Real metal will beat paper at banks, Eric Sprott tells King World News

Eric tells King: "Just look at the printing of money and the way we've attempted to deal with the stresses in the banking system, and my ultimate end for gold is when people realize they are probably better off not having their money in a bank. They get paid nothing, they take all of the risk of the bank balance sheet, which is incredible, and, in my mind, why wouldn't you own gold and silver, which are going to maintain their purchasing power in almost any circumstance? You are way better off owning physical metal than owning a piece of paper at a bank."