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« FOMC Will Stay the Course at April Meeting | Main | Whiff of gold price rigging »
Monday
Apr282014

Putin Is About To Unleash Terror On The West: John Embry

President Putin

Today a man who has been involved in the financial markets for 50 years warned King World News that Putin is about to unleash terror on the West.  He also warned this could end up in disaster for the West, particularly the United States.  Below is what John Embry had to say in this powerful interview.

Embry:  I’m watching a number of things but first and foremost I’m focused on this Ukrainian situation.  I really don’t think there is anyone in the world dumb enough to start a world war but I do think we stand a very real probability of an economic war developing....

To continue reading the John Embry interview please click here...

The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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Reader Comments (4)

The usual old wild speculation by Embry that rarely comes to pass .If Russia asked for physical delivery the US could just refuse or settle in cash and as we all know the US controls the gold price

April 29, 2014 | Unregistered Commentergold bug

Russia doesn't trade gold on the Comex. It sources its gold acquisitions from domestic mining almost 100%, and, unlike many central banks, they hold ALL their gold in vaults inside Russia, so it makes no sense whatsoever to talk about Russia "asking for delivery." Delivery from whom ... from where?

They don't own derivatives. They don't have warehouse receipts. They have the real thing in their possession.

Which prompts me to ask ... who's the one imagining things?

May 5, 2014 | Unregistered Commenterfallingman

It sounds like a very sensible position to be in at any time - it also applies to us as individuals, being dependent on others is a risky business.

May 5, 2014 | Registered CommenterGold Prices

It is only a matter of time. Once the US loses their reserve currency status, the manipulation will be impossible for them. In fact, it is quite likely that once the USD fails, you won't be able to even exchange PM's for any amount of their worthless wheelbarrow currency. The EM's and BRICS nations whose central banks hold lots of gold, will be the new bastions of wealth while the US goes bankrupt. In fact, America may well end up without a currency at all because nobody in their right mind will want to trade with it. Now is not the time to give up and lose faith. The biggest wealth transfer in history will make the poor rich and many rich people bankrupt. Russia is laughing at the US right now. The US is pissing them off and blindly walking into a trap. Soon it will all come crashing down at their feet.

May 11, 2014 | Unregistered CommenterRonald West

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