Eric Sprott: Recession is coming. Are you ready?

“…the Chinese economy is way bigger than the U.S. economy…Think about what happens when the Chinese say, ‘No mas, man.’”

Eric Sprott interviewed by Craig Hemke on The Weekly Wrap-Up

May 24, 2019

The trade war is heating up and spreading out, the stock market is showing signs of weakness, and all indications point to a recession. Central Banks are buying up gold. Should you follow their lead? Eric Sprott joins us once again with all the gold and silver news you need, including:

  • Why all signs point to a recession—and what could make it worse
  • What’s behind the Central Bank gold demand
  • Plus: Wallbridge’s tough week

“Of course, the big macro is the trade war, which now seems to be getting really spread out as we put Huawei into the whole thing… I don’t think the Chinese are going to sit idly by and do nothing here—it’s been mostly a U.S. initiative so far. But you know the other shoe’s going to drop… There’s no doubt in my mind that the Chinese economy is way bigger than the U.S. economy. I don’t care what the numbers say.… They’re the biggest steel producer, they’re the biggest gold consumer. They’re the biggest everything, OK? … Think about what happens when the Chinese say, ‘No mas, man.’”