Eric Sprott and David Franklin: The Silver Lining

Posted: December 10, 2010 in Gold, Precious Metals, Silver

Eric Sprott and David Franklin of Sprott Asset Management continue their fantastic analysis of the silver market and conclude that, the data is absolutely no good as it fails to account for enormous demand. Eric Sprott is a bigtime billionaire player in precious metals.  He does not hide the fact that 80% of his assets are in gold and silver bullion or companies in the sector.  Sprott  regularly expresses how well he sleeps knowing 80% of his assets are in precious metals. 

There was a point where I felt diversity was key.  However, my frame of mind has completely changed over the years,  now my strategy is become an expert in one or two sectors, then focus on those sectors.  That strategy is not mainstream.  I am not in any way saying use that strategy, I am merely discussing my personal strategy.

For those who are not familiar with Sprott here is a bio from KWN:

 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 is also the Owner and Chairman of Sprott Money Ltd. Sprott Money Ltd. is a leading precious metals dealer selling gold coins, silver coins and bullion bars online. As one of Canada’s largest owners of gold and silver bullion, the company’s goal is to facilitate ownership of precious metals no matter how big or small the portfolio.

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”.

I highly recommend reading Sprott’s “The Silver Lining” which you can find here:

  1. bet365 says:

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  2. yourhedge says:

    Thanks for the comment

  3. Don says:

    Hi..I am an (educated ) Silver Bug and I am currently holding 7000 ounces of silver, my question is, is there any way in Canada that I can borrow (hedge) my silver in able to purchase more?

    Cheers Don

  4. yourhedge says:

    I am sorry Don, I do not have an answer to that question. Thank you for the comment.

  5. Very interesting topic and useful post. It really help me. Thanks.

  6. yourhedge says:

    Filmy Erotyczne, I am glad to hear it helped you.

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