Tag Archives: silver shortage

Eric Sprott, co-founder of Sprott Money, shared his insights into the gold and silver markets, predicting that gold could reach $3,000 per ounce and silver $50 by year-end. While gold has recently hit record highs, silver has lagged behind despite a 20% supply shortage. Sprott remains optimistic about undervalued gold and silver stocks like Discovery Silver and Free Gold Ventures. He also highlights silver's rising demand, driven by sectors like electric vehicles and new technologies. Sprott emphasizes the importance of staying informed, as global market shifts and government actions will significantly impact the precious metals landscape.

In the last several months, the world economic crisis has entered a new elevated level of perma-crisis and constant tension, widely recognized as something more serious, more dangerous, and more risk-filled. This new normal is neither without resolution nor the attempt to resolve anything and, as such, is why the price of gold will rise to $5,000 per troy ounce, then higher, and at the same time, the silver price will rise multiples higher. Let me explain.