Saturday, January 29, 2011

Invest Like a Legend: Eric Sprott

The Globe and Mail
Published Thursday, Jan. 27, 2011 4:21PM EST
Last updated Thursday, Jan. 27, 2011 4:45PM EST

HOW I WOULD INVEST A $100,000 WINDFALL: I would probably put 80% in precious metals, 10% in energy, and another 10% in agriculture, as well as special situations stocks.
ADVICE FOR INVESTORS: They should be in fear of the whole financial system collapsing, and figure out how they are going to survive in a worst-case scenario. Invest accordingly. That is why we have always thought that gold and silver were the pre-eminent places to be.  LINK...
Eric Sprott is one of the most successful investors in the country and I don't think he's joking about putting 80% of a portfolio in precious metals, because he has a proven track record of doing this.  BK