Eric Sprott sat down with TrimTab’s Carles Biderman for a MUST LISTEN interview discussing paper vs. physical gold.
When asked what would change his focus on investing in hard assets, Sprott replied if we ‘come to our financial senses‘.

At this point, if the US were to come to our financial senses, the entire ponzi would self detonate over night.

Full interview below:

  1. For full disclosure I owe PSLV, Sprotts’  silver ETF.  This is done for the purpose of parking some cash temporarily before I exit the paper market fully.  If there was one person I trust who actually has the metal on hand it’s Eric Sprott. His holdings are in Canada, which makes these holding somewhat safer and farther from the grasping fingers of our Federal government.

     That said, he makes very good points about the GLD and SLV.  As schemes to string along investors while the administrators lease out the gold and silver,  these two funds are managed by two of the most criminal enterprises in human history;  HSBC and JPM. 

  2. The GLD and SLV are just houses of cards that to this point haven’t been shakin much… When people wake up and see the light it will not take much at all to topple the whole thing… They are already reporting on MSM that interest in these “investments” are down… Not 100% sure if thats actually the case but it appears to be true by some of what we’ve seen…

  3. As a side note, has anyone else noticed that SD users are able to vote themselves coin points (meaning, the person posting the comment can vote themselves a coin point)?  This is probably just a glitch on the website, as it means having 0 and 1 coins is the same thing, so everyone should start off with 1 coin…

  4. “Why should it be considered a glitch? If you like what you post shouldn’t you be allowed to coin it? It should be an option…”

    Because the one with the most coins could just be someone who has posted the most comments, not because others have given him or her the coin because their comment was appreciated.  It defeats the purpose of the ‘popularity’ contest.

  5. I’m afraid the coining stuff will result in SD degenerating into just another internet parrot factory.  It’s the only feature of the new site I am not sure is such a good idea.  I could be wrong, wouldn’t be the first time :)
    And coining one’s self might make you go blind. 

  6. The only time coining one self may be looked to as a negative would be in the event of our current contest which is most coins in a week… I made a suggestion to BullRun that he liked for future contest which was making the Top List like a qualifying sheet for a lottery drawing of a winner… That way readers wouldn’t get discouraged with 1 or a few people running away with a contest… He did a similar contest in the forums with having a certain amount of coins for each comment got you added to a drawing… It looked like it worked well…
     All they are trying to do is motivate readers into talking… We have great discussions on this site from many different walks of life… I feel we all learn something by reading what each other has to say… Sometimes you just need to coax someone into voicing there opinion is all… This site is far from how other sites are… As most of us know all opinions are welcome and help add to topics…
    If you don’t care for the coining process then ignore it is all… That’s my 1 coins worth…LoL

  7. Coining one’s posts is like Schrodinger’s cat.  Is it alive or dead. Or both?  Did you coin or not?  It’s way above my pay grade to figure it out.  Coins don’t seem to make a diff on the content of the posts. They are certainly a solid cut above the prior SD site.  And WOW, reviewing posts in some of the main stream sites devoted to PMs, SD is PhD

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