In 1/2026, 81-year-old billionaire Eric Spratt (Daniel) visited the mines in Australia and New Zealand, at the exact time of the silver price set a record of $100 a ounce. Even so, he was not overly concerned about this. "The gold and silver votes are both undervalued. In fact, I think the price of the metal is increasing. Silver can totally go up to $200, even $300. Gold can go up to $10,000," he said.

A few days later, the price of the money dropped by a third, with 76 dollars. Gold is also down to under $5,000, currently around $4,500. Even so, Spratt remained undeterred. He felt that such a disturbance was normal when the conflict broke out around the world and that investors flocked to seek safer shelter. According to him, this development reflected the market just seeking direction between global unrest.

Hidden can be one of the reasons many new investors seek gold and silver. However, Spratt claimed that there was another cause behind the recent aerospace surge of metal. It's the lack of control of governments. "I think we all understand that the governments have acted somewhat irresponsiblely with the financial system. They print money and spend excessively, from Canada, the United States, the UK, Japan to any other country," he said.

This is the argument mentioned by the analysis world for decades. Hypothetically, too much spending will erode consumers' beliefs into currency, causing many to transfer to visible assets such as precious metals - which are regarded as value storage.

That belief caused Spratt to store not only gold and silver but also more money by gathering shares at gold and silver companies. The deep knowledge of investment allows him to aim for small, little-time companies, possessing assets that he considers underprivileged. "I look at the deposits. I'm not a geologist, I don't know anything about rock, but I understand numbers. If the reward is big enough, I can accept it," he said.

• Terence Spratt at an event in Las Vegas, Nevada September/2012. Image: Reuters*

In fact, this strategy has resulted. Spratt currently holds shares at 120 mining companies. According to Forbes, his assets are currently $3.1 billion, nearly four times as much as early 2025, but have dropped from the top of the $4.6 billion earlier this year. Spratt reveals 98% of his assets from gold and silver.

The road became one of the world's most optimistic peoples on Spratt's precious metal starting in Ottawa - the Canadian capital known for its rich mineral mines. His father was a civil servant here, often trading stocks at leisure. This gets Spratt interested in investment.

In 1980, he used his savings to participate in trading on the Toronto Stock Exchange. He then opened his own stock company called Spratt Securities.

In 2000, when the dot com bubble was enlarged, Spratt began to worry about the market scenario collapse. So he sold the stock to switch to the precious metal. Shortly thereafter, the stock market fell to 80%.

Spratt later sold the stockbrokers of Spratt Securities. He retained the management of the property, and began to pour money into mining companies.

Due to the lack of certainty in cost and mineral quality, untapped mines are generally rated lower than refined metals, even after forecasts have been made from geologists. However, from personal experience, Spratt considered this an advantage. He said on Forbes that to date, he still considers the indicators such as the conversion capacity, the minimum ore function and the activity of the mine to consider the investment cost compared to the market price.

His biggest investment was the current stock value of $1.3 billion at Hycroft Mining Holding (US). This is one of the examples of investment in low-cost assets. Spratt was attracted by the large scale of this North Nevada gold and silver main mine, although when he invested in 2019, the mine was not even operational and Hycroft Mining was sinking in debt.

Spratt poured over 360 million dollars into Hycroft and supported the company to borrow the capital to hold 1% of the same share of 1.5% of the future mining revenue. After several years of turmoil, Hycroft stock began to raise prices. Spratt continues to invest further. Since early 2025, the stock has increased to nearly 1,500%, no matter how new the company has begun to operate and has not yet produced any gold or silver ounces.

His second major investment was in Discovery Silver Corporation (Canada). May 2019, Discovery and Levon Resources waxed into a silver-centered polling company, with projects in Mexico and Puerto Rico. Later that year, Spratt invested about $6 million to own nearly 25% of the new company. With this capital, Discovery began focusing on the large-scale Cordero mine at Chihuahua (2010). They estimated that the mine contained nearly a million tons of gold, silver, lead, and zinc.

The gold price of 2024 was just over 2,000 dollars a ounce, but by the end of the month 1/2026 had a time of close proximity to $5,600, which was equivalent to a 180% increase in 2 years. The price of silver is similar, as it increases from around $30 to $100 in just 2 years.

Forty years of investment helped Spratt to remain calm, no matter how turbulent the market was. When asked how to find out how to invest next billion dollars, billionaires only said: "The numbers brought me here. Remember that. You don't have to be a geologist.".

Local Thu * (in Forbes, Yahoo FinanceLock)

(2010).

[On Craig Piggott's phone screen, approximately 100 little yellow dots are moving—presenting every cow on the farm in Waikato, New Zealand.]htt