Eric Sprott On Gold, Silver and How He Made His Billions!

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If you register for this webinar/interview you agree to the following: This webinar is provided for information purposes only. All opinions expressed by the individuals in this webinar/interview are solely the individuals’ opinions and neither reflect the opinions, nor are made on behalf of, Bloor Street Capital Inc. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. The investing ideas and strategies discussed on this webinar/interview are not recommendations to buy or sell any security and are not intended to provide any investment advise of any kind, but are made available solely for educational and informational purposes. Investments or strategies mentioned in this webinar/interview may not be suitable for your particular investment objectives, financial situation, or needs. You should be aware of the real risk of loss in following any investment strategy discussed in this webinar/interview. All webinar participants or viewers of a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of October, 2024, the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes.

[@DevinKarlson]

Thank you for this informative video. Financial education is essential, yet over 80% of the population lacks literacy in this area. While inflation is causing the US dollar to decline in value, it’s still gaining strength against other currencies and commodities like gold and real estate, hinting at a potential economic reset. To safeguard my assets, I’ve invested in Bitcoin as a store of value and actively traded it, growing my portfolio from $200K to $732K in just a few months. I owe much of this success to Loraine Souvenir, whose expertise and trading acumen have been invaluable in navigating these uncertain times.

[@Hayes489]

Having access to reliable information is crucial for us as investors to succeed both financially and in life. This is valuable, I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this

[@Bardotc]

I couldn’t agree more! Since I joined Loraine’s program, I’ve learned how to analyze market trends effectively. It’s made all the difference in my trading decisions!

[@PhuongNgoc-m2x]

Wealth building and financial freedom are attainable with the right knowledge and tools. Using proper financial strategies and products is essential to growing and sustaining long-term wealth.. glad to know you want others to succeed

[@ZeeODonnell]

It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure

[@Verliceadler]

Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today..Her insights and daily siignals are worth following.

[@Mauitaoist]

Another pearl of wisdom. I love it when Eric says, " I always bet more when I'm playing with The house's money" If you are winning, keep going.

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! Yeh he had some amazing quotes! My favorite was 'When you know you have a winner...'

[@johnkozak8721]

Classic line!

[@joannac9194]

This was one of the most interesting interviews. I really enjoyed it. Thank you.

[@BloorStreetCapital]

Thanks for the comment Joan and for taking the time to view our content!

[@melindaxbc5605]

Eric Sprott is my go-to. Thank you for this interview!

[@BloorStreetCapital]

Thanks for the comment Melinda and for taking the time to view our content! He is one of a kind!

[@melindaxbc5605]

@@BloorStreetCapital Yes he is! Many thanks again!

[@davidrowley1577]

Jim’s a great interviewer and always love hearing Eric. Great insight and a guy you could sit down with and listen to his stories for hours.

[@BloorStreetCapital]

Thanks David! The next one will be even better! What would you like to ask him?

[@TruthAboveEmotion]

Bloor Street, I’d like to know what will trigger metals/equities sales or lateral moves into hard assets. I realize this will likely be at the end of what may be a long bull market. G

[@davidrowley1577]

@@BloorStreetCapital His thoughts on his big investment in New Found Gold $NFGC and what would it take to get a tour with him when he’s visiting the site? I’m a current shareholder. Thanks Jim!

[@BloorStreetCapital]

​@@davidrowley1577 That's a great idea!

[@Carnivorelion]

Keep pumping the Freegold Eric. I'm sure it will soar on Monday like it did on your last pump video for it.

[@bullishforgold8790]

Jimmy without a doubt your best guest yet! Eric is iconic.

[@Mauitaoist]

I love it when I hear somebody say, "I could afford to have that 20 to 40 million loss" 24:10

[@BloorStreetCapital]

Yeh but I love the fact he didn't even know exactly how much he invested.

[@Shoveltime198]

As good of a guest as you could get. Wonderful interview.

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content!

[@triANGLEINVESTOR]

Great interview but I did not expect anything less from Jimmy Connor. Top notch!

[@BloorStreetCapital]

Thanks for the positive comment and for the ongoing support Lucijan!

[@fortstocktonjeff0124Barber]

James What an incredible interview with an incredible man. Thank you!

[@centurione6489]

He pumped NFGC on YT and then dumped his 19% share 🤣tanking the stock. FYI

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the positive comment and for taking the time to view our content!

[@randyosborne3971]

Congress is for sale. On the take. BOTH PARTIES. And Congress mandates the Federal Reserve. What could go wrong?

[@BloorStreetCapital]

Thanks Randy but we didn't discuss politics.

[@monicakarlsson251]

Betala out Ny money

[@autonestegg4195]

Gwen Preston explained beautifully what did not work in pure gold mining Eric should watch the KZbin interview... the crusher was not grinding gold fine enough and a lot of the equipment was leased or rented rather than owned increasing drastically the operating costs

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe! I will check out that interview.

[@evanhotz5295]

Thank you Eric for sharing you experience and wisdom.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the positive comment Evan and for taking the time to view our content!

[@paulvarey2416]

Great interview. He seemed really relaxed. Very timely interview in this type of market. Loved it.

[@BloorStreetCapital]

Thanks for the comment Paul and for taking the time to view our content!

[@dakinejeb7890]

I really enjoyed this interview. Thank you!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the positive comment and for taking the time to view our content!

[@houdarar2765]

You can tell why he has been successful just through his satire

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! Yes he does have a great sense of humor!

[@gordpearson9802]

Thanks Jim/Eric, enjoyed the conversation

[@BloorStreetCapital]

Thanks for the comment Gord and for taking the time to view our content!

[@matefarac7297]

Jimmy, did you pile up on freegold ventures?

[@BloorStreetCapital]

Thanks for the comment/question, unfortunately no I did not.

[@yourplumbingpal1225]

This is just brilliant, thank you.

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content!

[@WARRENBUFETT]

Buy low, sell high. Who knew? Great interview. Thanks.

[@BloorStreetCapital]

Thanks for the comment Warren and for taking the time to view our content!

[@bruceposch1449]

How is John Embry doing? I owe that man a great thanks...good thing I listened to him 25 years ago.

[@BloorStreetCapital]

Thanks for the comment/question Bruce and for taking the time to view our content! That's a name I haven't heard in a long time.

[@AGoogleUser-h2r]

Eric, ❤U man! You educated me a lot over the years on metals investments. Thank you!!

[@BloorStreetCapital]

Yes he certainly has my respect!

[@davidhoyh]

Eric's term "stealing value" really means seeing huge investment return opportunity, and its so obvious that it seems like stealing. Although he's not a geologist, he connect mining data to financial returns quicker.

[@BloorStreetCapital]

Thanks for the comment David and for taking the time to view our content! If you are not a Subscriber, please Subscribe! I also like the term 'stealing value'.

[@edwardschindler1369]

I know he is in Dolly Varden multiple times and Blackrock Silver as well among others. I am as well. Good luck to all speculators!!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Ed and for taking the time to view our content!

[@SectorEdge]

Jimmy fantastic Interview. What Mystifies me is the Eric Sprotts's, Rick Rules of the World never seem to get a mention.With the great Investors and Traders in the Markets. On behalf of someone like myself who has allways been at least 80% biased towards Commodites. Really enjoying your channel.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the positive comment and for taking the time to view our content! Who else would you like to see interviewed?

[@SectorEdge]

@@BloorStreetCapital Rick Rule , talk about networth etc.

[@PamenterDoug]

Interesting that Eric lost money with Pure Gold (as did a LOT of people). I wonder if he bought into WRLG - as to me… those crooks jumped in and scooped up the assets. Now, all of a sudden it is all working out! I will probably make back my losses, but it makes me wonder about backroom deals.

[@BloorStreetCapital]

Thanks for the comment Doug and for taking the time to view our content! If you are not a Subscriber, please Subscribe! I hope you make your money back.

[@stanleybarton]

My primary reason for expecting metal prices (spec. Gold) to rise is because the Federal Reserve is caught between a rock and a hard place right now. They’re facing three major economic challenges at the same time. Servicing the interest on the US National Debt, avoiding a recession, or face an adverse reaction from the public because of hyperinflation. Since the Fed has traditionally been insulted and protected by Congress, I think the Fed may well be forced to choose between (for them) the lesser of of the three evils; and, service the debt, avoid a recession (and the high unemployment that would follow), lower interest rates, and put the solution on the backs of the middle class and service the national debt through hyperinflation and a devaluation of the dollar in terms of purchasing power. I remember 1972 when I was living off base in Germany. In one night, my rent (payed in German Marks) doubled from $400/months to $800/month. We were payed in dollars but our rent had to be paid in Marks. Overnight the Mark went from 4 DM/1$ to 2 DM/$1 and the cost of everything paid for in Deutche Marks doubled in dollar costs. And then gas rationing soon followed.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the insights Stanley and for taking the time to view our content!

[@pnwcruiser]

2000 and 2008 were of course notable interim financial crashes but we can anticipate that the next will be secular in nature (e.g. 30's and 70's) because central banks drove short rates to zero for years and they won't be able to foment an even more extreme financial mania by driving short rates to new nominal lows this time. They will of course resort to massive currency debasement but it will feed through to price inflation rather than being occupied by financial speculation. Four decades of monetary and fiscal distortion are going to be wrung from global financial markets via price inflation. Tangible assets offer refuge, particularly ultra liquid tangibles (i.e. precious metals). Ultimately Eric will be proven right yet again, in a very big way.

[@BloorStreetCapital]

Thanks for the detailed comment/analysis and for taking the time to view our content! I always love it when viewers provide their views.

[@jaydan6282]

😋The Silver rush is coming !!!

[@BloorStreetCapital]

Thanks for the comment Jay and for taking the time to view our content! Gold is going to rip!!!

[@rudeawakening3833]

President Putin recently declared- “Physical Silver will be in the Russian vaults “ !!!

[@garyappleton3035]

Thanks Jimmy! Fantastic Interview. Seems like a really down to earth guy.

[@paulmontgomery9838]

and how rare is that!

[@BloorStreetCapital]

Thanks for the comment Gary and for taking the time to view our content! He is the type of guy you want to have a drink with.

[@jimstowell1166]

Well done!!

[@BloorStreetCapital]

Thanks for the comment Jim and for taking the time to view our content!

[@johnkozak8721]

Now this is a guy I would love to have a drink with!

[@peterchung7151]

please share recording here after. thank you

[@BloorStreetCapital]

Thanks for the comment Peter and for taking the time to view our content!

[@frankbeneditto2648]

Great Interview Jimmy! Thanks.

[@BloorStreetCapital]

Thanks for the comment Frank and for taking the time to view our content!

[@fingersm]

Buffet was cooked as well in 08 if Fed didn’t save him

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content!

[@peterchung7151]

Press your bet when you know you got a winner. Sounds like a good way to me to get to your concentrated portfolio.

[@BloorStreetCapital]

Thanks for the comment Peter and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

[@b4bmm]

This was great

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

[@mikeaddis1494]

Forward PE NVIDA is 33.43

[@BloorStreetCapital]

Yeh crazy!

[@leroyjones6170]

Heck yes Jimmy!

[@BloorStreetCapital]

Thanks for the comment Leroy and for taking the time to view our content!

[@leinad5243]

Eric slim down for summer fun!

[@miKey1201-kx7ow]

That was good , right on !

[@BloorStreetCapital]

Thanks for the comment Mikey and for taking the time to view our content!

[@miKey1201-kx7ow]

@@BloorStreetCapital you are welcome , I enjoyed listening it was real for me

[@granthickey569]

New viewer. New Sub. Great content

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the positive comment Grant and thanks for Subscribing! Who else would you like to see interviewed?

[@gregbrothers7094]

Gold tops when the Bank of Canada starts buying it

[@BloorStreetCapital]

Thanks for the comment Greg and for taking the time to view our content! Yes you are probably right but I don't think that will happen. Our government is far to stupid to realize the benefits.

[@centurione6489]

He pumped NFGC on YT and then dumped his 19% share 🤣tanking the stock. FYI

[@compound30-gtw]

no he didn't stop spreading false information

[@Anna-yo1yq]

It would have to of disclose that info right?

[@centurione6489]

@@Anna-yo1yq Correct! BUT ... the disclosures refer to the PREVIOUS quarter.

[@compound30-gtw]

@@centurione6489 you are so tapped he is a reporting insider who has to report buys/sells due to nfg being listed on the TSX-V

[@enzoloko7483]

Uranium equities underperforming sp500 by 23% this year. Uranium news vs uranium profits.

[@BloorStreetCapital]

That's why you have be diversified! Gold is up 25% and going higher!

[@carbonduke01]

​Gold is not up. 1 ounce of gold is still 1 ounce. The fiat, gold is still selling for went down in value. But not for long. It will be unobtanium for fiat.Curious what will happen on october 22-24.

[@michaelbarrett8803]

PSLV

[@stephenpaul4258]

Be careful with Sprott. He is not the ordinary investors friend. I avoid most of his investment involvement.

[@rudeawakening3833]

And you say this - WHY ?

[@friendlychat34]

Very unprofessional not to have timestamps on your videos

[@jasonpost7538]

What a crook put your metal in your own hands

[@viaggi3945]

I don’t think he is a billionaire. This is just a puff piece to promote this guy. Look at the big gold mining stocks. They have been dead money for decades.

[@alfred1535]

Short gold

[@BloorStreetCapital]

Go ahead if you want to get your face ripped off!

[@carbonduke01]

😂😂😂😂😂

[@sw3559]

Kaspa and Bitcoin are the future. Metals are for boomers.

[@BloorStreetCapital]

Time will tell!

[@dannyarcherg2630]

So nothing to do with leverage of etf management fee income whether the price goes up or down?