Eric says that Asian gold demand is very robust right now, but if this happens, Eric says the effect on market would be astounding. Here are the details…
August 17, 2018
The past 100 days have been rough for precious metals, and this past week was no different. But on this edition of the wrap-up, Eric Sprott finds the silver (and gold) lining in the clouds.
This week, you’ll hear:
- Where to find positive signs in a turbulent market
- Why he’s not panicking about the shares
- Plus: Eric’s best advice for first-time buyers
“I think of all these people who live in all these countries where their currencies are getting hammered, whether it’s the Brazilians, the Indians, the Turks, the Iranians. We’re getting more and more people all the time, all of whom have a disposition towards gold anyway. And I read this morning that the Asian demand is very robust. Well, you know what? I’d expect it to be robust. I mean, the Indians consume 1,000 tons a year out of roughly 3,000 tons mined. What happens if all of a sudden they’re witnessing their currency weakening? They buy 50% more. My God, the effect on the physical market would be astounding!”