John Embry – There Are Now Hundreds Of Paper Claims For Every Available Ounce Of Physical Gold & Silver
On the heels of bonds, stocks, and crude oil tumbling, today John Embry told King World News that there are now hundreds of paper claims for every ounce of available ounce of physical gold & silver.
John Embry: “Eric, what we saw late last week vividly demonstrates how fragile the whole global economic and financial scene really is. In a period of ludicrously low interest rates that do not remotely reflect the default and/or hyperinflationary risks facing bondholders, the mere mention of higher rates created some panic in the bond market, and that panic has continued through today…
Continue reading the John Embry interview here......
The USD improves and gold drops a tad....
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