Eric Sprott: What “housing Armageddon” means for gold and silver (Podcast)
Eric Sprott: What “housing Armageddon” means for gold and silver Podcast – Sprott Money
It may be the kickoff of a U.S. holiday week, but there’s no shortage of gold and silver news to sift through. Eric Sprott stops by once again to help us sort the signal from the noise.
On this edition of the Wrap-Up, you’ll hear:
• Is a December rally in gold and silver just around the corner?
• Why lower interest rates would be good news for gold
• Plus: The health crisis that could wreak havoc on the economy
“We’re seeing signs of stress in the bond market. Some of the best commentators are suggesting there are fundamental weaknesses. In fact, one of the best says, ‘You know, we all knew it was phony. Zero interest rates and the printing of money.’ The whole nine-year rally from ’09 to today, we knew it was phony. It was the elephant in the room. But because the markets kept going up, we didn’t worry about it. Well, you know what? Now that we’ve reversed things, we SEE the elephant in the room. Which is: higher interest rates and restricting money growth.”