http://finance.yahoo.com/news/sprott-corp-announces-2013-third-120000188.html

Posted: 14 Nov 2013 07:09 AM PST

Eric's sold his gold.

"In November, subsequent to quarter end, we completed the disposition of our gold bullion holdings for gross proceeds of approximately US$76 million ," continued Mr. Yuzpe. "This transaction gives us the financial flexibility to eliminate our outstanding debt, while providing the Company with approximately $24 million to pursue new investment opportunities."

SCP.to has decided to stop covering its debt with metal and definitively cover its debt using dollar bills. And as the brand new Pres/CEO of SCP Mister Steve (coincide?) correctly points out, this is an opportunity. To buy it all back at $1,500 in a few months' time.