Sprott - "Secret Gold Leasing Continuing; Gold Will Snap Back; Silver Will Launch To $200"

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I argue that there is 6,500 tons of demand and 4,000 tons of supply (each year), and the extra 2,500 tons is coming out of central banks that are leasing it. Imagine if they just stopped leasing it. Who knows where the price would go? You would get such chaos (disorderly upside trading in gold).

I can sense it has a lot of upside here. Total chaos can happen when we all realize that on a sovereign basis, the ‘Emperor has no clothes.'

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"I've alway been a believer that it (the gold/silver ratio) will go back to its historic ratio, which is 16/1. If the gold price went to $3,200, that would imply the silver price would go to $200. Well, a move from (the recent low of) $26 to $200, is a hell of a lot better than the move from $1,600 to $3,200."