Billionaire Eric Sprott Says Central Banks Panicking As ‘The Whole World Is Buying Gold Here,’ Including Druckenmiller
Wednesday, February 8, 2017 at 05:27PM
Silver Prices

Today billionaire Eric Sprott told King World News that central banks are panicking as the whole world is buying gold here, including Druckenmiller.

Eric King:  “King World News was the first news organization in the world to report that multi-billionaire Stanley Druckenmiller had bought back his gold position and today (two days later) Bloomberg news confirmed it.  What are your thoughts on Druckenmiller buying back his gold position?”

Eric Sprott:  “When Druckenmiller sold his gold, which turned out to be great timing, I never subscribed to the thesis of why he sold it, although it was correct (in terms of timing).  I had been wondering lately, is this guy going to come back in here?  I was wondering that simply because of all the uncertainty with U.S. politics and what’s going on in Europe, Japan and China  With that as the backdrop you would think he would want to own gold.  So I was quite pleased to see him stepping back in and I think it’s a leading indicator of how other mainstream people are thinking.”

read more.....

 gold is holding up pretty well at moment, lets hope that this rally can continue....

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.





Winners of the GoldDrivers Stock Picking Competition 2007 



 Follow us on TWITTER @goldprices



Article originally appeared on Silver Prices (
See website for complete article licensing information.