Eric Sprott: The West Will Regret All Its Financial Policies Someday Soon!

Alex Wong/Getty Images
Alex Wong/Getty Images

Eric Sprott recently joined Matterhorn Asset Management’s Lars Schall to discuss the metals, QE, and how the great Keynesian fiat experiment is likely to end for Western governments.
Sprott claims that the West will one day soon regret all of its financial policies including QE, ZIRP, and gold suppression, and that the major governments carrying out these policies are now insolvent!
When asked by Lars what would be the signal to exit the gold and silver markets and what he views as the top in gold Sprott replied: For me to see a top in gold you would need to see 1 of 3 things: A maniacal blow-off.  2. The Central Planners become financially responsible (not likely).  3. If they finally capitulated and made their currencies gold-backed (which I don’t suspect we will see).  I think we have a long way to go before we see any of those elements manifest themselves.

 

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