Must watch interview with Eric Sprott

[jtabeb]

On Sovereign Debt, Commodities, China Bubble, and Gold.

(EJ, can you interview him? Seems to tie in EXTREMELY well with the central Itulip Thesis)

Disclaimer. Sprott has gone full-on JTABEB (Or Jtabeb has gone full-on Sprott), Take your pick.

http://watch.bnn.ca/squeezeplay/may-...10/#clip304447

http://watch.bnn.ca/squeezeplay/may-...10/#clip304448

[LargoWinch]

Re: Must watch interview with Eric Sprott

On Sovereign Debt, Commodities, China Bubble, and Gold.

(EJ, can you interview him? Seems to tie in EXTREMELY well with the central Itulip Thesis)

Disclaimer. Sprott has gone full-on JTABEB (Or Jtabeb has gone full-on Sprott), Take your pick.

http://watch.bnn.ca/squeezeplay/may-...10/#clip304447

http://watch.bnn.ca/squeezeplay/may-...10/#clip304448

I watched this live a few days ago.

I also recommended EJ to interview Sprott here. For more on Sprott and the commented reports see this Select thread here.


Lastly, I wish BNN would invite EJ back; I will write to them.

[gnk]

Re: Must watch interview with Eric Sprott

On Sovereign Debt, Commodities, China Bubble, and Gold.

(EJ, can you interview him? Seems to tie in EXTREMELY well with the central Itulip Thesis)

Disclaimer. Sprott has gone full-on JTABEB (Or Jtabeb has gone full-on Sprott), Take your pick.

http://watch.bnn.ca/squeezeplay/may-...10/#clip304447

http://watch.bnn.ca/squeezeplay/may-...10/#clip304448

Here's another billionaire going all-in:

Many fund managers and high-rollers have allocated small percentages of their portfolios to gold as a hedge against inflation. But Mr. Kaplan is the bull of bullion. He has gone further than perhaps any other major investor, betting the majority of his wealth on gold and other precious metals. And it reflects his deeply held conviction that global economic instability could bring rising demand for gold.

Through his firm, Tigris Financial Group, and affiliates, Mr. Kaplan has loaded up on bullion and bought up properties in 17 countries on five continents, where geologists are exploring for more. Tigris subsidiaries have taken stakes in mining companies, including tiny firms that have yet to produce an ounce.

Though he won't disclose how much physical gold he owns, Mr. Kaplan, who is 47 years old, controls up to 30% of the shares in some so-called junior miners. Together, his holdings amount to a nearly $2 billion bet on gold, more than the Brazilian central bank's bullion is currently worth.

"I've reached a point where I feel the only asset I have confidence in is gold," Mr. Kaplan said in an interview at Tigris's midtown Manhattan headquarters.

http://online.wsj.com/article/SB1000...NewsCollection

But JT - let's be honest with ourselves.... these guys' petty cash alone would keep them going for years. I'm all for taking a gamble on gold... but not having what these guys have, I still believe in keeping a lot of cash aside as well.

[LargoWinch]

Re: Must watch interview with Eric Sprott

I like how the WSJ continuously portraits Gold investors as "scaremonger" or "gold bugs" or what have you:

, Armageddon worrywarts

Even in an article supposedly favorable to Au!

The longer it last, the more they help me buy Gold cheaper! Thanks WSJ!

[jtabeb]

Re: Must watch interview with Eric Sprott

But JT - let's be honest with ourselves.... these guys' petty cash alone would keep them going for years. I'm all for taking a gamble on gold... but not having what these guys have, I still believe in keeping a lot of cash aside as well.

I don't kid myself, That why I do what the SMART MONEY DOES! (Would ANY rational person do otherwise? I mean seriously?)

Disclaimer, I blow all my cash on gold and silver (Seriously).