Mining entrepreneur Eric Sprott, just back from Australia, was interviewed Friday by Craig Hemke for Sprott Money and reflected on last week's activity in the monetary metals. Sprott says bitcoin is making currencies look weak even as gold and silver suffer short-selling in the futures markets, but the monetary metals are holding up well despite the raids against them.
Sprott adds that the U.S., U.K., and Canadian economies are far weaker than generally portrayed, with real wages stagnant and more inflation than government data admits. In these circumstances, Sprott says, increases in interest rates would not make much sense.
The interview is 10 minutes long and can be heard at the Sprott Money internet site here:
https://soundcloud.com/sprottmoney/sprott-mon...wrap-up-1117...
