Eric Sprott On The Impact Of Higher Interest Rates & The Selloff in Gold Prices (Weekly Wrap-Up - May 18, 2018)

May 18,2018

As we head into a holiday weekend here in Canada, Eric stops by to talk the latest global news in precious metals. This week, you’ll hear:

• What the ongoing selloff in gold prices means for you

• How the looming pension crisis will affect investors

• What the Fed is trying to accomplish now

“The pension crisis is not going away. Of course, you start raising rates and it puts an even greater stress on pensions. You know, pensions own bonds—we’re in a bear market in bonds! They’re losing money. In fact, there’s a chart you can see every day that shows the net gain of stocks and bonds together. And so far this year, I think it’s probably zero—if not negative—the combined total of stock market gains and bond market losses. So these pension funds that were underfunded… now they’re not even making any money!”

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To hear Eric’s full thoughts and more, listen here: