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Speaker 1: There's no more resistance because we're in uncharted territory, but

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we could conceivably see it go to five thousand, maybe

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ten thousand, maybe even more. I don't even hazard a guess.

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I don't know when it's going to happen. I'm not

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sure that it's going to happen, but I am sure

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that Eric Spratt, should it happen, is going to be

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the biggest beneficiary of it. And this means that his

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influence in the space will position him as one of

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the most powerful individuals on the planet.

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Speaker 2: So let's take a look at Eric's journey.

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Speaker 3: You're listening to Carrie Letz's Financial Survival Network, where you

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get valuable information you just can't find anywhere else to

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thrive in today's trying times. You need the Financial Survival

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Network now more than ever. Go to Financial Survivalnetwork dot

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com and get your free newsletter and gift. Financial Survival

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Network now more than.

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Speaker 1: Ever, and welcome this. It is Financial Survival Network. I'm

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your host, Carrie Lutz. It's time for another Triple Lutz Report,

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and this is Triple Lutz Report or ninety five. So

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wrote an article. I I hope you've all had a

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chance to take a look at it. Basically, is Eric

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Spraught the next Elon Musk. And look, we've been living

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in a world dominated by tech billionaire oligarchs like Elon Musk.

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Speaker 2: He is an oligarch, even though he might be out.

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Speaker 1: Of touch with the other oligarchs because he's seems to

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be leading more and more left, more and more right,

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rather whereas the other oligarchs keep leading more and more left.

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He is an unabashed supporter of free speech. Free speech,

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whether it's fake news or whether it's whatever you know,

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deep fakes, whatever it might be satire which was just

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outlawed in California, deep fakes within the ninety days of

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an election or one hundred and twenty days before ninety

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days after. It's insane. But look, you know what it

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comes to impact upon society, all of his different businesses,

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Musk is in a league all is own. But I

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believe we are heading for its a revision or reversion

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back to original wealth. An original wealth was basically wealth

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you took from the ground, and that could be trapping

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furs in Canada, that could be water. Oh now it's

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precious metals, gold, silver, platinum, and Eric Sprout, you know

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a multi billionaire from Canada, interviewed him once many years ago.

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He's quite gracious, just a regular guy. In the past.

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The twenty years that I've been doing this, actually twenty

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five years since I started buying gold, Eric Sprott has

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quietly amassed one of the most formidable portfolios, if not

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the most formidable, in the mining sector. And as the

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prices of gold and silver continue to climb, his wealth

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and power are going to climb too, and perhaps they

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will eclipse or surpass all the tech moguls, including Elon Musk. Now,

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Eric's been doing this for fifty years nearly, and he

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started when gold was probably around one hundred and eighty

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two hundred dollars the ounce.

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Speaker 2: Currently gold's hovering.

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Speaker 1: Near twenty six hundred ounce, and I believe it's boised

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for an even more explosive rally once it hits three thousand.

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That is a major psychological number. There's no more resistance

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because we're in uncharted territory, but we could conceivably see

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it go to five thousand, maybe ten thousand, maybe even more.

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I don't even hazard a guess. I don't know when

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it's going to happen. I'm not sure that it's going

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to happen, but I am sure that Eric Spratt, should

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it happen, is going to be the biggest beneficiary of it.

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And this means that his influence in the space will

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position him as one of the most powerful individuals on

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the planet. So let's take a look at Eric's journey

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to becoming a multi billionaire. He began in the finance world,

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not in the tech world, and after starting his career

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as a research analyst at Merrill Lynch, he found its

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brought Securities in nineteen eighty one and set his sights

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on the resource sector, and unlike many investors who chased

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the fast growing tech stock, he remained committed to the

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tangible valalue of precious metals. His conviction that hart assets

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such as gold and silver would serve as the ultimate

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store of wealth in times of economic turbulence. That is

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kind of the hallmark of his career. Look, what we're

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saying is a dollar hedgemony, threatened dedollarization of the Bank

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for International Settlements declaring that gold is a Tier one asset.

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So basically he's invested heavily in gold, silver and mining

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companies as well as being a physical holder. You know,

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He's got several ETFs that hold precious metals that actually

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are audited and can prove their assets. They're audited yearly,

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and some of them, I think are even audited more

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than that. The spot physical commodity ETFs. He's got one

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for uranium now. But perhaps his greatest asset is his

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ability to identify undervalued mining firms provide them with a

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capital necessary to develop their resources and come to market

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or be bought out. And this strategy has earned in

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billions already. But if I'm correct, and I believe that

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I am in the coming surge and precious metals, this

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fortune could increase exponentially and look so goal Currently twenty

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six hundred nouns pretty close. Many experts predict it's just

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the beginning of a much larger rally. I think it is, too.

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I don't know when the next phase of it is.

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My personal feeling is probably time for a pullback to

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like the twenty four hundred and twenty three point fifty

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at the bottom, But it could go more than that,

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because one thing about the gold market and the precious

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metals market is that it always frustrates the majority of

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participants and always proves them wrong. So, but look at

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the factors that are driving this potential surge inflation, global

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economic uncertainty, wars. I mean, we've got multiple wars taking place,

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some of which you know about you reading the paper

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is Ukraine, Israel, Middle to East, but some of them

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are just very covered up. You don't even know what's

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going on. Africa. There's wars happening, not much in South America,

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but that could blow up at any time. China. Is

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China going to invade Taiwan? My gut feel is they

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are not. They like to project power and saber rattle

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right now. China is he not aware, has cleaned large

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swaths of the South China Sea is their own for

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which they have no historical claim upon, but they go

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back like two thousand years. You know, some people from

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China landed in the Philippines, so it's ours and they've

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made these artificial islands which are thinking.

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Speaker 2: So my point is, I don't want to dwell on

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it too much.

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Speaker 1: Is that the geopolitical situation, the risk of global conflagration

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has never been higher. And when we look, silver has

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been the laggard. Silver you know right now is around

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thirty one bucks the ounce. It just can't seem to

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stay over thirty bucks. But there was a guy Biederman

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who I used to interview when I first started my podcast,

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and he said, right now, silver is the worst investment

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in the world.

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Speaker 2: But one day you are.

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Speaker 1: Going to wake up and silver will be the best

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investment in the world. I don't know when that's happening,

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but my gut feel is it's sooner rather than later.

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So a silver and gold boon would increase sprot's influence dramatically,

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and in my opinion, it will surpass the tech entrepreneurs

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and the hedge fund managers in the world, and a

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strategic vision will guide the development of some of the

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most valuable resource companies. Happened happened back in the thirties

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when the gold was devalued, and this led to you know,

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it's an interesting thing. When gold was devalued, the purchasing

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and the power of the dollar was actually going up,

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so when they tried to inflate they weren't able to

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so effectively. They gave all of these active liners a gift.

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Gold went from what was it, thirty four dollars to

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forty two. It's just a huge increase, you know, it's

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like twenty five percent. But this was on top of

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the dollar that had already increased in purchasing power. Now

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we're seeing a dollar decreasing and purchasing power. So the

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one thing I see happening here, and it's a wake

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up call to the investment world. All wealth begins with

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resources and extracted industries. Traditionally, that was the way wealth

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was created. For decades. Technology has been at the forefront

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of wealth creation, but without the basic resources gold, silver, copper, nickel,

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and numerous other metals uranium, there can be no tech revolution.

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Everything from evs to renewable energy infrastructure requires these raw

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materials and demand is growing. But the governments of the

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world are so stupid they're not speeding up the turnaround

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time for permitting of minds. In fact, that time has

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gotten longer and longer and less and less huge minds

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are being developed. So it's brought He understood this truth

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a long time ago. He had the ability to financial

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wherewithal the weight it out and finally his weight is

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going to be paid off.

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Speaker 2: And look, when you've.

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Speaker 1: Got currency devaluation, the debt increasing geometrically, all these things,

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and then a lack of supply. This means something major

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is going to happen. I don't know when, but I

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think the thesis is clear. It's going to happen. Just

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be prepared. So his ability to control such a large

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portion of the market gives him significant geopolitical influence as well.

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Governments and industries will need the resources produced by the

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companies in his portfolio, making him an essential player in

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the global economy. And his power is not just going

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to be limited to financial markets. As his wealth and

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influence grow, will likely become a more prominent figure in

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shaping the global marketplace. And look, he's getting older. He's

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up in years. I don't remember his exact age, but

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the fact is, assuming he stays around and he stays healthy,

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trend is set. He's going to be a key player

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in global resource policy, and he's going to drive the

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future of extracted industries. So he may not just be

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the next Elon Musk. He could become an even more

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dominant force defining the future of global wealth and power

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in the resource driven world to come. So it's been

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another triple let's report Carrie Leuts signing off. Make sure

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you go over to Financial Survival Network dot com. Take

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a look at what we've got. Sign up for your

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free newsletter. Al great to talk with you again. We'll

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be back.

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Speaker 3: Thanks for listening to Carrie Letz's Financial Survival Network, your

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solution to today's trying times. For the latest, go to

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Financial Survivalnetwork dot com. Financial Survival Network now more than ever,