Billionaire Eric Sprott Has 98% Of His Fortune In Gold And Silver
Forbes • • business
Key Points:
- Eric Sprott, a longtime gold and silver investor, remains bullish on precious metals despite recent price volatility, predicting silver could reach $200-$300 an ounce and gold could hit $10,000.
- Sprott attributes the surge in metals prices to irresponsible government spending and money printing, which has eroded trust in fiat currencies and driven demand for tangible assets like gold and silver.
- He has invested heavily in undervalued mining companies, including a $1.3 billion stake in Hycroft Mining and a significant position in Discovery Silver Corporation, both of which have seen substantial stock price gains.
- Sprott is also expanding into manganese investments, anticipating growth in the market due to its emerging use in more efficient electric vehicle batteries.
- Despite global geopolitical tensions and market volatility, Sprott remains focused on metals and advises patience and conviction in investment decisions within this sector.