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Eric Sprott on the US Dollar, commodities, and gold in the Pilbara region. (Weekly Wrap-Up, January 26, 2018)

It’s been a wild week: gold and silver are both up, but the US Dollar staged a late-week rally. Does this mean the dollar is back on track?

Eric Sprott says, “Not so fast.”

“For all Americans, they’re losing purchasing power on an international basis. Your Nissan is going to be 20% more expensive, other things being equal. The cost of any imports—it doesn’t matter what it is—the dollar has less purchasing power, so it’s a very, very significant thing…”

Add to that a bear market for bonds and a weak Fourth Quarter GDP, and the pressure on the dollar keeps mounting.

“We’re getting lots of indications that things aren’t as strong as they should be. Most of the ISMs have been weak. The Fed surveys have been weak. Retail sales were weak in December… There’s lots of talk of a boom, but I’m not so sure there is a boom. The data doesn’t support it.”

What does this mean for gold and the commodities market? Listen to Eric’s full thoughts 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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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.