is true!
March 31st, 2010 at 12:31 am
GREAT VIDEO, but …
GREAT VIDEO, but also some really GREAT Comments.. Love this channel, keep reading and book noting your ideas..