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“Everything says we should be bottoming.” - Eric Sprott on the nascent rally-Weekly Wrap Up (August 24, 2018)

Head Shot of Eric Sprott Weekly Wrap Up

August 24, 2018

Things appear to be stabilizing here, with Gold up more than 1% on the week and other signs looking good for precious metals. Eric Sprott is back to break it all down for us.

This week on the wrap-up, you’ll hear:

Why Gold is not just a proxy for the U.S. dollar

Which developments the market is ignoring

Plus: why bank profits are “disproportionate”

“I would think that the people in most countries today would be thinking about owning gold, with their currencies getting decimated on a regular basis. I mean, you look at the damage of currencies yesterday, and there were probably ten currencies that fell over 1% in the day. You know, currencies are supposed to be stable. They’re not supposed to be like stocks or something. But they’re truly very, very weak, whether it’s Iran or Venezuela or Turkey… There are so many reasons for people to want to get out of paper currencies and into something hard.”

Ask Eric a question by following us on Twitter ( or Facebook ( and post to us using the hashtag #AskEricSprott

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To hear Eric's full thoughts and more, listen here:

Don’t miss a golden opportunity.

Now that you’ve gained a deeper understanding about gold, it’s time to browse our selection of gold bars, coins, or exclusive Sprott Gold wafers.

About Sprott Money

Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.

Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.

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Head shot of Craig Hemke

About the Author

Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities.

Since 2010, he has been the editor and publisher of the TF Metals Report found at, an online community for precious metal investors.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.


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