Embry: Gold Super-Spike To Be Dwarfed By The Mania In Silver

Today John Embry told King World News the coming Super-Spike in gold will be dwarfed by the mania in silver.  Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say:  “Well, I’m focused on the inevitable rise in the gold and silver prices.  It’s obvious when you watch the trading that gold and silver are being aggressively restrained here.  This leads me to believe the central planners have some problems here and they don’t want the gold and silver prices to expose that.”
John Embry continues:

“What really terrifies the central planners is if gold and silver were to truly reflect what is really going on in the financial system, interest rates would rise significantly.  When this happens the debt load will be utterly unsustainable.  That’s their greatest fear.

I’m watching with great interest to see how long they are going to be successful at holding back the tide....

“There was a column yesterday in the New York Times by Paul Krugman.  It was astounding some of the assertions he made in that piece.  His title of the article was, ‘The Dwindling Deficit.’  He goes on to say the deficit is far from the biggest problem in the United States.  He wrote, ‘The budget deficit isn’t our biggest problem by a long-shot.  Furthermore, it’s a problem that’s already to a large degree solved.’ 
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