From Max Kaiser – The Doc, February 21, 2013

Eric Sprott: The Cartel Will be Taken to Their Knees!

Posted on February 21, 2013 by The Doc

cartel taken to knees

The Doc sat down with gold and silver expert and billionaire fund manager Eric Sprott Wednesday for the first of a series of interviews regarding the markets.

With gold smashed nearly to $1550 and silver nearly to $28 Wednesday, Eric discussed the latest paper raid in the face of epic physical demand, and stated that the demand for coins has been stunning!

Sprott also stated that there is an absolute shortage in platinum and palladium, and although he still believes silver is the investment of the decade, there is no telling how high platinum and palladium could go.

With silver trading back under $30, Eric states that silver should be $100 today, that he expects it to massively outperform gold, and that he conservatively expects the metal to reach $200/oz. Eric states that $200 shouldn’t be considered the top however, and that All we know is that the price should be up massively. Anyone who’s been a student of the market sees these ridiculous trades, but these guys will soon be brought to their knees by people just taking delivery.

Click here for the first of Eric Sprott’s MUST READ interviews with The Doc:

QE & Gold Revaluation- The Central Bank Nuclear Weapon

Posted on February 20, 2013 by The Doc

nuclear

Gold revaluation and money printing are the nuclear weapons arsenal held by government treasury departments.

By November of 1933, a frustrated central bank brought quantitative easing to a complete halt. How did the US government respond to that?

The answer is that just two months later, on January 30, 1934, it passed the Gold Reserve Act. The US government revalued gold about 70% higher, and then continued purchasing it aggressively at that price, using printed money.

The QE baton was thereby passed from the government T-bond “runner”, to gold bullion!
In a showdown between central banks and governments, governments win. They won in the 1930s depression, and they will win in this super-crisis.

Click here for more on the coming GOLD REVALUATION!

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