Tuesday, November 20, 2012

Embry – $67 Trillion Shadow Banking System & $10,000 Gold

from KingWorldNews:

Today John Embry spoke with King World News about the the $67 trillion shadow banking system, $10,000 gold, and how this will all end. Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say: “I’m a big admirer of Ketih Barron because I was big player in his company Aurelian. I think he’s a very smart guy and he understands the business extremely well. I agree with him that gold production is headed for a big decline going forward.
You have to remember that until the 1980s, virtually all of the mining in the world was underground mining, and the grades were a lot higher than they are now. This is because a lot of the gold that was easy to mine has already been mined and we are having to go deeper and deeper.”
John Embry continues @ KingWorldNews.com

1 comment:

  1. great blog, i am just beginning to get into the forex market.

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