Eric Sprott - Silver going to $100 - March 1st 2011

[AVMamfortas]

Taking its time, innit? Now March 2012 and Silver is around $30 +/- a few bucks. Yes, it nearly touched $50 6 months ago but fell right back. So..... just how much is prophesy and how much is hope?

[serger2010]

It is now 2012 and I call you a lire I bought silver an your word and lost my ass!!!!!!

[prolingua]

The prediction didn't happen. The price of silver on March the 1st 2011 was below $40

[poetsguide]

@prolingua The thing is its not really the date the is important but the fundamentals. I have known gold bugs who have saying the same thing about gold "Anytime now" as early as the 90s but they were only vindicated this last decade. I guess this will happen again for silver.

[001MeTaBoLiC100]

I watch CNBC every morning and I am starting to see buy Gold commercials, is this a sign to the masses to get in and invest? I get nervous whenever they put these commercials on.

[9pt9]

Save yourself and get it while is SO cheap!

[ScorpXM]

save in gold and silver!

[mikellv7]

Eberytime it goes higher they pull it back down..I'm Loosing the faith in the silver market because they really know how to play with your mind

[mikellv7]

What happened Eric...Or did you meen 2012?

[626718]

@mikellv7 didn't he say next 3-5 years?

[ndrthrdr1]

I'm stacking physical silver. I expect to see hundred dollar silver by 2015.

[GOLDSILVERDUDE]

@ndrthrdr1

Idiot

[theredscourge]

I think the timing is wrong but the call is right, silver is not particularly plentiful, and we use about 75-85% of it in industrial processes as it is, as opposed to more like 15-30% for gold. I think it is going to be a few more years though, gold rising alone is not enough to justify silver rising, especially when you consider that platinum and palladium have also not risen proportionally to gold. Gold is way higher because everyone hears "buy gold!" instead of "buy precious metals!" on tv.

[626718]

@theredscourge funny, the ads i have been seeing on tv or driving around is "Sell us your gold". I live in WA.

[TonyBeanify]

nice hypocrite sprott, you call for $100 but you sold them afterwards

[SilverCalculatorApp]

My plan is to keep buying silver among other things.

[Bugs11000]

that guy's really stupid. The bankers will allways sell silver contracts wich will keep the price of silver down.The Best thing to invest in is American money. This is the only currency that is the petro dollar. The American dollar will never fail, since it's backed up by oil.

[fawkUtube]

@Bugs11000 LOL -->America will never fail<---

It already did... in 1933.. you know why they killed Gaddafi ...no you know whats on the TV. Gaddafi wanted to make a new currency for his country BACKED BY GOLD like American money used to be. If he had made that currency the federal reserve and America would have become Zimbabwe overnight. American money was limited once by the amount of gold/silver now its limited by paper and ink and as much as we have the dollar is worth shit paper.

[knowledgenaut]

@Bugs11000 the price of sliver/gold has clearly gone up over 10 years. have you ever heard of inflation? the america dollar is bound to fail. think about the massive amount of debt that exists in the world economy. the GDP of Europe and the US is clearly faltering, with the only source of liquidity coming from QE, and the Fed. THUS, the value of the dollar will continue to drop, and unless you're uber rich, OR invested in precious metals you're going to get hit by the affects of inflation.

[626718]

@knowledgenaut not U.S inflation, but inflation in developing nations.

[yellow6100]

@Bugs11000 youre right ,just like dollar will never pass 35$ which it had in 70s ,right? oh wait ups....also yeah dollar will never fail -its backed up by oil--ups what oil -no oil left. YOU ARE A FUCKING IDIOT

[pretorious700]

@Bugs11000 lol, idiot.

[appledapathy]

@Bugs11000 It's not backed by oil it is the world reserve currency which just means you can only buy oil in dollars. If it was backed by oil, their would be note on every dollar saying you could exchange it for x amount of oil.

[626718]

@Bugs11000 by Saudi Oil?

[626718]

@626718 By your logic, Russian Ruble is the soundest currency in the world. Since Russia is the highest world producer of oil.

[nickk707]

@FyukYu1 show your working, anyone can make predictions.

[ConstantineJoseph]

I dont care, I am still getting more silver.

[Dreama40]

If you do your homework you will notice SO MANY factors that will drive the price of Silver through the roof, that $100 Silver will be very cheap! I dont think $500-900 silver is unrealistic! I'm buying as much as i can..

[626718]

@Dreama40 i have some silver, i am willing to sell you for the cheap price of 400 dollars/ounce.

[westy44cal]

sep 15 2011. Gold 1811.00 silver 40.37. If silver goes to 16:1 then silver is worth 112.00. I'd be a happy man. Gold seems to be forming a base in the low 1800's now and silver 39-43 the last few weeks. I think Gold may take a dip to low 1700 but I really think silver can be 50 bucks spot in 3-6 months and 100 bucks 3-5 years. I'm long physical silver, platinum and palladium. If gold drops a little I'll buy...

[626718]

@westy44cal guess a gain bob!

[westy44cal]

@626718 LOL. Yea well who'd of thought the dollar would rally? Give it time though. Europe is starting there own quantitative easing and QE 3 may be right around the corner for us. Both are bullish scenarios for PM's. I've been adding to my PM's stack during this pull back. 27-32 for Silver may be temporary so to average into a PM position at this time could be a good idea. Still not selling my Blue Chip dividend paying stocks though. Best on your investments bob.

[cresidue]

EPIC FAIL!!

[nilliterto]

@cresidue how exactly?

[cresidue]

@nilliterto Uh duh, the title "Silver going to $100"! Did you actually listen to the video? Sprott states the same old tired "gold to silver ratio" crap that he even admits "has NOT been effective in the past 20 or 30 years" as an indicator. I'm bullish on Silver & gold, but don't patronize me with outlandish video titles that don't deliver! Any idiot can make predictions without a time-line, I predict the world will end! Of course it will, in millions of years when our sun dies...

[nilliterto]

@cresidue well gold was expected to reach 1500 this year and it did , 1600 he next and it very well may and the vis was uploaded on 1st march sayin that silver will reach the aount he stated in next 2 to 3 years

[cresidue]

@nilliterto This video is NOT titled "Gold to Hit 1500 this year" or "Silver to hit 100 next week" it's an open ended prediction that may or may not come true, so STFU and go back to flame school.

[nilliterto]

@cresidue dont get ur panties in a bunch :P , u see wht silver is actually worth if not for manipulation , its over a hundred ...the title didnt exactly fail to deliver cuz not you or ur grandma could predict manipulation before .

[cresidue]

@nilliterto Yeah, and I'm sure your azz is been getting a good "manipulation" so why don't you put on your big girl panties and grow up...

[626718]

@cresidue I predict that EVERYONE will die in the future.

[mikellv7]

@626718 Will Never happen !!

[MrBigfan007]

Why has it dropped 12 dollars in just recent future if it's going up.

[ZoraleePvP]

@MrBigfan007

one of the factors were when they started raising the "margins" for paper-silver, as in it used to cost about $4000 to have 1 contract (5000oz) silver and last I heard they raised that to $22 000 so what does a marginraise do to paper-silver-investors? it tells them its harder to trade paper-silver...so they sell...and then silverprice take a nosedive.

what do we do?

we buy more, thanks for lower price on physical :)

[ZoraleePvP]

@CrazyChitTV

I suggest buying all the time when its this low, yes buy at $18 but also buy a little every month to spread out the risk. Cause if you wait for $18 the chanse is it will drop to $20-something (for example) and then shoot up.

so just be sure to get silver and since Im really sure its going over $50 its not that big deal to buy at $35 or $25...dont wait for a magic number and miss the train is all Im saying

[kokoro667]

after 20 years first time in İstanbul Silver market is open .

we can buy 20 gr 50 gr 100 gr 500 gr and 1000 gr silver.

as today silver is 44 dolars and on street as phisicaly 52 dolars a ounce. !

this weekend i will buy some !

[toob247]

silver return 30% in 6 weeks I knew when the economy collapsed they talked of being students of the depression . yeah students that learned if they crash it on purpose and buy it all up for nuthin they can position themselves for the hyper in flated future . I spent all my money on slvr at 10-12 after it fewll from 20 .....hundred dollar silver for sure in less than 2 yrs

[MalibuLimo]

If it's good enough for the richest man in the world, it's good enough for me

Same could be said for most of the rich list too!

[acacia548]

If Silver is selling for about $35 an ounce today them why on the PSLV market it's going for a little over $16 a share

[InfiniteMischief]

@acacia548 because the P stands for physical. Paper silver is different than holding it in your hand. paper silver is listed as unsecured...it's a liability not a credit. When it's physical it's money not debt (fiat currency is debt) it's usury and compound interest...the banks don't make anything, they don't produce a product like orange juice...it's value added. If they don't have control over our money they don't make any money.kitco.com/charts/livesil­ver.html

[626718]

@InfiniteMischief what a moronic answer.

[626718]

@acacia548 because you are an massive idiot. There is less than 1ounce of silver per share of PSLV.

[TheBigBigSean]

@fighter4realmoney Thats what I said about silver a few years back.

[SPECTORMAN1973]

What about Copper?