Max Keiser guest Eric Sprott on commodities prices [gold,silver] (12May11)

Max Keisers guest Eric Sprott talks about the commodities prices, and how the sudden downturn in prices is a temporary blip from profit takers. The underlying problem of G20 governments smashing the value of their currencies remains, so people continue to put their savings into anything that the governments cannot print or easily get their hands on.

The whole G20 ponzi fiat currency is being killed off by their governments, and people are protecting what they have with rising costs of commodities.

Recorded from Russia Today, Keiser Report, 12 May 2011.

Category:

News & Politics

Tags:

• max
• keiser
• report
• guest
• eric
• sprott
• commodities
• gold
• silber
• copper
• coffee
• price
• prices
• temporary
• blip
• invest
• investors
• protect
• protection
• print
• printing
• worthless
• paper
• money
• fiat
• currency
• qe
• quantitative
• easing
• 12
• may
• 2011
• ponzi
• g20

[TheBullionBoy]

I think towards the end, Max was fishing for a hyperbolic statement from Sprott, that he could use for a new camapign. It didn't surface.

[liarpoliticians]

@TheBullionBoy I think really the problem was is that Sprott deals with big / bigger money, and not little people, which is why Max had to ask the question on regular Joe and Jane buying into gold or silver.

[TheBullionBoy]

Nice 1 again LP. Gold medal coming your way again :)

[liarpoliticians]

@TheBullionBoy 2 ounces minimum accepted ;)

[IxionVI2]

Eric Sprott should buy 1,000,000 ounces today, would just cost him 35 million dollars. I think that this would be a tipping point. Eric can do what 1 miilion people can do if 1 million poeople buy just 1 ounce each. I want eric to buy 1 million ounces today, I know he has the money.

What do u guys think?

[Reqrezentin]

People in Britain are going down worse than the US when it comes to silver, no one knows of metals over here.

[bizweek1]

@8889brian His fund sold the paper assets in silver. I highly doubt that he actually sold off his physical silver. He probably sold off the paper with the understanding that there is nothing to back it up or redeem it for.

[djdj71d]

Sprott looks like Earl Cammenbert from SCTV. But a helluva lot smarter :)

And Max, as much as I respect and support you Jim Rogers speaks the truth. He does not have a fat mouth.

[rembot]

@IxionVI2 I'll call and tell him that

[GotSilver100]

check out out my GOT SILVER? Shirts on ebay

[DSP02125]

YOU HEARD MAX, IF 1 MILLION PEOPLE AT ONCE BOUGHT SILVER WHAT CAN HAPPEN.SPROTT SAID THERES MORE PEOPLE OUT THERE THAN THAT BUYING. THE KEY IS IN ONE DAY..LETS START THE MOVEMENT...1 MILLION OF US JOIN FROM ALL OVER THE WORLD THE MORE THE BETTER..LETS GET A SET DAY WERE WE ALL BUY ONE ONCE OR MORE .. 1 MILLION OF US OR MORE.. SET THE DAY ..MAX KEISER... AND MOTNTH LETS DO IT....

[WiseOneNoDrugs]

We march ON and ON and ON for LIBERTY against the criminal banksters. Rise up and support HONEST MONEY and Ron Paul. May the IMF chief get what he deserves.