Eric Sprott : China big Buyer of Gold and Silver

GoldSeek Radio's Chris Waltzek talks to ERIC SPROTT - April 17, 2012 . Eric Sprott, Chairman of Sprott Asset Management, and Chris Waltzek of GoldSeek Radio, talk about the outlook for Precious metals . They comment on how increasing interventions by central banks, from zero interest rates to money printing and bond buying have completely distorted the financial markets.

Paper money has NOT been around for 'hundreds of years'. Paper money after the American Civil War could be traded in for gold or silver. That ended for gold in the 1930's and for silver in the early 1960's. Paper currency that has an intrinsic value, 1 dollar silver certificate meant you could exchange it for silver coins. Holding the paper money was like holding the physical metal. Fiat money has no intrinsic value. It is paper!

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet