Sprott Inc. (NYSE: SII) (TSE: SII) is the legacy of Canadian billionaire Eric Sprott who has made a fortune in gold. Sprott is the largest natural resource focused asset manager in the world. Eric and his organization are therefore a pretty good authority to reflect on the price of the precious metal.
Edward Coyne, Senior Managing Director of Global Sales at Sprott Inc. has a particular expertise in the gold market and we are thankful to have him to discuss gold sentiment.
There are lots of variables that are factored into gold prices. The gold price has been growing 10% year-on-year, perhaps due to a global stimulus of over $30 trillion dollars (both indirect, fiscal, and direct). Ed goes through the overall narrative and different variables to see how investors are looking at gold today.
He believes we are in the second and soon to be the third phase of a “super-cycle”.
Watch this in-depth interview for a masterclass in gold investing.
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