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Silver Wars: Eric Sprott to Purchase $1.5 Billion in Physical Silver for Fund
Nov. 23, 2011 05:16PM PST
Market NewsExaminer.com reported that Eric Sprott Management is creating a new silver fund requiring a large purchase of physical silver.
Examiner.com reported that Eric Sprott Management is creating a new silver fund requiring a large purchase of physical silver.
As quoted in the market news:
Eric Sprott has been working and planning this new ETF for a long time, and with silver prices being forced down due to a global liquidity crisis, the time is right for him to strike the physical silver markets with over $1.5 billion dollars in ammunition. The silver wars are about to begin, and the old guard of the markets will unlikely be prepared for the coming battle.