“A Microcosm of the Great Depression” Behind Surging Gold and Silver Demand (Podcast)
“A Microcosm of the Great Depression” Behind Surging Gold and Silver Demand Podcast from Sprott Money
As coronavirus continues to wreak havoc on people’s lives, uncertainty reigns in the markets. One thing you can be certain of: Eric Sprott and host Craig Hemke will break down all the gold and silver news you need to ride out the chaos.
In this edition of the Weekly Wrap-Up, you’ll hear:
· What’s behind the trouble in the gold market
· The looming danger for the banking system
· Plus: Why this is “way more shocking” than the Great Depression
“So, what is going on here? Oh my God. I’m going to try to put it as bluntly as I can: New York is the new Wuhan. Just let that sink in. That is a devastating comment. And they had to shut down for three months, and they’re not out yet. They’re. Not. Out. Yet. And I think a lot of what we’re being fed by the politicians, the supposed health experts, is that we can get this under control, it will last for two weeks and all that stuff. ‘We’ll all be OK by Easter.’ It seems to me just totally preposterous, based on the analogy of Wuhan.”