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Eric Sprott on the wild week in markets (Weekly Wrap-up, March 2, 2018)

Head Shot of Eric Sprott Weekly Wrap Up

March 2, 2018

It’s been another wild week as market jitters lead more foreign governments to stockpile gold. Eric talks about India’s gold reserves, the current state of the stock and bond markets, and the effect of all this on mining shares.

Plus, he issues a dire warning to the U.S about tariffs.

“I saw an article on ZeroHedge where the U.S put a tariff on steel back in 2003 and the market went down 30%. And the tariff didn’t make it through the whole year… We have to wait and see what the repercussions are gonna be. There’s no doubt that the U.S. economy has suffered for a long time by the lack of anyone trying to protect industry in the country. I feel sorry for people who rely on factories and manufacturing things to survive, because there’s been absolutely no care for that area. Everything’s become financial… So you do need a little bit of strengthening of the trade policies. But what’s the effect on the stock market? It would be good for jobs to have tariffs, but the stock market? Totally different question. There will be outcomes in other countries in reaction to this… Nobody wins a trade war.”


To hear Eric’s full thoughts, listen here:

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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.