Sprott is the world's best known mining investment firm and its had a good first quarter but it reckons that the really good times lie ahead. With c10% of our portfolio now in gold shares I rather agree. But over to Sprott which writes:
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Comments
Maurice Waldman
Absolutely spot on. I have been goading my family to dump stocks for silver. Silver will lead gold in this rally probably ending as a ratio of 30 to 1. At present it’s 75 to one and with gold heading to and exceeding $3000 an oz within 18 months this will put silver at least at $100 an Oz. It’s all there throughout the centuries it’s nothing new. But folks forget. I have accumulatedi 40, 000 oz of the Silver. Looking forward very much to switching back to gold at 30 to 1. So my thoughts are to switch all gold to the volatile silver at this stage. But at the very least buy some gold.