Sprott Money News
Established in February 2008, Sprott Money Ltd. is a leading precious metals dealer selling gold, silver and platinum bars and coins online or by phone 1-888-861-0775.Get the Sprott Money perspective with featured interviews by Eric Sprott and other leading precious metals experts on the latest developments in the precious metals market, stock picks, financial news and the economy. Check out past podcasts at www.sprottmoney.com
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Sprott Money News
Sprott Money News Weekly Wrap-up - 12.13.19
It’s Friday the 13th, and Eric Sprott returns to break down all of the “weird” volatility in the precious metals market. In another supersized edition of the Weekly Wrap-Up, Eric and host Craig Hemke discuss all the gold and silver news you need, including:
- Why every news event is “bad for gold”
- The problem with Modern Monetary Theory.
- Plus: When will the generalists take notice of the sector?
“Lo and behold, [the Fed] will have increased their balance sheet by $500 billion! So, this would more than offset anything that they bought back when they had their tightening program and put as at new highs in the Fed balance sheet…in supposedly good times! These are the good times. Let’s not forget that. Everything’s ‘wonderful’! The economy’s ‘good’. Inflation is ‘low’. The Fed’s balance sheet? Record high! And I’ll take you back to whenever QE started: ‘Now, it’s only going to be temporary. We’ll normalize things again.’ … Well, here we are, now we’re going to have a record high balance sheet and we have normalized nothing.”
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