• Gold: 1,175.41 0.64
  • Silver: 14.45 0.02
  • Euro: 1.134 -0.000
  • USDX: 96.696 -0.121
  • Oil: 64.98 -1.65

Weekly Wrap-Up with Eric Sprott

|
March 16, 2018 - 4:34pm

It’s a lively discussion this Friday, as yet another chaotic week wraps up. Eric Sprott has plenty to say on President Trump’s new chief economic advisor, the ineffectiveness of the tax cuts, and what all this chaos means for gold.

“We had this tax cut and we thought two things would happen: People would spend more money (NOT!) and companies would spend more money (NOT!). We had all this theory that everyone’s going to have more money to spend, and nothing happens! … It boils down to the basic facts that you and I have discussed: The average guy is experiencing sharp inflation and no wage increase. … We keep forgetting about the changes in health care premiums—which, of course, are consuming huge amounts of everyone’s income. And even real estate taxes, and insurance bills and, oh my God, the things that are going up all the time! The amount of money we have to spend on phones that we never spent on phones 15 years ago. Incredible expenses for families. They’re having a tough time… I’m not surprised we don’t have liftoff.”

To hear Eric’s full thoughts on these topics and more, listen here: https://soundcloud.com/sprottmoney/sprott-money-ne...

No votes yet

About Eric Sprott

Eric Sprott is Chairman of Sprott Inc., CEO, CIO and Senior Portfolio Manager of Sprott Asset Management LP and Chairman of Sprott Money Ltd. Eric has over 40 years of experience in the investment industry.

Article Comments

Sponsored Links

Live SilverSeek Map