Beacon Equity Reserach: Silver Price much too Low, Eric Sprott
Nervous about the silver price during the worsening global economic slowdown? Don’t be, according to Eric Sprott, CEO of Canada’s largest independently-owned securities firm Sprott Asset Management. Silver (and gold) have become de facto reserve currencies, according to him. In the silver market, “we’re going hand to mouth these days,” Sprott told listeners of Financial Sense Newshour. And Sprott, of all people, should know; the last significant order placed in the open market by his firm in late 2010 took three months to arrive, he said, “and some of the silver that was delivered to us was manufactured after we…