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Are gold and silver headed for a new five year high? (Weekly Wrap-Up, January 19, 2018)
January 19, 2018
It’s an exciting time to be in precious metals. The US dollar is plunging to its lowest level in four years, Bitcoin is faltering, and with all the political uncertainty in the world, people want security.
The fact that investors are turning to gold and silver comes as no surprise to Eric.
“All these unregulated currency exchanges are open to massive manipulation. We see manipulation in regulated markets. Can you imagine what happens in an unregulated market, where you can do whatever you want to do?”
“If you’re going to exit the game—the Bitcoin, the cryptocurrency game—what do you do with your money? You hate banks, you hate fiat currencies. There’s pretty well only one option—that is to go into gold. And so that is happening as we speak.”
Even as Bitcoin’s stumble causes a surge of interest in precious metals, the main story in the news today is the looming government shutdown in the United States. What does this mean for the future of the US dollar, and how could it add to what Eric calls “a huge tailwind for gold”?
Hear his full thoughts here:
Don’t miss a golden opportunity.
Now that you’ve gained a deeper understanding about gold, it’s time to browse our selection of gold bars, coins, or exclusive Sprott Gold wafers.
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About Sprott Money
Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.
Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.
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