- The bullion banksters cannot drive the price of gold (and silver) down indefinitely. They know there are massive buy orders close to the US$1600/oz level. Physical gold is disappearing from the west into the east (mainly China).
John Embry: $50 Downside on Gold but $1,000’s to the Upside!
With continued volatility in gold and silver, and oil holding well above the $100 level, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry told KWN gold has virtually no downside at these levels, but massive upside. Here is what Embry had to say: “I wouldn’t worry about it, I think you’re talking $50 to the downside on gold and thousands of dollars to the upside. These guys (manipulators) are really working on it relentlessly, which suggests to me there are more problems behind the scene than even I imagine.
They do not want the monetary policy central banks are embarked upon, which is as much money creation as necessary, they do not want people seeing the obvious alternative of gold and silver. So consequently they lean into it with gusto. It’s so transparent now that anybody with the slightest open mind can see what’s going on….”
… for more click here!