Tuesday, September 27, 2011

John Embry: Why Central Banks Smashed Gold & Silver

from King World News:

With continued pressure on gold and silver, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. When asked about the smash in the paper gold and silver markets, Embry responded, “I didn’t think they (central planners) could pull this off (this severe of a hit in gold and silver) to the extent that they have because of the strong physical demand in both gold and silver throughout the world, particularly in the East. But when you are motivated, and they are most assuredly motivated, I think the response is often in proportion to the problem, and their problem is massive.”

John Embry continues: Read More @ KingWorldNews.com

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