Eric Sprott On How He Made His Billions!

[@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!

[@martinleepgg]

Watch, listen and learn, Eric is a master. Thanks for this opportunity, plenty of nuggets here.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Martin 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!

[@patricklafontaine137]

agreed imagine the stories

[@patricklafontaine137]

"When you know you have a winner you focus, and you keep pushing and pushing...You keep pressing the bet that's what you do"

[@BloorStreetCapital]

Thanks for the comment Patrick! Yes he has some amazing quotes!

[@patrickdonnelly1709]

Interesting insights on how Eric looks at junior gold companies. I really like his term "stealing"!

[@BloorStreetCapital]

Thanks for the comment Pat and for the ongoing support!

[@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!

[@jimallen833]

This was so good I listened to it again! I would love to sit down with Eris and have a few drinks.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Jim and for the ongoing support!

[@bullishforgold8790]

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

[@c0ach790]

Great stuff! Sprott is always a great listen. How about getting Rick Rule next?

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Great call on Rick and I will work on it!

[@cherylhills3227]

Yeah, it just goes to show how even the most successful investors can have both big wins and significant losses. The Kirkland Lake move was genius, but what do you think went wrong with Pure Gold?

[@CarlAcevedo-sc3bl]

It could have been due to a number of factors timing, mismanagement, or even macroeconomic conditions affecting gold prices. But it does highlight how risky single-stock bets can be, even in industries like mining, which Sprott knows very well

[@RandyColby-mj1zm]

Someone like Eric Sprott probably takes more calculated risks because he can afford to, but for most of us, a bit of extra guidance can prevent massive losses

[@christopherherbert2407]

Yeah, it’s not just about preventing losses, it’s about managing risk effectively. In Sprott’s case, the billion-dollar gain in Kirkland Lake outweighed the Pure Gold loss, but that’s not the situation most retail investors are in. A CFA could be critical in balancing those risks

[@BloorStreetCapital]

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

[@JoshuaTrinityWolf-dc4up]

Joined Sprott by investing 80 K in 2016.I felt it was a solid bottom and now with miners we are in retirement and building a trust for dogs and cats. When we reach our goals I will name a dog " Sprott " and use this money to save live when added to our estate.

[@RonaPatton]

It's wonderful to hear about your investment journey with Sprott and your plans for retirement, as well as the thoughtful initiative of building a trust for dogs and cats. Your commitment to saving lives is commendable. As you work towards reaching your financial goals, it may be beneficial to consult with a financial advisor. They can help ensure that your investments align with your objectives, particularly as you prepare to establish the trust and manage your estate effectively.

[@BloorStreetCapital]

Thanks for the comment Joshua and taking the time to view our content! The only problem with naming your dog Sprott is that people will always be asking you 'what's with the name'.

[@Gold_Silver.]

Eric Sprott the 🐐 of precious metals/economics 👌🏽

[@BloorStreetCapital]

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

[@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!

[@st6548]

awesome interview, thanks!!!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment 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!

[@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.

[@Carnivorelion]

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

[@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.

[@gordpearson9802]

Thanks Jim/Eric, enjoyed the conversation

[@BloorStreetCapital]

Thanks for the comment Gord 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!

[@natecontant188]

Now this is long perspective I needed, capitilize on getting in young especially with commoditys

[@BloorStreetCapital]

Thanks for the comment Nate 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.

[@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!

[@SectorUpTrend]

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?

[@SectorUpTrend]

@@BloorStreetCapital Rick Rule , talk about networth etc.

[@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

[@yourplumbingpal1225]

This is just brilliant, thank you.

[@BloorStreetCapital]

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

[@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!

[@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!

[@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!

[@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.

[@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'.

[@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!

[@Apmgold1]

Great interview! I always follow Eric Sprott. I wonder if he will invest in the 10Moz AuEq Euro Sun Mining in Romania?

[@BloorStreetCapital]

Thanks for the comment/question. I can't speak for Eric but my first thought is no. Why go to Romania when you can invest in Canada which has a vibrant mining industry. Mining is fraught with risks so why complicate it by going to countries which don't respect mining and the rule of law ie. Burkina Faso or Panama

[@Apmgold1]

@BloorStreetCapital Yes, that makes sense. Well, I think I will invest a small portion in ESM just because it is $1 USD/Oz, and they are just waiting on the European CRMA to designate this project as strategic. Wish me luck! 😅

[@orpheusepiphanes2797]

​@@BloorStreetCapitalIt depends on the jurisdictional discount you get really.

[@matefarac7297]

Jimmy, did you pile up on freegold ventures?

[@BloorStreetCapital]

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

[@fruitloops3718]

It would be nice to have a half a million to give someone to help out without a thought.

[@BloorStreetCapital]

Oh yeh!

[@frankbeneditto2648]

Great Interview Jimmy! Thanks.

[@BloorStreetCapital]

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

[@ulfeliasson5413]

Good interview. Realy enjoyed it

[@BloorStreetCapital]

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

[@peterchung7151]

please share recording here after. thank you

[@BloorStreetCapital]

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

[@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!

[@BloorStreetCapital]

Thanks for the comment John and for taking the time to view our content! Yes I'm sure he would be a great guy to have a drink with.

[@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!

[@BanditHat]

I couldn't agree more begs to ask will they print and inflate or not I would think it seems they will inflate aka buy gold n silver all you can.

[@mikeaddis1494]

Forward PE NVIDA is 33.43

[@BloorStreetCapital]

Yeh crazy!

[@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!

[@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.

[@lupus7194]

A year or so ago, I had thoughts of selling some gold bullion and buying gold mining shares. Looking back, I'm glad I didn't. In the last year, gold has gone up 32% but shares in DeGray Mining (an Australian miner with similar prospects to Freegold) have gone up 15%. Gold Road shares which I own has performed even worse. Mining shares never seem to go up until they are actually producing and even then, it is not certain.

[@BloorStreetCapital]

Thanks for the comments! Like any investment it is very important to do your homework. Many gold stocks are up 50% or more but many are flat on the year.

[@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 “ !!!

[@leroyjones6170]

Heck yes Jimmy!

[@BloorStreetCapital]

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

[@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.

[@Timothy_Pitt]

He implies he has not invested in WRLG

[@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!

[@esioanniannaho5939]

Vince Lanci said quite incisively that large Fund Managers will rebalance their portfolios and follow Sam Duncan Miller rotation from Tech to newmont etc in November in their new tax year from 1st November and when Earnings are published in the 1st of November. So front run them and get some large cap Au Ag Miners take off then Sell them in December or January and get some large benefits 🎉

[@BloorStreetCapital]

Interesting comments thanks!

[@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!

[@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?

[@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 ?

[@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.

[@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.

[@orpheusepiphanes2797]

Aaaaand they caught up😂

[@avblwd]

Funny enough Pure Gold is one of my best winners. I bought the c19 dip and I guess I sold on time.

[@BloorStreetCapital]

Nice! Being patient can help you and hurt you.

[@satstacker6306]

Bitcoin up 60% this year. Whose goin tell eric?

[@BloorStreetCapital]

Ha yes it is!

[@leinad5243]

Eric slim down for summer fun!

[@thehedgelesshorseman7656]

GOAT

[@BloorStreetCapital]

I couldn't have said it better myself.

[@friendlychat34]

Very unprofessional not to have timestamps on your videos

[@BloorStreetCapital]

Okay lets clarify a few things...First this interview required a great deal of time and effort by many people and was in the works for many months. Second, it is totally Free to you. Third, it is very 'unprofessional' of you not to acknowledge the people and the effort involved in this production. Fourth, please Unsubscribe as I only want Subscribers who appreciate our efforts.

[@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

[@jeromesharpe2102]

Do you have any evidence of that? I can find none. Thanks.

[@michaelbarrett8803]

PSLV

[@Dhurgasworld]

,, good

[@BloorStreetCapital]

Thank you!

[@lukew4354]

👍

[@alexhockey22]

why is this so disliked?

[@BloorStreetCapital]

For the most part the comments have been very positive. Eric has the respect of many, including myself.

[@alexhockey22]

@@BloorStreetCapital what I mean is if you have the Dislikes enabled on your browser the video has 6.3k dislikes vs 1.2k likes for some reason?

[@ELIOSANFELIU]

Eric Sprott¡¡

[@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.

[@BloorStreetCapital]

Oh I can assure it's not a puff piece. Yes many of the big caps have been underperforming but as Eric mentioned, he doesn't play the big caps, he plays the micro and small caps.

[@orpheusepiphanes2797]

His portfolio is publicly available to see for yourself

[@jasonpost7538]

What a crook put your metal in your own hands

[@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!

[@orpheusepiphanes2797]

What the hell is Kaspa?😂

[@dannyarcherg2630]

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