At the beginning of his speech, he answered the question, is the current moment ideal for buying gold? In his opinion, the ideal time was in 2000, when one ounce of gold was worth $ 250, and in 2011 its value was already $ 1921. But now investing in gold is a very good solution.
Eric Sprott, like other Golden Beetles, is convinced that the COMEX exchange in New York and the LBMA in London are significantly restraining the rise in gold prices. In support of this statement, he cited the fact that the world began to experience a shortage of gold and silver, caused by the fact that many mining companies and refineries suspended their work due to quarantine.
Sprott is confident that in the current 2020, the price of gold will rise to $ 2,000 per ounce. “Believe me, I won’t be surprised if the cost of precious metals reaches $ 2000 in the spring,” the Canadian billionaire voiced such a forecast.