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The Looming Silver Shortage Isn’t the Only “Huge Problem” - Weekly Wrap-Up (Oct 18, 2019)

October 18, 2019

From the ongoing bank liquidity crisis to the Fed's renewed QE program, there’s a lot happening in the world of precious metals. And as the U.S. slips towards recession, what can we expect from the final months of 2019?

In this edition of the Wrap-Up, Eric Sprott breaks down all the gold and silver news you need, including:

The “huge problem” happening under the surface

Why the mining shares are lagging

Plus: the looming silver shortage

“I think the biggest takeaway is: why is all of this happening? It started in mid-September when the repo rates shot up to close to 10% one day, which must have sent shudders through anybody in the fixed income market. It’s just crazy that something like that would happen. They fact that they let it happen! The fact that they weren’t aware that it was happening! So there’s this huge illiquidity situation in the banking business which they thought they’d solved….Who knows what’s really going on behind the scenes?”

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.

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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Head shot of Craig Hemke

About the Author

Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities.

Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.