| Eric Sprott, founder and CEO of Sprott Asset Management believes that silver miners should invest in the commodity that they produce. Last week, Sprott announced that he was going to urge producers to do just just that—stop selling all of their silver for cash and instead, retaining a portion as reserves.
“I’m writing a letter basically suggesting to the silver producers, you guys have all this money. Why do you have it in banks? Put it in silver,” Sprott said on King World News. “It’s a way better asset than having a bank deposit that pays zero interest rates and you take all the risk of the bank on.”..............................................Full Article: Source
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