As you know, I have large number of well-regarded economists and strategists that I follow, and I try to reflect their latest thinking to my readers. One of those strategists is John Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, who is not shy about providing his thoughts to certain media.
In his latest interview with King World News, Embry states that “…the chaos will accelerate,” and “…before this ends, it will be cataclysmic.” He also discusses the recent LIBOR market manipulations, and adds “To me the biggest one and the longest running manipulations that no one will acknowledge is the gold and silver suppression scheme. This has been carried out to keep interest rates at low levels, and to suggest that the monetary policy being invoked is correct.”
As for his current thoughts on gold, he added that “I get a huge kick out of the sentiment in the gold market, which as you know, is extremely negative. We are to a point where we are dealing with very little on the downside in gold, but thousands of dollars on the upside. This is one of the best buying opportunities in history.”
He has many other strong beliefs about where we are heading economically and financially, so simply click here to hear the rest of John Embry’s latest King World News interview.Print This Post Send To A Friend