Must Hear Eric Sprott Interview

Posted: July 21, 2010 in Financial Survival, Gold, Investing, Precious Metals

Eric Sprott is one of the legends in the financial world.  In times like these it’s essential that we listen to knowledgeable people like Eric Sprott outside of the mainstream media.  When a guy like Eric Sprott is on an outlet like CNBC they do not have the opportunity to truly express themselves.   King World News had another great interview with Eric Sprott which I would consider a must listen to interview.  You can see quotes from the interview below and a link to the full interview.

Eric Sprott:  “One of the studies concluded that whereas we used to get something like 60 cents back on the dollar of government expenditures, today it’s negative 40 cents. So it’s pretty dismal when you think that everyone’s expectation is that this government’s going to bail us out, and as they are trying to bail us out, we’re actually losing ground because at the end of the year you still have the debt.”

 “Well it is. I’m debating whether it’s happening (quantitative easing II) while we speak, because the Fed’s balance sheet continues to grow, even though they said they are going to stop buying most instruments at the end of March. But every week it keeps growing by $10 billion. I mean $10 billion a week is half a trillion dollars a year.”

 “You know we’ve had to go from obviously greenshoots, to what we’re looking at today is almost like cliff diving. And some of the data points are just so shockingly bad…Consumer confidence numbers…The rate of decline was just awful, the rate of decline was incredible…We have obviously hit the wall.”

 “Here we haven’t had any net employment increases and now we’re starting a waterfall down. So if we keep losing jobs and their are no policy tools left, how could anyone imagine that you turn it back up again.”

Bio – Eric Sprott, CA

Chairman, Chief Executive Officer & Portfolio Manager

 Sprott Canadian Equity Fund; Sprott Energy Fund; Sprott Hedge Fund LP & LP II;
Sprott Bull/Bear RSP Fund; Sprott Offshore Fund Ltd.; Sprott Capital Fund LP

 Eric Sprott has accumulated 35 years of experience in the investment industry. After earning his designation as a chartered accountant, Eric entered the investment industry as a research analyst at Merrill Lynch. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada’s largest independently owned securities firms. After establishing Sprott Asset Management Inc. in December 2001 as a separate entity, Eric divested his entire ownership of Sprott Securities to its employees.

Eric’s investment abilities are well represented in his track record in managing the Sprott Hedge Fund L.P., Sprott Hedge Fund L.P. II, Sprott Bull/Bear RSP Fund, Sprott Offshore Funds, Sprott Canadian Equity Fund, Sprott Energy Fund and Sprott Managed Accounts. In December 2004, the Sprott Hedge Fund L.P. was awarded the Opportunistic Strategy Hedge Fund Award at the Canadian Investment Awards. In addition, the Sprott Offshore Fund Ltd. won the 2006 MarHedge Annual Performance Award under the Canada-Based Manager category. Furthermore, in October 2006, Eric was the recipient of the 2006 Ernst & Young Entrepreneur of the Year Award (Financial Services) and the 2006 Ernst & Young Entrepreneur of the Year for Ontario. In December 2007, Eric was named Fund Manager of the Year by Investment Executive, a widely circulated publication for Canadian financial advisors. In October 2008, the Sprott Offshore Fund Ltd. won the award for the Best Long/Short Hedge Fund globally by HFM Week, a leading publication for the global hedge fund industry.

Eric’s predictions on the state of the North American financial markets have been captured throughout the last several years in an investment strategy article that he authors titled “Markets At A Glance”.

 Our Companies

 Sprott Inc. consists of three business units: Sprott Asset Management, Sprott Private Wealth and Sprott Consulting.

Sprott Asset Management is a leading independent asset management company headquartered in Toronto, Canada. Sprott Asset Management manages the Sprott family of funds, discretionary managed accounts and investments of certain public companies. The company has a history of offering investment management services to high net worth individuals and institutions for more than 28 years. For more information on Sprott Asset Management, go to

Recent Sprott Asset Management Awards and Accolades

  1. ■2008 Absolute Return Award Nominations: Management Firm of the Year and Top U.S. Equity for Sprott Hedge Fund L.P. (November 2008)
  2. ■Barron’s World’s 75 Best Hedge Funds: Sprott Offshore Fund Ltd. and Sprott Opportunities Hedge Fund L.P.
  3. ■HFM Week Best Long/Short Hedge Fund globally: Sprott Offshore Fund Ltd. (October 2008)
  4. ■Eric Sprott honoured as Investment Executive’s “Fund Manager of the Year” for 2007

Sprott Private Wealth was launched in June 2009 to better serve Sprott’s private clients, which total more than 2,000 investment accounts. Sprott Private Wealth provides customized investment services and products for high net worth clients. For more information on Sprott Private Wealth, go to

Sprott Consulting was created for the purpose of providing management, administrative and consulting services to other companies. Currently, Sprott Consulting provides management services to Sprott Resource Corp. Sprott Resource is a public company listed on the TSX under the symbol ‘SCP’. Sprott Resource’s strategy is to invest in the natural resource sector through early stage corporate investments. These may include direct investments in resource projects and private transactions. For more information on Sprott Resource, go to


Listen Here

  1. robert testa says:


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