- The Price Of Silver Is Set To Soar As Inventories Collapse!
With continued volatility in global markets and oil still trading near the $106 level, today John Embry told King World News the price of silver is set to soar as inventories continue to collapse. Embry also spoke at length about the gold market. Below is what Embry had to say in this powerful interview.
Embry: “I am becoming far more comfortable with the gold and silver markets after what can only be construed as an extraordinarily ugly few months. These violent takedowns in the paper market, which bore no relation to what was going on fundamentally, have discouraged so many people. I guess price action is the thing that drives them crazy because people then start to doubt the fundamentals. But what I see now is very promising….
The Western world is highly indebted, so there is no real vitality there. So if China gets into difficulty, I think things will get pretty messy, and it will just serve to reiterate why I’m so bullish on gold and silver. All of this economic weakness will just lead to more and more money creation and that’s the best possible environment, ultimately, for gold and silver prices.”