By ShareProphets | Thursday 18 September 2014
Eric Sprott the founder of Sprott Asset Management is perhaps the best known resource investor on earth. He says that he now has 80% of his portfolio in precious metals because the economy is just in a very bad place. It is just that people do not realise it yet so shares, cash in the bank is duff money. Sprott says you should but gold NOW because “when people finally decide they want to buy gold, there probably won’t be any gold.” So asked what he is buying and why Sprott said in a recent interview:
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