John Embry - Gold Outlook: Explosion in the Price of Gold Imminent

John Embry and Andrew Mickey

Andrew Mickey: Thanks for joining us today John. A lot has happened since we last talked in February. Basically, it looks like almost everything we looked at last time - gold, silver, agriculture, and other hard assets – continue to be out of favor. There have been “gold shoots,” but nothing really sustainable.

That’s why, today, I want to get into a few more specific topics with you. And one thing that's really hot right now is what's going on in China with the real debt explosion. To me, it seems similar to the “Greenspan Solution” – cut interest rates so low they’re actually negative so its cost prohibitive not to borrow money, sit back, and watch an asset bubble form.

Do you see any problems in China? What are your thoughts on this? (more)