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, On Tuesday April 5, 2011, 11:50 am EDTEric Sprott's Sprott Asset Management knows a little something about investing in gold and silver, so when Sprott calls silver "the investment of the decade," those are words worth listening to.
In an interview with Mineweb, Sprott said "Silver is the investment of this decade as gold was the investment of the last decade." And it's hard to argue with that assessment as silver prices have nearly doubled in the past year and more than tripled since June 2009. Sprott, who last month said silver prices could go to $100 an ounce, told Mineweb that he does not see a gold/silver pricing ratio of 38:1 to lasting.
"So our view is that it will probably go back to 16:1 and the easiest way to imagine that is that if gold was $1,600, silver would be $100 - so that's essentially the theory that we're espousing," Sprott said in the interview. Sprott added that his firm remains "very bullish on gold," but that he expects silver prices to "treble" gold over the next three to five years.
Sprott: Silver Is The Investment Of The Decade
