Silver is going to $150/oz and potentially way beyond. A producer making a million ounces would see $150M in profit, creating massive upside for mining companies.
Asks if there is proof yet of Canadian pension funds and institutions buying into the gold sector.
Host
Eric Sprott
Has not seen non-gold funds participating yet. Believes pension fund computers will eventually recognize gold as the best-performing asset class and allocate capital.
Asks why one would not buy gold, and notes that share structures seem less frivolous this cycle.
Host
Eric Sprott
Frustrated that dealers, companies, and bankers sell equity at a discount, destroying shareholder value when there is clear demand.