then the legend eric sprott house brought asset management eric sprott welcome to the kaiser report and max are very happy to be here particularly because you have been such a stalwart in pushing people towards silver which i think is the best recommendation anyone could make this decade and i'm happy to aid and abet that cause in any way i can all right eric sprott you call silver the investment of the decade i think you still stand by that statement give us a rundown on where we are currently in the silver a market well i've always looked at silver and gold as a situation where the demand will exceed the supply and when i looked at gold in the last decade we had a great change in from the demand side where central banks used to be sellers and became buyers and we used to have no e.t.f. now we have e.t.f. he said mining companies would hedge now they don't hedge and the shifts in ownership have been dramatic in a market where we really see no rise in supply in a case a silver would really turn me on about twelve months ago was as we witnessed people buying silver you realise that there

or yourselves what is the sweet spot in this curve if you know a million of corn eric sprott is not the number one hundred million according to what i just heard you say is yes you have a very very very big event you know in the market at some point so what you know is that we know what the aboveground supply of silver is you know the demand is you know the mining output is we know what the training volume is we know all these things so what is the sweet spot what is the number that it would take to drive one dollar up in the price of silver is it a million is it two million is two point five billion that number can be extrapolated from the information that we have what is that number i'm not sure it can be extrapolated in there to be because there's too much data we don't have the right so i'm not sure i agree with that actually but what i would say is maybe that's the point is the thousand pounds bars actually i think perhaps you know although yes without question the core and most important point is people of the groceries level taking some small denomination coins out of circula

well we would be in a whole different place very quickly i asked the same question of eric sprott on the show with the example of a million ounces and his response was well you know i'm an i'm an institutional primarily institutional. money manager and you know we don't you know we don't really think that a million ounces if you know it wasn't it wasn't going to register as a seismic event based on the numbers that he is used to so i can sing another bite of the apple here i'm looking at what i'm trying to get from my experts like eric sprott or yourself what is the sweet spot in this curve if you know a million of corn eric sprott is not the number one hundred million according to what i just heard you say is yes you have a very very very big event you know in the market at some point so what you know is that we know what the above ground supply of silver is you know the demand is you know the mining output is we know what the training volume is we know all of these things so what is the sweet spot what is the number of that it would take to drive one dollar up in the price of silve