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<p>[QUOTE=&quot;mikem2000, post: 1746416, member: 30574&quot;]Well, here is an example of why I think the the bullion bloggers and such lead the PM Bulls down a wrong path.&nbsp; Let&#039;s look at Sprott.&nbsp; As you know, Sprott INC.&nbsp; manages various investment vehicles and hedge funds that are based almost entirely in PM&#039;s.&nbsp; As you can imagine, essentially all of his funds have gotten clobbered this year to the tune of around 30% of more.&nbsp; His company has got some major problems now as he is selling PM to raise capital, etc. etc.&nbsp; as you would expect as folks are running to door.</p><p>&nbsp;</p><p>&nbsp;Sprott also shoved the PM philosophy to anyone who could read or listen.&nbsp; We all know the banter.&nbsp; In addition, he had price target of $100 on Silver.&nbsp; Another of Sprott&#039;s &quot;beliefs&quot; was he was against diversification, he has stated so many times.</p><p>&nbsp;</p><p>So if we were to take Sprott&#039;s word at face value, you would have to believe his personnel portfolio would contain, mostly PM&#039;s in one form or the other.&nbsp; I mean he preaches their benefits, thinks silver was going to $100 and does not like diversification.&nbsp; That would be the only logical conclusion, right?</p><p>&nbsp;</p><p>So now lets look at his personal wealth.&nbsp; You would think he took a whooopin&#039; like the vast majority of stackers, but Forbes has reported that Mr. Sprott has actually increased his net worth by $150 million dollars in 2013.&nbsp; That is almost a 15% increase and his fortune now stands at 1.3 Billion dollars.&nbsp; How can that be?&nbsp; My only conclusion is Eric Sprott was holding a buttload of equities, not PM&#039;s.&nbsp; You can draw your own conclusions.[/QUOTE]</p><p><br /></p>

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