Eric spoke to the incredibly fragile Western financial system, and pointed out the one event, which when it occurs—will completely take the lid off of gold.
When Tekoa Da Silva asked Eric Sprott what catalyst will send gold much higher, Eric noted that, “The one event in my mind would be when it becomes apparent to everyone that having a deposit in a bank is a very risky situation. We saw that in Cyprus where the depositors got nailed on the bail-in. We’ve seen all these proposals to have bail-ins as the solution to the problem in the US, in Canada, in Britain, in New Zealand and in Europe. All the paperwork has been laid out.”
….read the entire interview HERE