What Has Western Central Banks And Governments Scared To Death?

Tuesday, December 1, 2015
By Paul Martin

KingWorldNews.com
December 01, 2015

Today a 50-year market veteran spoke with King World News about what has Western central banks and governments scared to death.

John Embry: “The gold and silver markets have become a bad joke. All recent rallies have been met with massive paper selling, irrespective of the news backdrop. As I have said on many occasions, Western central banks and governments are scared to death of the precious metals…

“They are so afraid of gold and silver because they have been money for thousands of years, while every fiat currency has eventually collapsed to worthlessness.

The current system has been in effect since the Bretton Woods Agreement in 1944 as World War II was winding down. To say that it is long in the tooth is a considerable understatement. However, to keep the system afloat in the face of massive QE programs globally, gold and silver prices have been viciously suppressed over the last four-plus years.

To date the efforts of central planners have been effective, as the public in the West has been largely kept out of the sector due to the highly manipulated price action. But this is not over yet as the magnitude of the Ponzi scheme used to create these artificial prices in the paper gold and silver markets is becoming more apparent.

The Rest…HERE

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