Eric Sprott

Eric Sprott: Career Highlights

Eric Sprott's career is marked by several notable achievements. He started as a research analyst with Merrill Lynch, where he gained valuable insights into the financial industry. Later, he became a successful fund manager, demonstrating his expertise in managing investments.

In 2001, Sprott sold his first company, Sprott Securities, to the company's staff. This transaction marked a significant milestone in his entrepreneurial journey.

Sprott's philanthropic contributions are also noteworthy. He donated $10 million to Carleton University, his alma mater, leading to the renaming of their business school to the Sprott School of Business. This generous act reflects his commitment to education and supporting future generations of business leaders.

Sprott's foresight and investment acumen were evident during the 2008 financial crisis. He advised investors to buy gold before the crisis hit, which resulted in a rally to a new all-time high of over $2000 per ounce following the crisis. This episode solidified his reputation as a shrewd investor.

In 2007, Sprott created the Sprott Molybdenum Participation Corporation, a dedicated commodity hedge fund investing in molybdenum assets. This venture demonstrated his ability to identify and capitalize on opportunities in niche markets.

From 2010 to May 2017, Sprott served as chairman of Sprott Inc, a Toronto-based asset management firm. During his tenure, he provided strategic leadership and guidance, contributing to the company's growth and success.

Throughout his career, Sprott has consistently advocated for the value of gold and silver as investment assets.

He is widely recognized as a "long-time gold bull," holding a significant portion of his assets (excluding Sprott Inc shares) in gold and silver.