Billionaire Eric Sprott Allocates 98% of Fortune to Gold, Predicts $10,000 Price

Billionaire investor Eric Sprott has allocated 98% of his estimated $3 billion net worth to gold and silver, driven by concerns over irresponsible government spending and currency devaluation. Speaking to Forbes, Sprott criticized global governments, including those in the US, Canada, and Japan, for excessive money printing and deficit spending. He predicts gold prices could reach $10,000 per ounce and silver could surge to $200 or $300, despite recent market pullbacks from early 2026 highs. This perspective aligns with Ray Dalio, founder of Bridgewater Associates, who also advocates for gold as a hedge against debt-laden economies, though Dalio recommends a more moderate 15% portfolio allocation. The article highlights that gold has been the best-performing major asset class over the past two years, rising approximately 180% since early 2024. Central banks also increased gold reserves significantly in 2025. Sprott emphasizes that his investment strategy relies on financial numbers rather than geological expertise, asserting that limited-supply assets are essential safeguards when trust in fiat currency math erodes.