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Sprott Berates Berkshire’s Buffoons And Says “All Markets Are Manipulated”

Posted By admin On May 10, 2012 @ 3:27 am In Money Watch | Comments Disabled

Zero Hedge [1]
May 10, 2012

From the moment we all got to peek behind the over-leveraged financial system reality thank to Lehman’s collapse, the-powers-that-be have made every attempt to stop this whole thing unraveling.

Eric Sprott humbly suggests, when the CNBC anchor in the following clip questions recent gold price action as evidence of something wrong in his thesis, that just as Jim Grant opines, “All markets are manipulated” and that Central Banks (who are desperately trying to revive the dying system in every extreme monetary scheme possible) simply do not want to see the price of gold rising.

He then notes that Silver is likely to be the investment of the next decade (although offers no strong thesis other than levered gold). Shrugging off the obfuscation from Omaha, “People who sell paper gold and paper silver can rule the markets in the short-term but physical participants will win the day in the long-run”.

Detailing some fundamental drivers for gold’s advance, as the investment of the last decade and so for those three gentlemen (Buffett, Gates, & Munger) who missed it, I don’t know that I should respect their opinion at this point in time.

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URL to article: http://www.prisonplanet.com/sprott-berates-berkshires-buffoons-and-says-all-markets-are-manipulated.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/sprott-berates-berkshires-buffoons-and-says-all-markets-are-manipulated

[2] Eric Sprott Discusses Silver’s Prospects And Last Week’s Raid With Max Keiser: http://www.prisonplanet.com/eric-sprott-discusses-silvers-prospects-and-last-weeks-raid-with-max-keiser.html

[3] Big Banks Manipulated Energy Markets In California and the Midwest … Ripping Off Tens of Millions of Dollars in 9 Months: http://www.prisonplanet.com/big-banks-manipulated-energy-markets-in-california-and-the-midwest-ripping-off-tens-of-millions-of-dollars-in-9-months.html

[4] Commodity Futures Trading Commission: Silver Market is Manipulated: http://www.prisonplanet.com/commodity-futures-trading-commission-silver-market-is-manipulated.html

[5] Silver surge prompts conspiracy theorists: http://www.prisonplanet.com/silver-surge-prompts-conspiracy-theorists.html

[6] PhD Economist and Dean of Business School: Gold Prices Manipulated: http://www.prisonplanet.com/phd-economist-and-dean-of-business-school-gold-prices-manipulated.html

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