Eric Sprott is a self-made billionaire and precious metals advocate.
He’s a self-described “pragmatist”. That means he doesn’t waste much time studying esoteric concepts like U3 and U6 unemployment rates, M1, M2 and M3 money supplies, the velocity of money, and any number of theories that are incomprehensible to anyone who doesn’t have a PhD in economics.
Instead, being a pragmatist, Sprott deals with events in a common-sense manner. His common sense is confirmed by the fact that it laid the foundation for his billion dollar fortune.
More importantly, being a pragmatist devoted to common sense, Sprott doesn’t try to impress people with his vocabulary. Instead he impresses with his ability to clearly communicate fundamental principles with ordinary language that most people can understand.
Here’s a video of Mr. Sprott’s presentation to the “Mines and Money” conference at Hong Kong in April, A.D. 2013. If you could grasp the fundamental principles presented by Mr. Sprott at this conference, your ability to invest and protect your wealth would be hugely enhanced. This video is worth listening to more than once.